absolute priority rule
Definitions from Case Law · United States Supreme Court
Definitions from Case Law
From 308 U.S. 106 - Case v. Los Angeles Lumber Products Co. · 1939Most cited · 1,565 citing opinions
to the extent of their debts creditors are entitled to priority over stockholders against all the property of an insolvent corporation
How often courts cite the cases defining “absolute priority rule”
Court decisions citing the 2 opinions that defined “absolute priority rule” — 2,424 in all, by decade. Counts are citations to the defining cases as a whole, not verified uses of the term. The dip in the most recent years is a data-coverage gap, not a real trend — our corpus holds fewer opinions from the latest years.
All 2 definitions, chronological · 1939–1941
Whether a company is solvent or insolvent in either the equity or the bankruptcy sense, 'any arrangement of the parties by which the subordinate rights and interests of the stockholders are attempted to be secured at the expense of the prior rights' of creditors 'comes within judicial denunciation