Innkeepers: Standing of CMBS Certificateholders in Bankruptcy

September 2011
Pratt's Journal of Bankruptcy Law
The Bankruptcy Court for the Southern District of New York recently ruled that a commercial mortgage-backed securities holder was not a party in interest in, and thus did not have standing to be heard in connection with, the bankruptcy proceeding of the borrower on the underlying mortgage loan. The authors of this article discuss this case and its ramifications.