In re Northwest Airlines Corporation
United States Bankruptcy Court for the Southern District of New York
363 B.R. 701 (2007)
Northwest Airlines Corporation (Northwest) filed for chapter 11 reorganization, and an ad hoc committee of equity security holders (the equity committee) filed a disclosure statement under Federal Rule of Bankruptcy Procedure 2019. Northwest argued the statement failed to comply with Rule 2019 because it neither identified the committee's individual members nor broke down their claims individually, listing only an aggregate figure, and moved to require a revised disclosure.
Whether Bankruptcy Rule 2019 requires every entity or committee representing more than one creditor or equity security holder in a chapter 11 bankruptcy to file a disclosure statement identifying the individual members of the group and disclosing the economic interests of each individually held claim.