Replies to post #75 on Bankrupt and Distressed (BAD) Research and Due Dil

[stockmarketmadness]

I have been searching for the results of the damage claims from rejected leases when Northwest filed for bankruptcy, but I cant find it anywhere.

Also it still has to be determined whether the leases are "disguised financing" or a "true lease".

I did find this:

"Many courts limit the amount of recovery by the landlord to one year of future rent. In addition, some courts may require the landlord to mitigate the damages caused by rejection of the lease. The case law is not consistent as to whether the 15% limit on the landlord's damages under § 502(b)(6) is a function of the remaining term of the lease or the amount of rent due."

http://www.firstam.com/content.cfm?id=3174