108 Iowa L. Rev. 1403 (2023)
Abstract
The corporate bond market has historically been one of the most highly invested capital markets in the world. A recent case has disrupted the corporate bond market by granting an untraditional remedy. This Note first discusses corporate bonds generally and their relevance in today’s capital markets. Next, this Note discusses the recent case of Wilmington Savings Fund Society, FSB v. Cash America International, Inc. in the U.S. District Court for the Southern District of New York. This Note argues the court incorrectly decided Cash America and discusses what implications that incorrect decision has on bond issuers and the corporate bond market. Finally, this Note proposes three solutions that bond issuers can take to remedy the problems presented by Cash America.