A May 14 decision by the Delaware Court of Chancery may have significant implications for senior noteholders in structured credit transactions, specifically CDOs, according to a recent special report from Moody’s Investor Service.

Concord Real Estate CDO 2006-1, a  commercial real estate (CRE) CDO backed by a pool of loans, CMBS, and other CRE related interests, issued approximately $414 million of notes divided into tranches from Class A to Class H.  

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