Wed 04/20/2022 10:15 AM
Bankruptcy Legislation Update:
U.S. District Judge Katherine Failla’s recent
decision in the suit challenging the Serta Simmons June 2020
non-pro-rata uptier loan exchange could provide additional ammunition to future uptier exchange challengers, including nonparticipating bondholders reportedly gearing up to challenge the
pending Incora uptier bond exchange. However, Judge Failla’s ruling is likely to be of limited applicability for bondholder-challengers because of certain key...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.