Court Holds That Non-Pro Rata Exchange Offer Violates “Sacred” Lender Rights and Chapter 11 Plan May Not Indemnify Participating Lenders Against Related Lawsuits ...
A federal appeals court overturned a bankruptcy plan for mattress-maker Serta Simmons Bedding to hand control of the company to one group of lenders while excluding others, a landmark ...
Dec 31 (Reuters) - The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a controversial 2020 debt deal, warning that similar ...