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Court Holds That Non-Pro Rata Exchange Offer Violates “Sacred” Lender Rights and Chapter 11 Plan May Not Indemnify Participating Lenders Against Related Lawsuits ...
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 ...