Legacy CLO to take a hit as manager attempts to settle Lehman lawsuit
Subordinated noteholders in a European CLO are set to take a hit as the manager attempts to settle a court case with the Lehman Brothers estate, according to an investor notice
Subscriber-only article
This article is available only to Creditflux subscribers and free trial users within 30 days of publication.
Already a subscriber? Not logged in? Click here to login.
If you have not already done so,
you may request a FREE TRIAL by clicking here
This trial will give you:
- 4-weeks' free online access to our
most recent subscriber-only articles - Daily breaking news alert sent by email
- A print copy of Creditflux
If you currently have a free trial, you will see this message when you try to view articles older than 30 days.
Related Stories
- IIG Global Trade Finance Fund lawsuit targets CLO trustee and noteholders, alleging they reaped gains from fraud that cost fund USD 190m 7 months ago
- Sculptor CEO Levin refutes "personal issue" accusation by ex-chief Och 1 year ago
- Court orders Bancorp to repay Waterfall's deposit from cancelled CRE CLO 1 year ago
- They said it: "I feel vindicated..." 2 years ago
- Trade finance specialist sentenced to 12 years in prison for CLO and fund fraud 2 years ago
CLOs
- CVC joins short-dated trend for latest US CLO 10 hours ago
- CSAM gets happy ending as CLO 69 prices 10 hours ago
- European WAL test language is getting a little looser finds Dealscribe 10 hours ago
- New short-dated CLO brings triple-As down to 132bps 15 hours ago
- Oaktree makes it two new US CLOs this year 15 hours ago
Comment by: Anonymous. Posted 8 years ago [2015-07-08 01:37:18]