MFS CLO equity holders miss out as GM bankruptcy case drags on

By James Harvey

Tuesday, May 10, 2016

Equity investors in a recently-called MFS Investment Management CLO have missed out on $3.3 million in liquidation proceeds after the deal was named a defendant in a court case relating to General Motors’ 2009 bankruptcy

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.

TAGS: JP Morgan

View details on CLO-i: Jersey Street CLO I

Comment by: Anonymous. Posted 7 years ago [2016-05-11 23:41:24]

What a fascinating error by the law firm (Mayer Brown)! A new "operational risk" is created! We must now guard against our law firms unwittingly gutting the collateral rights securing our loans! That will be a tough one to model ....

Related Stories

CLOs

more stories...