Sears CDS squeeze is different to Hovnanian manipulation, say Cyrus' lawyers

By Dan Alderson

Matters at the heart of an industry tussle over Sear Roebuck Acceptance Corp credit default swaps are entirely different in nature to the “narrowly tailored credit event” concerns that arose with Hovnanian, lawyers speaking on behalf of Cyrus Capital Partners have claimed

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TAGS: CDS High yield bonds Credit derivatives North America