JD Supra1h
Serta - Fifth Circuit Decision
On December 31, 2024, the U.S. Court of Appeals for the Fifth Circuit issued its long-awaited decision regarding the permissibility of the ...
Better Health Looks to Increase Deal Support After Serta Ruling
Better Health Group is seeking to bolster support for its debt restructuring plan after an unrelated court ruling favored ...
Serta Debt Ruling Lobs 'Grenade' Into Restructuring Strategies
An appeals court opinion striking down an “uptier” debt transaction between Serta Simmons Bedding LLC and a group of lenders ...
Serta Simmons Debt Restructuring Struck Down by Appeals Court
A federal appeals court overturned a bankruptcy plan for mattress-maker Serta Simmons Bedding to hand control of the company ...
JD Supra1d
Latest Uptier Decisions in Serta and Mitel Remind Contract Language Matters
The caselaw on “uptiers” as liability management exercises (LMEs) grew by two opinions on the last day of 2024. In Serta, the Fifth Circuit ...
5th Circuit rejects Serta Simmons' controversial 2020 debt deal
The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a ...
US appeals court rejects controversial debt restructuring manoeuvre
Serta ruling could throw cold water on deals that have grown widespread but criticised as ‘creditor-on-creditor violence’ ...