Credit hedge fund GoldenTree sues German borrower, says Bloomberg

GoldenTree Asset Management has launched a lawsuit against German car parts supplier Schmolz + Bickenbach

TAGS: Law suits

Comment by: Anonymous. Posted 11 years ago [2013-03-04 23:32:43]

The Golden Tree claim seems plausible, but it hinges on why the CEO and CFO were fired and whether it's clear (or at least possible) that the Board deliberately chose to sell bonds first and then throw a grenade into the executive suite.