Sears CDS battle heats up as DC challenged to change auction rules

By Dan Alderson

A high profile battle over Sears Roebuck Acceptance Corp credit default swaps has taken a new turn, with one market participant challenging the Americas Determinations Committee to change its rules to avert price manipulation by another market participant in the bankrupt retailer's credit event auction

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TAGS: High yield bonds Distressed debt Credit derivatives Leveraged loans North America Omega