The decision from Manhattan Acting Supreme Court Justice Joel Cohen of the Commercial Division helps further clarify which bondholders are able to pursue legal claims.
August 05, 2024 at 05:21 PM
3 minute read
A hedge fund operating as the beneficial owner of unpaid bond debt has standing to sue issuers if given the green light by the custodian, a New York judge has ruled.
The July 31 decision from Manhattan Acting Supreme Court Justice Joel Cohen helps further clarify which bondholders are able to pursue legal claims.
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Manhattan Supreme Court Justice Joel Cohen. File photo.
