Credit: Lane V. Erickson/Adobe Stock Robertshaw Bankruptcy Order Could Affect Similar Transactions
Invesco sued the lender plaintiffs and One Rock in New York State Court in December. Robertshaw's Feb. 15 bankruptcy filing in Texas stayed the New York litigation.
June 27, 2024 at 12:34 PM
4 minute read
What You Need to Know
- A private equity lender and sponsor to a company in bankruptcy prevailed against another lender trying to regain a superior position.
- UK-based Invesco sued over its lost position as the
- Analysis of the Southern District of Texas decision suggests it complicates business for some creditors seeking equitable relief.
Debevoise & Plimpton prevailed on behalf of private equity client One Rock Capital Partners LLC in a bankruptcy lawsuit against Invesco Senior Secured Management Inc. over transactions with an affiliated company.
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