Judge Rejects Bid to Block Serta Simmons Restructuring

0
21



A New York judge cleared the way for Serta Simmons Bedding LLC to move forward with a disputed restructuring of its debt, ruling against holdout investors, including Apollo Global Management Inc., that accused the mattress maker of treating them unfairly.

Apollo, Angelo Gordon & Co. and Gamut Capital Management LP had sued to block the company’s proposed balance-sheet transaction, but Justice Andrea Masley of the Supreme Court of New York on Saturday rejected their request for an injunction.



Source link