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A federal appeals court overturned a bankruptcy plan for mattress-maker Serta Simmons Bedding to hand control of the company to one group of lenders while excluding others, a landmark ...

On December 31, 2024, the U.S. Court of Appeals for the Fifth Circuit issued its long-awaited decision regarding the permissibility of the ...

ruling that a lower bankruptcy court erred in its handling of the 2023 Chapter 11 restructuring of the mattress retailer Serta Simmons Bedding. However, a New York appeals state court issued a ...

Better Health Group is seeking to bolster support for its debt restructuring plan after an unrelated court ruling favored ...

Dec 31 (Reuters) - The 5th U.S. Circuit Court of Appeals ruled Tuesday that mattress maker Serta Simmons did not treat its lenders equally in a controversial 2020 debt deal, warning that similar ...

On December 31, 2024, the United States Court of Appeals for the Fifth Circuit and the New York Appellate Division, First Department, both ...

Serta ruling could throw cold water on deals that have grown widespread but criticised as ‘creditor-on-creditor violence’ ...