https://www.law.com/newyorklawjournal/2024/08/05/beneficial-owner-of-bond-debt-has-standing-to-sue-new-york-judge-rules/
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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