Barnett U.S. Equity Fund Files Lawsuit Over Alleged Violations in J.C. Penney Bondholder Protections
Barnett U.S. Equity Fund LP has filed a breach-of-contract lawsuit against Wilmington Trust and UMB Bank, alleging they violated bondholder protections during the J.C. Penney Chapter 11 bankruptcy proceedings by improperly releasing collateral securing $333.3 million in bonds.
Topics: bond_secured_loans collateral_release indenture_trustees lawsuit