Bankruptcy Plan of Asset Manager Medley Now In Judge's Hands -- Market Talk
Bankruptcy Plan of Asset Manager Medley Now In Judge's Hands -- Market Talk
DJ Bankruptcy Plan of Asset Manager Medley Now In Judge's Hands -- Market Talk
资产管理公司麦德利的DJ破产计划现在掌握在法官手中--市场对话
1608 ET - The judge hearing arguments into whether to approve the bankruptcy plan of asset manager Medley LLC said she would take the matter under advisement. The Securities and Exchange Commission opposes the chapter 11 plan, alleging that "conflict-ridden insiders," have diverted money to an entity not part of the bankruptcy, to the detriment of "unsophisticated, mom-and-pop," bond investors. Medley said if the plan isn't confirmed, it could convert to chapter 7 liquidation, with creditors recouping even less. "This plan isn't perfect but plans generally aren't perfect," Medley lawyer Jeffrey Waxman said. Two creditor groups that won't recoup all of what they're owed still support the plan, he said. (becky.yerak@wsj.com ; @beckyyerak)
1608ET-听取是否批准资产管理公司Medley LLC破产计划的法官表示，她将考虑此事。美国证券交易委员会(Securities And Exchange Commission)反对破产法第11章的计划，声称“充满冲突的内部人士”将资金转移到一个没有参与破产的实体，损害了“不成熟的夫妻店”债券投资者的利益。麦德利说，如果该计划没有得到确认，它可能会转换到破产法第7章清算，债权人获得的赔偿甚至更少。梅德利大学的律师杰弗里·韦克斯曼说：“这个计划并不完美，但总体来说，计划并不完美。”他说，两个不会收回所有欠款的债权人团体仍然支持该计划。(becky.yerak@wsj.com；@beckyyerak)
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October 06, 2021 16:08 ET (20:08 GMT)
2021年10月6日16：08美国东部时间(格林尼治标准时间20：08)
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