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
資產管理公司麥德利的DJ破產計劃現在掌握在法官手中--市場對話
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-聽取是否批准資產管理公司Medley LLC破產計劃的法官表示，她將考慮此事。美國證券交易委員會(Securities And Exchange Commission)反對破產法第11章的計劃，聲稱“充滿衝突的內部人士”將資金轉移到一個沒有參與破產的實體，損害了“不成熟的夫妻店”債券投資者的利益。麥德利説，如果該計劃沒有得到確認，它可能會轉換到破產法第7章清算，債權人獲得的賠償甚至更少。梅德利大學的律師傑弗裏·韋克斯曼説：“這個計劃並不完美，但總體來説，計劃並不完美。”他説，兩個不會收回所有欠款的債權人團體仍然支持該計劃。(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美國東部時間(格林尼治標準時間20：08)
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