Noteholders Push For Auction In Blockbuster Ch. 11

Law360, New York (March 9, 2011, 7:58 PM EST) -- A group of Blockbuster Inc. noteholders implored a New York judge on Wednesday to approve the bankrupt movie rental chain's auction, while Icahn Partners LP defended its right to bid on Blockbuster.

The steering group — including Icahn Capital LP, Monarch Alternative Capital LP, Owl Creek Asset Management LP, Stonehill Capital Management LLC and Varde Partners Inc. — told the U.S. Bankruptcy Court for the Southern District of New York that it would not receive an undeserved windfall from Blockbuster's sale as the official committee of...
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