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Yucaipa Settles Allied Creditors' Suit In $58M Deal

By Jamie Santo (July 29, 2013, 5:47 PM EDT) -- Allied Systems Holdings Inc.'s unsecured creditors have resolved their suit against private equity owner The Yucaipa Cos. LLC, filing a settlement motion in Delaware bankruptcy court Friday that would give the troubled car hauler $17 million in cash and forgive $41 million of its debt....

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