Yucaipa's Subordination Claims Thrown Out Of Allied Ch. 11

By Matt Chiappardi (August 21, 2015, 7:44 PM EDT) -- A Delaware bankruptcy judge on Friday threw out The Yucaipa Cos. LLC's attempt to equitably subordinate the claims of competing first-lien lenders in Allied Systems Holdings Inc.'s Chapter 11 case, ruling the private equity firm's action is barred by a covenant not to sue and its allegations aren't plausible....

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