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TridentUSA Ch. 11 Lender Fight Over Priority Claims Heats Up

Law360 (May 22, 2019, 9:47 PM EDT) -- The stakes have been raised in a battle between lenders in the Chapter 11 case for bedside diagnostics provider TridentUSA, as Silver Point Finance LLC filed an adversary suit Tuesday against a prepetition financier, saying it violated an agreement not to challenge Silver Point's liens.

Silver Point Finance, the administrative agent for Trident's debtor-in-possession lender Silver Point Capital LP, is taking a more aggressive approach to resolving disagreements with Cortland Capital Market Services LLC, the administrative agent for existing first lien lenders, over the validity of Silver Point's claims against the health care provider's Chapter 11 estate.

The parties have been...

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