Dodgers Creditors Say MLB Loan Deal Beats Fund Offer

Law360, New York (July 18, 2011, 6:21 PM EDT) -- Unsecured creditors of the Los Angeles Dodgers LLC told a Delaware bankruptcy judge on Monday that a $150 million financing offer from hedge fund firm Highbridge Capital Finance LLC is inferior to a competing pitch by Major League Baseball.

The official committee of unsecured creditors lodged an objection in Delaware bankruptcy court to the Highbridge financing package, saying the MLB deal is better and asking that the hedge fund firm’s deal be amended to match some of the benefits.

“There can be no question that the...
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