Financing Co.'s Bid To Change CDO Payout Nixed By 2nd Circ.
A three-judge panel said that U.S. District Judge Jed Rakoff did not err in ordering that principal payments on the failed CDOs' highest-priority A-1 notes be paid before interest payments due to A-2 noteholders, which include appellant Loreley Financing No. 8 Ltd.
The ruling means that Loreley can't change the order of...
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