TPG Wins Sanctions In Hellas Notes Case

Law360, New York (July 19, 2013, 4:01 PM EDT) -- Private equity firm TPG Capital was awarded more than $500,000 in attorneys’ fees Thursday, after a New York bankruptcy judge sanctioned three hedge funds over an involuntary bankruptcy filing seeking to hold it responsible for notes issued by formerly TPG-owned Hellas Telecommunications Sarl.

According to U.S. Bankruptcy Judge Martin Glenn, TPG was entitled to an award of just more than $513,000 for its attorneys’ fees in the case, which sought to put now-defunct TPG units TPG Troy LLC and T3 Troy LLC into involuntary bankruptcy, saying that...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.