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...
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