K-V Creditors Slam Senior Bondholders' Bid For Interest

Law360, New York (August 19, 2013, 3:13 PM EDT) -- Creditors of K-V Pharmaceutical Co. on Friday urged a New York bankruptcy judge to deny a group of senior bondholders' demand for post-petition interest on the debt they hold before convertible noteholders receive any payments.

The official committee of unsecured creditors and the Deutsche Bank Trust Co. Americas, the trustee for a group of convertible notes, are seeking summary judgment in the senior bondholders' lawsuit asserting their entitlement to be paid in full all accrued interest on the $235.8 million in debt they claim they are...
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.