Yucaipa Asks NY Court To Restore Allied Credit Agreement

Law360, New York (November 26, 2013, 6:18 PM EST) -- An attorney for Ron Burkle's private equity firm The Yucaipa Cos. LLC on Tuesday urged a New York state appeals court to restore a credit agreement at issue in car hauler Allied Systems Holdings Inc.'s bankruptcy, after a lower court threw out the deal.

Yucaipa's attorney David E. Ross of Kasowitz Benson Torres & Friedman LLP argued during a hearing in Manhattan that Judge Charles E. Ramos had gone too far when he threw out all the changes to a credit agreement governing $265 million of...
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