SunEdison Judge Says Creditor Seems Bitter Over Equity Deal

Law360, New York (November 9, 2017, 2:27 PM EST) -- Two linked investors alleging SunEdison Inc. favored certain creditors when putting together a Chapter 11 exit financing agreement received a blunt rebuke Thursday when a New York bankruptcy judge said their complaints sounded like bitterness over their own offer's rejection, not like legal impropriety.

At a hearing, U.S. Bankruptcy Judge Stuart M. Bernstein rejected an effort by Connecticut-based investment management firm AQR Capital Management and its affiliated hedge fund CNH Partners LLC to compel SunEdison to turn over information related to a funding arrangement underpinning the green energy...
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