5th Circ. Serta Ruling Gives Grist For Lenders Left Behind

By Alex Wittenberg · January 24, 2025, 2:34 PM EST

A Fifth Circuit decision rejecting mattress maker Serta Simmons' controversial "uptier" exchange offers new ammunition for an array of investors excluded from non-pro rata debt transactions, a development that could curb...

To view the full article, register now.

Documents

Case Information

Case Title

Serta Simmons Bedding, LLC

Case Number

4:23-bk-90020

Court

Texas Southern

Nature of Suit

Date Filed

January 23, 2023


Case Title

Excluded Lenders v. Serta

Case Number

23-20181

Court

Appellate - 5th Circuit

Nature of Suit

Date Filed

April 26, 2023