Zohar Gets OK To Send Noteholders Financial Info

Law360 (July 19, 2021, 6:02 PM EDT) -- A Delaware bankruptcy judge gave the Zohar Funds approval Monday to share financial information with independent noteholders on the companies being put up for sale in Zohar's Chapter 11 case.

At a brief virtual hearing, U.S. Bankruptcy Judge Karen Owens approved a package of disclosures and an accompanying nondisclosure agreement to meet what Zohar counsel said were requests by the holders of notes in one of the Zohar funds for more information on the financial health of the companies being put on the block in Zohar's bankruptcy.

Zohar was sent into a complex $1.7 billion Chapter 11 in 2018 by turnaround...

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