Creditors Seek To Force Car Battery Recycler Into Bankruptcy

Law360, New York (May 19, 2017, 5:00 PM EDT) -- A group of investors led by hedge fund GoldenTree Asset Management on Thursday asked a Nevada bankruptcy court to force the world’s largest lead producer into bankruptcy, saying it has defaulted on more than $2 billion in debt.

The six investment funds claimed EB Holdings II Inc., the corporate parent of British car battery recycler Eco-Bat Technologies, defaulted on €1.8 billion in debt that matured at the end of March.

“The debtor has not identified any assets that it owns that would be sufficient to repay...
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