January 27, 2023
The Texas bankruptcy judge overseeing Serta Simmons Bedding LLC's Chapter 11 case Friday asked the mattress maker to submit a request to pause an attempt to move a New York suit over the company's 2020 loan recapitalization to federal court in New York.
January 24, 2023
Mattress manufacturer Serta Simmons Bedding opened its Chapter 11 case Tuesday in Texas with much discussion of ongoing litigation with prepetition lenders, saying that issues over debt classification need to be addressed before a restructuring can be executed.