Judge Won't Block Exela Ch. 11 Plan For Claims Dilution Suit

By Clara Geoghegan ( July 24, 2025, 10:55 PM EDT) -- A Texas bankruptcy judge Thursday declined to stop automation technology group Exela from exiting Chapter 11 next week, but said he would condition the over $1 billion debt-for-equity swap plan's effectiveness on a roughly 30% recovery rate for its general unsecured claims....

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