From Veritas’ EdTech consolidation strategy to a $1.6bn capital structure unwind, Anthology’s distressed situation culminated in a costly lender-led takeover with a non-pro-rata Chapter 11 situation
ConvergeOne (C1): When Majority Control Meets Judicial Constraint
How growing judicial scrutiny in-court prevents mmay ajority creditors from leveraging their voting power to capture outsized economics at the expense of similarly situated lenders