June 7, 2023
Gibson Dunn achieved a sweeping victory at trial in the United States Bankruptcy Court for the Southern District of Texas, validating a market-leading transaction that provided Serta Simmons Bedding with new liquidity and capital structure relief in order to ensure its survival during the early days of the COVID-19 pandemic.
The trial — where we successfully represented an ad hoc group of lenders including Eaton Vance , Invesco , Barings , and Credit Suisse Asset Management —was closely watched in the financial world and represents a seminal decision related to position enhancement transactions—financial transactions undertaken between a borrower […]
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