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01/25/2013 05:26:47 PM EST

Allied Creditors Move To Bury Owner Yucaipa's Claims

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Law360: Bankruptcy

Creditors of Allied Systems Holdings Inc. launched an adversary complaint Friday in Delaware bankruptcy court seeking to subordinate the claims of the debtor's private equity owner Yucaipa Cos. Ltd. to those of other lenders and recover damages from Yucaipa's billionaire head Ron Burkle, among others. Read More...