Tag Archives: default

Wet Seal In Default On Loans, Closes Stores and Fires Employees

Wet Seal gets (very little) breathing room from lenders, but trouble ahead. It has been tough for clothing retailers as dEliA*s and Deb Stores recently filed for bankruptcy. Is Wet Seal next? Today they announced that the Company was closing … Continue reading

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Argentina Loses Appeal In Bondholder Fight As Court Sides With Bondholder Group Led By Elliott Management

Next up: Supreme Court, if it is willing to take the case. In a victory for investors in sovereign securities, the 2nd Circuit Court of Appeals ruled against Argentina’s appeal of the court order requiring Argentina’s payment of $1.3 billion … Continue reading

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Argentina Goes to U.S. Supreme Court to Stiff Bondholders

Argentina files suit to avoid paying Elliott Management in battle of naval powers. We have previously stated our admiration for the naval prowess of Elliott Management.  But, Argentina continues to fight back. Argentina has asked the U.S. Supreme Court to … Continue reading

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The Coolest Hedge Fund Article Ever. Hedge Funds Try to Foreclose On the Argentine Navy. Awesome!

Argentina did what does best, default on a bunch of debt.  Some hedge funds bought it and would like their money, thankyouverymuch. The hedge funds have been going around the world to try and seize Argentine assets.  Among them is … Continue reading

Posted in Creditor/Debtor, Elliott Associates, Hedge Funds, Vulture Capital | Tagged , , , , , , , , , , | 3 Comments