Group: United Deal Favored Three Firms

Shields, Yvette
December 2004
Bond Buyer;12/10/2004, Vol. 350 Issue 32027, p1
Trade Publication
The article focuses on the controversy generated over the alleged disparity shown by debtor United Airlines to bondholders Stark, Vanguard and Nuveen over United's seven series of O'Hare bonds in the U.S. The settlement called for the compensation of bondholders at substantially different levels depending on which series of bonds they held. It provided some with as much as 60 cents on the dollar while leaving others with just pennies on the dollar, depending on how much United eventually pays on its unsecured claims.


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