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September 08, 2008

New Era in Litigation? Bankrupt US Retailer Charges PE Funds with Asset Stripping

Litigation has proliferated since the onset of the credit crisis, with buyout funds, banks and target companies engaging in a spiral of lawsuits and counter lawsuits over collapsing deals and termination fees.

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December 04, 2007

Casino Business Wobbles at High Stakes Debt Table

The gaming industry (casinos), a major employer in the IUF sectors generally thought of as relatively immune to cyclical developments, is showing signs of being hit by the credit crunch afflicting LBOs. Beginning with the 1998 Colony Capital buyout of Harvey's Casino Resorts, buyout funds have moved into the sector in a big way, attracted by the industry's tempting real estate portfolios and stable cash flows.

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