Suntech Noteholders Win Ruling on Claim, Lawyer Says
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Suntech Power Holdings Co. noteholders won a court ruling on their claim for $550,000 in defaulted debt owed by the Chinese solar-cell maker, a lawyer for the investors said.
U.S. District Judge Robert Patterson Jr. granted the investors’ motion for summary judgment yesterday at a hearing in Manhattan, Jay Teitelbaum, a lawyer for Trondheim Capital Partners LP and Michael Meixler, said in a phone interview. The judge instructed the lawyers to prepare a written judgment, Teitelbaum said. The ruling couldn’t be confirmed on the court’s website.