SVP, Attestor Seek Legal Action Against Events Firm Comexposium
- Lenders allege firm’s directors, owners denied their rights
- Funds already sued in March to access company financial data
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Strategic Value Partners and Attestor Capital are taking legal action against directors and shareholders of French events firm Comexposium in the U.K., the latest chapter in a battle between lenders and owners over its restructuring process.
The funds have served notice of a lawsuit to the company’s shareholders -- Credit Agricole SA’s Predica insurance business and the Paris Chamber of Commerce -- and managers, according to people familiar with the matter, who asked not to be named because they’re not authorized to speak publicly. Lenders allege directors and owners conspired to deny their rights, the people said.