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Bombardier Hires Cravath, Seeks to Dismiss Bond Default Lawsuit

  • Hedge funds accuse Bombardier of breaking debt protections
  • Conflict stems from company’s sale of notes on existing bond
Bombardier Inc. hired Cravath, Swaine & Moore LLP to defend in court its sale of additional notes of a bond issue just as some existing investors were alleging the Canadian jet maker had ran afoul of protections on the debt. 

Bombardier Inc. hired Cravath, Swaine & Moore LLP to defend in court its sale of additional notes of a bond issue just as some existing investors were alleging the Canadian jet maker had ran afoul of protections on the debt. 

Photographer: Krisztian Bocsi/Bloomberg

Bombardier Inc. hired Cravath, Swaine & Moore LLP to defend in court its sale of additional notes of a bond issue just as some existing investors were alleging the Canadian jet maker had ran afoul of protections on the debt. 

Hedge funds Antara Capital Master Fund LP, Corbin ERISA Opportunity Fund Ltd and Corbin Opportunity Fund LP sued Bombardier in January, claiming the company triggered a default on the bonds by selling some business units.