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Lenders to Salinas’ TV Azteca Look to Transfer Case to New Judge
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Lawyers on behalf of US lenders in a long-running case against Mexican billionaire Ricardo Salinas Pliego’s broadcaster TV Azteca are looking to transfer proceedings to a new judge as they try to revive efforts to recover half a billion dollars in debt.
Akin Gump Strauss Hauer & Feld asked the court to update the case to reflect that $400 million of the company’s notes matured in August without repayment, according to a filing on Friday in a federal court. Alternatively, holders of the majority of the notes requested that Judge Paul Gardephe be removed from the case in favor of another judge.