2nd Circ. Declines To Stay $542M Triaxx CDO Default Sale
By Pete Brush ( August 23, 2016, 5:57 PM EDT) -- The Second Circuit refused Tuesday to stay a New York federal judge's order requiring the sale of $542 million of defaulted residential mortgage-backed securities in a $2.7 billion Triaxx collateralized debt obligation, denying junior noteholder Goldentree Asset Management's bid to halt what it called a fire sale that would wipe out its investment....
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