Friday, May 17, 2013

Aurelius Scores Windfall Under Tousa Bankruptcy Plan

Florida homebuilder Tousa Inc ., which collapsed five years ago when the housing bubble popped, is seeking approval of a Chapter 11 plan that proposes to pay bondholders hundreds of millions of dollars, a big win for the investors that bought up the company's debt at a deep discount then battled lenders for a payout. Read the rest at http://pevc.dowjones.com/Article?an=DJFLBO0020130517e95how2hp&cid=32135028&ctype=ts&ReturnUrl=http%3a%2f%2fpevc.dowjones.com%3a80%2fArticle%3fan%3dDJFLBO0020130517e95how2hp%26cid%3d32135028%26ctype%3dts

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