Minority bondholders defeat Italian ferry operator’s tortious interference claims

Ferry operator Moby SPA has failed to convince a New York court that an Italian noteholder and a US investment bank tried to foil its Italian restructuring by interfering with creditor relationships and trying to take over the company, in a case set to consider whether New York state legislation for the protection of free speech could be used to prevent parties from weaponising local courts against foreign insolvency proceedings.