Toys “R” Us braced for $50m hedge fund battle in UK, as US Trustee objects to Chapter 11 plan
The administrators of Toys “R” Us UK are facing a US$50 million claim from US hedge funds over an alleged charge held over the chain, while on the other side of the Atlantic the US Trustee has again objected to the Chapter 11 plans of some of the retailer’s US debtors.
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