Selecta
After consent solicitations, an ad hoc group directed enforcement of a Dutch share pledge, transferring the group for €1. The debt was reinstated in new tranches with €330 million of new money. Excluded holders sued in New York, including under antitrust law, and in the Netherlands.
Discussed in Liability Management Exercises: Law and Practice at ¶¶ 2.55, 2.91, 6.53, 9.59, 10.62, 12.58, 14.23, 14.43–14.47, 14.49–14.50, 20.40, 21.25, 21.30–21.31, 21.43, 21.67, 24.37.