Pimco-Led Group Closer to Control of Batista’s Oil Unit

Overview


Timothy Walsh, representing a group of minority bondholders that objects to the restructuring plan for a bankrupt Brazilian oil company, said that the plan “is discriminatory because it gave one portion of bondholders rights and remedies that it didn’t give others. If the judge doesn’t sustain our objection, I strongly suspect we will file an appeal to the state court.”