IN RE: RADIOSHACK CORPORATION, et al., Debtors.
Salus Capital Partners, LLC, in its capacity as Agent, Plaintiff,
v.
Standard Wireless Inc.; General Wireless Inc.; Standard General L.P.; General Retail Holdings L.P.; General Retail Funding LLC; Litespeed Master Fund, Ltd.; Litespeed Management, L.L.C.; Cantor Fitzgerald Securities LLC; Bluecrest Multi Strategy Credit Master Fund Limited; DW Catalyst Master Fund, Ltd.; DW Value Master Fund, Ltd.; Saba Capital Management, LL; Macquarie Credit Nexus Master Fund Limited; Taconic Opportunity Master Fund L.P.; Taconic Master Fund 1.5 L.P.; T. Rowe Price Associates, Inc.; Mudrick Capital Management, LP.; And Jon Does #1-50, Defendants.
United States Bankruptcy Court, D. Delaware.https://leagle.com/images/logo.png
Signed May 11, 2016.
Signed May 11, 2016.
Attorney(s) appearing for the Case
SKADDEN, ARPS, SLATE MEAGHER & FLOM LLP Anthony W. Clark (I.D. No. 2015) Jason Liberi (I.D. No. 4425) One Rodney Square P.O. Box 636 Wilmington, DE 19899 and Jay M. Goffman Mark A. McDermott Four Times Square New York, NY 10036, Counsel for Plaintiff Salus Capital Partners, LLC, as agent, with respect to claims against Defendants Cantor Fitzgerald Securities LLC, BlueCrest Multi Strategy Credit Master Fund Limited, DW Catalyst Master Fund, Ltd., DW Value Master Fund, Ltd., Saba Capital Management, LP, Macquarie Credit Nexus Master Fund Limited, Taconic Opportunity Master Fund, L.P., Taconic Master Fund 1.5 L.P., Mudrick Capital Management LP., and John Does #1-50
CHOATE, HALL & STEWART LLP John F. Ventola Douglas R. Gooding Sean M. Monahan Two International Place Boston, Massachusetts 02110, Counsel for Plaintiff Salus Capital Partners, LLC, as agent, with respect to claims against Defendants Standard Wireless Inc., General Wireless Inc., Standard General L.P., General Retail Holdings L.P., General Retail Funding LLC, Litespeed Master Fund, Ltd., Litespeed Management, L.L.C., and T. Rowe Price Associates, Inc.
YOUNG CONAWAY STARGATT & TAYLOR LLP C. Barr Flinn (No. 4092) Kenneth J. Enos (No. 4544) Rodney Square 1000 North King Street Wilmington, DE 19801 and GOODWIN PROCTOR LLP Brian D. Hail, Esquire The New York Times Building 620 Eighth Avenue New York, NY 10018, Counsel to Litespeed Management L.L.C. and Litespeed Master Fund, Ltd and Affiliates
MEMORANDUM OPINION2
Brendan Linehan Shannon, Chief United States Bankruptcy Judge.
I. INTRODUCTION
On December 10, 2013 — roughly 14 months before the commencement of its Chapter 11 case — RadioShack entered into a new $835 million financing arrangement with two distinct sets...
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