MARCY S. FRIEDMAN, J.
These four related actions seek payment of principal and interest on notes issued in public offerings. Three of the actions were brought to recover on PIK Notes (PIK Notes or Notes). Plaintiffs in these actions are Cortlandt Street Recovery Corp. (Cortlandt), an assignee for collection, and/or Wilmington Trust Co. (WTC), the indenture trustee. The fourth action was brought by Cortlandt to recover on Subordinated Notes (Sub Notes or Notes). All...
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