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Freshfields secures litigation win for Barings LLC

On March 10, 2021, Freshfields obtained for its client Barings LLC dismissal of a lawsuit brought against Serta Simmons Bedding LLC, Barings and certain other of Serta’s former first lien lenders who participated in Serta’s first-of-a-kind restructuring transaction.

On July 2, 2020, certain of Serta’s non-participating first lien lenders filed a lawsuit in the United States District Court for the Southern District of New York, seeking to unwind the transaction. The District Court granted the motions of the defendants, including Barings LLC, to dismiss the federal-court lawsuit for lack of subject matter jurisdiction.

The Freshfields team representing Barings was comprised of partner Madlyn Gleich Primoff and senior associate Henry Hutten.

ENDS

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Freshfields Bruckhaus Deringer LLP is a global elite law firm with a long-standing track record of successfully supporting the world's leading national and multinational corporations, financial institutions and governments on groundbreaking and business-critical mandates. Our 2,800-plus lawyers deliver results worldwide through our own offices and alongside leading local firms. Our commitment, local and multinational expertise, and business know-how means our clients rely on us when it matters most.

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This material is for general information only and is not intended to provide legal advice. Prior results do not guarantee a similar outcome.

The Freshfields team was led by: