WARNING: This may be a PTSD trigger for those of you who were credit investors in 2008.

by

Kirkland & Ellis has withdrawn from representing Optimum after the company used a separate law firm to launch a lawsuit against creditors.

The antitrust complaint alleged that investors, including Apollo, Ares, and Oaktree, conspired via cooperation agreement to raise debt prices and make it more expensive to refinance. These types of creditor protections have made Kirkland’s job of negotiating for debtors significantly harder in recent years.

Kirkland, who represents many of the investors that were sued, has been facing heat since the lawsuit was filed. It looks like the heat finally became too much to bear. $ATUS $OPTU

Uh-oh! It looks like you're using an ad blocker.

Our website relies on ads and the generous support of readers like you to keep delivering free, high-quality content. Right now, we are facing serious funding challenges and we need your help more than ever. Disable your ad blocker and this message will vanish. You can also sign up for a membership to enjoy an ad-free experience while supporting our work: https://citizenwatchreport.com/plans/subscriptions/ Your support helps us stay independent, continue our work, and keep content free for everyone. We truly appreciate your understanding and thank you for standing with us.