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Transatlantic tremors: how the Serta verdict is reshaping global debt restructuring
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On 7 July 2026 the United States Bankruptcy Court for the Southern District of Texas fundamentally altered the calculus of distressed debt restructuring. In a landmark memorandum opinion Judge Christopher Lopez ordered lenders who participated in Serta Simmons Bedding's 2020 liability management exercise (LME)1 to pay $261.13m in damages plus $142m in mandatory prejudgment interest to excluded minority lenders.2 The ruling culminates a six-year legal odyssey that began when Serta...
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