Eighth Circuit Holds Failure to File Exchange Act Reports Not a Breach of Indenture Reporting Covenant or Trust Indenture Act
In the last several years, there have been a number of situations where issuers have failed to file reports with the SEC on a timely basis and bondholders alleged that such failure violated certain provisions of the Trust Indenture Act (“TIA”), that are incorporated into all public debt indentures.
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