Hedge Fund News From HedgeCo.Net

Lender, hedge fund face off over fate of RadioShack

ABC – A legal brawl between lenders erupted in bankruptcy court on Wednesday on the eve of a court hearing to consider results of an auction of RadioShack Corp. assets this week.

Salus Capital Partners, which provided a term loan to the Fort Worth-based consumer electronics retailer in 2013 and then blocked the company’s plan to close hundreds of stores, urged the bankruptcy judge not to approve the sale of more than 1,700 stores to the hedge fund Standard General, alleging its bid was “fundamentally flawed and unfair.”

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