AMERICAS DISTRESS DAILY: Centerbridge Sues to End Bank Purchase

Centerbridge Partners LP seeks to terminate a deal to buy an Italian lender from Oaktree Capital Management LP signed shortly before the bank plunged into a crisis over allegations it lent to companies associated with the mafia.

In Other News:

• Cash-strapped discount retail chain Gabe’s is exploring strategic options including a potential capital injection to help shore up its reserves, according to people with knowledge of the matter.

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