AMERICAS DISTRESS DAILY: Funds Sue Redwood Over Restructuring

A trio of hedge funds sued European lingerie retailer Hunkemöller International BV and its lender Redwood Capital Management over a June restructuring transaction they said violated their rights as creditors in order to benefit Redwood and the company.

In Other News:

• Dye & Durham, a Canadian legal software firm that’s been under pressure from activist investors, climbs 12% after saying Matthew Proud plans to step down as CEO
• Lumen Technologies Inc. expected to accept $24 million 6.875% debenture and $275 million senior notes in its debt tender offer
• Spirit Airlines Inc. won court approval to sell five of the ...