A New York judge declined to clear Oaktree Capital Management LP and Ares Management Corp. of allegations that a $427.5 million rescue package for restaurant supplier TriMark USA LLC trampled the rights of other lenders, WSJ Pro Bankruptcy reported. A group of TriMark lenders can continue pressing claims that last year’s rescue deal ran afoul of the company’s debt contracts by vaulting Oaktree, Ares and others to the top of the payment line, according to the ruling issued on Monday by Justice Joel M. Cohen of the Supreme Court of the State of New York.
