Serta Simmons wins court victory over Leon Black’s Apollo lawsuit

Serta Simmons has foiled efforts by Apollo Global Management, which is run by billionaire Leon Black, to stop a controversial debt restructuring in a precedent-setting move that could roil the debt markets. New York State Supreme Court Judge Andrea Masley ruled over the weekend the mattress seller could move forward on a plan to restructure $1.95 billion… Continue reading at New York Post