A new type of bearish investor is becoming more common — one that bets against a company's ability to pay back debt.
Those in the group, known as "net-short debt activists," claimed their latest victim Monday as the rural telecom company Windstream Holdings filed for bankruptcy after losing a crucial legal ruling.
In a recent memo, a group of attorneys from the law firm Wachtell, Lipton, Rosen & Katz lamented the recent rise of this investment practice.
The lawyers from Wachtell Lipton also...
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