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Essity's Attempt to Dismiss Bondholder Lawsuit Rejected by Court

Essity's Attempt to Dismiss Bondholder Lawsuit Rejected by Court

Bloomberg16-06-2025
A London judge rejected Essity AB 's request to dismiss a lawsuit by a group of bondholders including Oaktree Capital Management and Sona Asset Management, who claim the Swedish personal-care company breached debt terms and owe early repayment.
'There is a serious issue to be tried,' wrote Judge Timothy Fancourt of the London High Court in a judgment handed down on Monday. A lawyer for Essity had argued at a hearing in May that there wasn't, and that the plaintiffs who brought the suit aren't the 'proper parties' to bring such claims as they didn't directly hold the notes.
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