Babson appeals Zais Investment Grade bankruptcy case dismissal denial

By Caroline Salls

Pittsburgh, Sept. 8 - Babson Capital Management LLC appealed an order denying a motion for dismissal of Zais Investment Grade Ltd. VII's involuntary Chapter 11 bankruptcy case, according to a Wednesday filing with the U.S. Bankruptcy Court for the District of New Jersey.

Babson will appeal to the U.S. District Court for the District of New Jersey.

As previously reported, Zais A-2 senior secured noteholders Hildene Capital Management and Hildene Opportunities Master Fund, Ltd. also appealed the Aug. 26 dismissal ruling.

Zais is a Cayman Islands-based investment company. The involuntary Chapter 11 case was filed on April 1, and the case number is 11-20243.

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