A tissue of lies

Bondholders in American Tissue are hoping for a favorable court ruling in the lawsuit brought by the bankrupt paper manufacturer against its former investment bank Donaldson, Lufkin & Jenrette. Linda Corman untangles the evidence


Bankrupt paper manufacturer American Tissue has sued investment banker Donaldson, Lufkin & Jenrette on behalf of its creditors, charging that DLJ schemed to “financially pillage the company”, leading to its filing for bankruptcy and going out of business.

Bondholders of $165 million in notes issued in 1999 have been left $150 million out of pocket and participants in a $145 million credit facility are owed $100 million, according to a complaint filed in New York District Court for the Southern

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here