Travelport Worldwide Ltd. is asking a court to block lenders from seizing cash or taking control of the business over a dispute with Elliott Management Corp., warning of a possible bankruptcy if they aren’t restrained by an injunction. The Elliott-backed booking platform filed papers in New York state court on Monday seeking to prohibit lenders from declaring more than $3 billion in debt immediately due and payable or exercising other rights stemming from an alleged debt default.

Source: Wall Street Journal July 13, 2020 22:57 UTC