Sacred Guarantees Survive: Lions Gate Notes Guarantee and Tortious Interference Claims Advance, Other Theories Fall Short
On March 17, 2026, Justice Joel M. Cohen of the New York Supreme Court, Commercial Division, issued a mixed ruling in CPPIB Credit Investments II Inc. v. Lions Gate Entertainment Corp., a dispute regarding Lions Gate’s liability management exercise. The Court held that minority noteholders had plausibly alleged that certain amendments to the indenture violated the “sacred rights” provision because those amendments modified the form of the notes guarantee and enabled the release of guarantors...By: Cadwalader, Wickersham & Taft LLP
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