LOS ANGELES -- Lawyers for trustees of $1.65% billion of taxable municipal bonds plan to file legal appeals this week over a judge's decision to approve a modified rehabilitation plan for the failed Executive Life Insurance Co.

At the very least, the lawyers hope to convince a state appellate court to issue a stay that prevents the modified plan from closing until some of the opposing arguments can be considered.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.