Ailing telecoms firm Global Crossing is facing a lawsuit that could derail its planned rescue.
Investors in the firm issued a class-action lawsuit against Global Crossing last week, complaining that the company's initial agreements with Hutchison and Singapore Technologies Telemedia (STT) would transfer billions of dollars of shares at "bargain-basement prices".
Last week, Global Crossing announced the deal with Hutchison and STT - a $750m cash offer in exchange for 60 per cent of the carrier - at the same time it filed for Chapter 11 bankruptcy protection.
The lawsuit alleged Global Crossing's executives' action "deprived shareholders of the equity in the company".
Global Crossing has the world's largest submarine cable network and total assets of more than £15.8bn ($22.4bn). It also has debts totalling £8.8bn ($12.4bn).
Cotton seedling freezes to death as Chang'e-4 shuts down for the Moon's 14-day lunar night
Fortnite easily out-earns PUBG, Assassin's Creed Odyssey and Red Dead Redemption 2 in 2018
Meteor showers as a service will be visible for about 100 kilometres in all directions
Saturn's rings only formed in the past 100 million years, suggests analysis of Cassini space probe data
New findings contradict conventional belief that Saturn's rings were formed along with the planet about 4.5 billion years ago