Lenders Try to Block Sale of Neff Co.

     MANHATTAN (CN) – A long list of secured lenders sued Neff Co. and Bank of America to try to head off today’s proposed sale of Neff, the 11th-largest equipment-rental company in the nation. The lenders say Neff’s May 31, 2007 sale to Lightyear Capital for $946 million was funded by loans from secured lenders, and that today’s announced tender offer will unfairly elevate certain unsecured lenders to a status above theirs.

     Plaintiffs, second-lien holders, are represented in New York County Court by David Parker with Kleinberg, Kaplan & Wolff.

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