UPDATED with Relativity statement, 5:04 PM: Peace has broken out in Relativity's effort to emerge from Chapter 11 bankruptcy protection, the studio's lawyer told the U.S. Bankruptcy Court today. One of its most vigorous challengers — Manchester Parties, controlled by Paul Singer's hedge fund Elliott Associates — agreed to withdraw its objections to the process to sell the studio's assets after Relativity made concessions designed to protect the lenders' interests.
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