RAIT Funding, LLC – Ad Hoc Committee of Equity Holders Requests Termination of Debtors’ Plan Exclusivity Period, Intends to Submit Competing Plan that Includes “At Least” $65mn of Equity Value

November 21, 2019 – The Debtors Ad Hoc Committee of Holders of Preferred Equity (the “Ad Hoc Committee”) filed a motion seeking to terminate the Debtors' exclusive Plan filing and solicitation periods with the intention to subsequently file "a fully funded and confirmable alternative" Plan (the "AHC Plan") [Docket No. 216]. The Ad Hoc Committee…