Not anything to worry about. Any settlement will most likely be paid out by their insurance just like the last settlement. It won't have any effect on the company. Just noise.
Very little, the worst possible conclusion is their bonds are accepted.
They must have had an amount below the minimum as when doing an exchange offer they don't wan't to deal with fractional amounts for conversion.
My opinion is Cliffs wins the argument as there are laws about this that protect the company not the purchaser as I am quite confident the bond agreement has it outlined and covered.
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