Toys "R" Us workers ratchet up the payment pressure

• The workers group also contacted the creditors who chose liquidation over keeping Toys open with a smaller footprint. So far it has spoken with B-4 lenders like Solus, Angelo Gordon and Oaktree, but hasn't gotten any commitments.
• To further pressure the creditors, the workers group is lobbying its public pension limited partners. For example, Toys workers either testified or made their presence known at recent meetings of Texas Teachers, Oregon Investment Council and Ohio Teachers. There also has been communication with officials in New Jersey, the former home of Toys' headquarters and a state that invests in at least on of the B-4 lenders.

The bottom line: When a general partner basically ignores you, going to its limited partners is usually an effective method for getting their attention.