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New Jersey Diocese Insurers Say Deal Hinges on High Court

The Diocese of Camden’s court-approved bankruptcy plan, establishing an $87.5 million trust for child sex abuse survivors, should be put on hold pending upcoming decisions by the US Supreme Court, a group of insurers said.

Bankman-Fried’s Original Sin at FTX Is Trouble for All of Crypto

Evidence from the criminal trial of Sam Bankman-Fried suggests fraud was built into FTX from the very beginning.

Fox Rothschild, Others Challenged Over Bid in Talc Bankruptcy

Claimants of a defunct Berkshire Hathaway Inc.-affiliated talc supplier and the Justice Department are challenging the formation of an official committee of law firms and professionals who’ve represented the company, saying it’ll disrupt mediation and create additional costs.

Boy Scouts Trustee Presses to Toss Abuse Claimant’s Insurer Suit

The trustee overseeing the Boy Scouts of America’s sex abuse settlement distributions is pushing to revive her bid to block a lawsuit against certain insurers.

Law Firm Hiring Plummets 35% Amid Layoffs, Slow Demand

Law firm lateral hiring took a nosedive last year, with associates bearing the brunt of the slowdown in demand from corporate clients.

Latest Stories

Xplore in Talks with Creditors for Reprieve on Upcoming Payment

Canadian high-speed internet service provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1994620D%20US%20Equity","_id":"0000018e-8707-d457-ad9e-dfd7016d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Xplore Inc. is in negotiations with some of its creditors for a forbearance related to an end-of-month interest payment, according to people familiar with the situation.

Abry-Backed Alvaria Scores New Capital in Restructuring Deal

<-bsp-bb-link state="{"bbHref":"bbg://securities/1882244D%20US%20Equity","_id":"0000018e-86e6-d457-ad9e-dff7f4360000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Alvaria Inc., a provider of software to call centers, struck a deal with lenders to raise fresh cash and restructure existing debt, according to people with knowledge of the agreement.

Cumulus, Creditors in Discussions Over Proposed Debt Exchange

<-rte-company state="{"_id":"0000018e-86e2-d457-ad9e-dff361490000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Cumulus Media Inc. and some of its creditors have entered into discussions regarding the company’s proposed distressed exchange, according to people with knowledge of the situation.

Meme Stocks, Crypto and Trump SPAC Herald Retail Trading Shift

Stocks and crypto have surged to <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SB0XWCT1UM0W","_id":"0000018e-86b0-d457-ad9e-dff104a40002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">record highs. Meme stocks are <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAZ10BT0G1KW","_id":"0000018e-86b0-d457-ad9e-dff104a50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">soaring. And shares of Donald Trump’s <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAYYV6T1UM0W","_id":"0000018e-86b0-d457-ad9e-dff104a50001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">unprofitable social-media company spiked, adding billions to the former <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAZ9CWDWLU68","_id":"0000018e-86b0-d457-ad9e-dff104a50002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">president’s net worth.

Kodak’s Pension Windfall Points to $137 Billion Opportunity

Inside <-rte-company state="{"_id":"0000018e-8686-d457-ad9e-dfd7d19a0001","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Eastman Kodak Co., the once-iconic camera maker, a small pension investment team reaped such large gains in recent years that they windfalled themselves out of a job.

Troubled New Jersey Hospitals Tap Insight to Rescue Finances

A Michigan company that rescued a bankrupt Chicago hospital has stepped in to run operations at <-bsp-bb-link state="{"bbHref":"bbg://securities/1822065D%20US%20Equity","_id":"0000018e-8686-d457-ad9e-dfd7d19a0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CarePoint Health, the long-troubled system across the river from Manhattan.

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