A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
Plaintiffs fighting Trane Technologies Plc’s attempt to use bankruptcy to resolve asbestos liabilities lost their bid for a fast-tracked appeal challenging the legality of the maneuver.
Company debtors taking advantage of a 2019 federal provision meant to ease small business bankruptcy filings remain subject to an older bankruptcy rule that prohibits certain debts from being discharged, the Fifth Circuit said Wednesday.
A tax debtor can’t exempt the home he owns jointly with his wife from being leveraged in bankruptcy proceedings to pay the IRS, the Fourth Circuit affirmed Wednesday.
Purdue Pharma won a bankruptcy judge’s approval to pay up to $7.2 million in bonuses to three top executives.
<-rte-company state="{"_id":"0000018e-f70d-d583-afbf-f7dde6380000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">GTT names Jean-Baptiste Choimet as CEO as of June 12, 2024, according to <-bsp-bb-link state="{"bbDocId":"SC74ZRMB2SJX","_id":"0000018e-f70d-d583-afbf-f7dde6380001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement.
<-bsp-bb-link state="{"bbHref":"bbg://securities/0919647D%20MM%20Equity","_id":"0000018e-f6e9-d583-afbf-f6fddcd60000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Total Play Telecomunicacionesswapped about 90% of its bonds coming due next year, ending a drawn out saga over refinancing that drove the credit into distressed territory a little over a year ago.
Total Play says amount refinanced is sum of the private exchange of $213.5 million of senior notes due 2025, announced in February, and the amount accepted from the exchange offer for $305.5 million from the remaining $361.5 million of such notes.
<-bsp-bb-link state="{"bbHref":"bbg://securities/3620327Z%20US%20Equity","_id":"0000018e-f63b-d583-afbf-f6ff74620000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
The best rally in emerging markets this year hinges on the popularity of one person: <-bsp-person state="{"_id":"0000018e-f63b-d583-afbf-f6ff74630000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Daniel Noboa, the 36-year-old heir to a banana fortune.
Company’s creditors approved the company’s judicial recovery plan, with negotiated adjustments, Oi said in a regulatory filing.
Commitments are due Friday on a $750 million term loan for Permian Basin operator Brazos Midstream as activity in primary debt markets wind down to end a volatile week. Elsewhere, Apollo and Sony Group are considering a joint offer for Paramount Global, potentially offering an alternative bid amid the film and TV company’s talks with <-bsp-person state="{"_id":"0000018e-f624-d583-afbf-f6fc6d6a0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">David Ellison’s Skydance Media.
Lisa Blatt isn’t afraid to tell a US Supreme Court justice they’re making stuff up, inject herself in her own hypotheticals, or talk like she’s debating friends at a bar.
(Updates with Maduro’s comments on April deals in fifth bullet.)
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