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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

Country Garden Delays Results, Expects Trading Suspension

<-bsp-bb-link state="{"bbHref":"bbg://securities/2007%20HK%20Equity","_id":"0000018e-858b-dd73-a18e-c78f0fca0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Country Garden Holdings Co., one of China’s biggest property developers, warned it will miss a deadline for reporting annual results, further complicating plans to restructure its debt following a default last year.

B. Riley Rises After Nomura Extends Date for Audited Financials

<-rte-company state="{"_id":"0000018e-856f-dd73-a18e-c76f95a00000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">B. Riley Financial Inc., the boutique investment bank facing questions about its dealings with a former business partner, jumped as much as 15% after gaining extra time to supply missing financial data to its lenders.

Kodak’s Pension Windfall Points to a $137 Billion Opportunity

Inside <-rte-company state="{"_id":"0000018e-8554-dd73-a18e-c75735c40000","_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.

How Altice Can Push Its Creditors to Cut Billions of Debt: Q&A

Billionaire <-bsp-person state="{"_id":"0000018e-8542-dd73-a18e-c747c6790000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Patrick Drahi’s Altice is asking creditors to agree to losses as the company’s embattled French telecommunications arm pushes to slash a debt burden of almost €25 billion ($27 billion).

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-852a-dd73-a18e-c72ff88d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CarePoint Health, the long-troubled system across the river from Manhattan.

CORRECT: CREDIT DAYBOOK AMERICAS: ADT to Reprice; Home Depot

(Corrects spelling in headline.) Security-services provider ADT’s $1.38 billion deal is among three leveraged loans due on Thursday as credit markets wind down ahead of the Easter holiday. Home Depot plans to buy SRS Distribution in a deal valued at about $18.25 billion to be funded through cash and debt.

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