3M Lawyer Lands Among Highest Paid After 23 Years at Company
Kevin Rhodes,
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.
Evidence from the criminal trial of Sam Bankman-Fried suggests fraud was built into FTX from the very beginning.
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.
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 lateral hiring took a nosedive last year, with associates bearing the brunt of the slowdown in demand from corporate clients.
Kevin Rhodes,
FTX co-founder <-bsp-person state="{"_id":"0000018e-859d-dd73-a18e-c79f5e8e0002","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Bankman-Fried-bsp-person> told the federal judge about to sentence him in his fraud case that he was “sorry.”
FTX Trading Ltd. promoters will pay $1.35 million to settle part of a multi-district litigation over the cryptocurrency trading platform’s collapse in 2022, according to a preliminary motion for approval of the deal.
<-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.-bsp-bb-link>, 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.
<-rte-company state="{"_id":"0000018e-856f-dd73-a18e-c76f95a00000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">B. Riley Financial Inc.-rte-company>, 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.
Inside <-rte-company state="{"_id":"0000018e-8554-dd73-a18e-c75735c40000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Eastman Kodak Co.-rte-company>, 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.
Billionaire <-bsp-person state="{"_id":"0000018e-8542-dd73-a18e-c747c6790000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Patrick Drahi’s-bsp-person> 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).
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-bsp-bb-link>, the long-troubled system across the river from Manhattan.
AMC Entertainment entered into an equity distribution agreement where it may offer and sell from time to time Class A common stock having an aggregate offering price of up to $250m.
(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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