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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

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-8606-dd73-a18e-c707bcbc0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">record highs. Meme stocks are <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAZ10BT0G1KW","_id":"0000018e-8606-dd73-a18e-c707bcbc0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">soaring. And shares of Donald Trump’s <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAYYV6T1UM0W","_id":"0000018e-8606-dd73-a18e-c707bcbc0002","_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-8606-dd73-a18e-c707bcbd0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">president’s net worth.

Altice France Rating Cut by S&P With Drahi Racing to Lower Debt

S&P Global Ratings lowered <-bsp-bb-link state="{"bbHref":"bbg://securities/0915579D%20LX%20Equity","_id":"0000018e-8602-dd73-a18e-c70713290000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Altice France SA’s credit rating, adding further pressure on the collateralized loan obligations holding the debt.

Bankman-Fried Sentencing a Harbinger of Crypto Trials to Come

FTX co-founder Sam Bankman-Fried was sentenced to 25 years in prison. The decision sets the tone for others accused of crimes involving digital assets, including former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky, Terraform Labs Pte co-founder Do Kwon and Binance Holdings Ltd. founder Changpeng Zhao.

Zepbound in Short Supply at Amazon, Rite Aid, Pharmacies Confirm

<-rte-company state="{"_id":"0000018e-8614-dd73-a18e-c717fb660000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp. and Amazon Pharmacy confirmed that Eli Lilly & Co.’s new weight-loss drug Zepbound is in short supply, as patient, pharmacist and doctor complaints mount.

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