A lender group to
Personal injury claimants are appealing a judge’s decision allowing distressed prison healthcare provider Tehum Care Services Inc.'s bankruptcy to proceed.
Mallinckrodt Plc, which used Chapter 11 to resolve opioid liability, doesn’t have to pay royalty payments on a lucrative drug, an appellate court said.
Paul Weiss has been stymied in its effort to open a Houston office, as top equity partners at rival firms spurned recruitment efforts.
The operator of New York-area restaurant chain Sticky’s Finger Joint has filed for bankruptcy, in part blaming work-from-home trends and “unprecedented” chicken and potato price increases.
Billionaires who built their <-bsp-bb-link state="{"bbHref":"bbg://screens/RICH","_id":"0000018f-20fc-d583-afbf-e2fc7db50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">fortunes rolling out wireless networks when debt cost almost nothing are seeing their wealth crimped by higher borrowing costs and caution among money managers on the outlook for the industry.
Welcome to The Brink. We’re Nicolle Yapur in Bogota and Zijia Song in New York, and we’re looking into what could herald the beginning of a complicated debt restructuring in Venezuela. We also have the latest on Thames Water, AMC and Hertz. Follow this link to subscribe. Send us feedback and tips at debtnews@bloomberg.net or DM on X to @NicolleYapur.
A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.
Bondholders of struggling <-bsp-bb-link state="{"bbHref":"bbg://securities/56938Z%20US%20Equity","_id":"0000018f-1d28-d583-afbf-dffcd4e70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Dish Network Corp. sued the satellite-TV provider, demanding it unwind transfers that they said put valuable assets out of the hands of creditors and violated lending terms.
<-rte-company state="{"_id":"0000018f-1ccd-d583-afbf-deddecb20000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Republic First Bank became the latest smaller lender to succumb to pressures of higher interest rates on Friday when it was closed by regulators — with most of its deposits and assets acquired by Fulton Bank.
Pennsylvania’s Fulton Bank will assume “substantially” all deposits of Philadelphia-based Republic First Bank, the FDIC says in a statement.
Citigroup remains long government and state oil company bonds from Venezuela sees upside for the notes as the probability of a restructuring increases, strategists led by <-bsp-person state="{"_id":"0000018f-1c5f-d583-afbf-dedf6b7b0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Donato Guarino write in a note to clients.
MedMen Enterprises said it has entered bankruptcy proceedings.
Rudolph Giuliani should be forced by a court to file overdue financial disclosures as part of his bankruptcy, his creditors said.
Kirkland & Ellis LLP said it doesn’t have a conflict of interest that would prevent it from representing genetic testing company Invitae Corp. in the company’s Chapter 11 case—pushing back against objections from the US Trustee and creditors.
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