Banks Sound Out Investors on Potential E.W. Scripps Debt Deal
Banks including
Rudolph Giuliani should be forced by a court to file overdue financial disclosures as part of his bankruptcy, his creditors said.
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-29cd-d583-afbf-ebdd43ba0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Dish Network Corp.-bsp-bb-link> 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-1b31-d583-afbf-dbfd4d9f0002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Casa Systems Inc.-rte-company>, which makes software and other products for cable television companies, won court approval to sell its cloud-based unit for $32.3 million to <-bsp-bb-link state="{"bbHref":"bbg://securities/2443736D%20US%20Equity","_id":"0000018f-1b31-d583-afbf-dbfd4d9f0003","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Lumine Group US Holdco Inc.-bsp-bb-link> in order to fund the rest of its bankruptcy case.
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.
Banks including
<-bsp-bb-link state="{"bbHref":"bbg://securities/917693Z%20US%20Equity","_id":"0000018f-2bb7-d4b6-a98f-ffb706da0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Sound Inpatient Physicians Inc.-bsp-bb-link> is in advanced discussions with a group of creditors for a deal that would extend the maturities of the hospital staffing firm’s first- and second-lien term loans to help stave off a cash crunch, according to people with knowledge of the situation.
<-bsp-bb-link state="{"bbHref":"bbg://securities/0282226D%20US%20Equity","_id":"0000018f-2bad-d4b6-a98f-ffbddf890000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Weiss Multi-Strategy Advisers LLC-bsp-bb-link> filed for bankruptcy about two months after the New York-based investment management firm announced it was winding down operations.
(Corrects story initially published on April 25 to make clear Oba is on a secondment assignment with MidOcean.)
<-rte-company state="{"_id":"0000018f-2b9b-d4b6-a98f-ffbf91020000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Sequoia Logistica e Transportes-rte-company> approved reverse split of 390m common shares, according to a regulatory filing.
Sex abuse claimants are challenging the Roman Catholic Diocese of Rockville Centre’s effort to get its bankruptcy thrown out, saying a dismissal would further deplete money available for creditors.
The Texas-based maker of Trojan branded electric golf carts filed Chapter 11 bankruptcy on Monday.
A prominent asbestos plaintiffs’ law firm was prevented from appealing bankruptcy court orders holding it in contempt and levying $400,000 in sanctions because the orders aren’t final, an appellate court said.
<-rte-company state="{"_id":"0000018f-2b4d-d4b6-a98f-ff7dbe200000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">WeWork Inc.-rte-company> and its major financial backers including <-bsp-bb-link state="{"bbHref":"bbg://securities/9984%20JP%20Equity","_id":"0000018f-2b4d-d4b6-a98f-ff7dbe200001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">SoftBank Group Corp.-bsp-bb-link> have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder
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