Bankman-Fried Sentenced to 25 Years in Prison for FTX Fraud
FTX co-founder <-bsp-person state="{"_id":"0000018e-866b-d457-ad9e-dffb66ba0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Bankman-Fried-bsp-person> was sentenced to 25 years in prison for stealing billions of dollars from customers, marking the final chapter in a case that has upended the crypto industry.
Prison Medical Bankruptcy Judge to Rule Soon on Case’s Future
A bankruptcy judge said he plans to rule in the coming weeks on the validity of prison healthcare provider Tehum Care Services Inc.'s bankruptcy and on a proposed settlement with prisoners.
Pillsbury Prevails in Bankruptcy Client’s Malpractice Appeal
Pillsbury Winthrop Shaw Pittman LLP is protected from a potential malpractice suit brought by a formerly bankrupt luxury hotel owner thanks to liability releases in the hotel’s bankruptcy plan, an appellate court said.
Rite Aid Bondholders Offer Pharmacy Fresh Cash in Restructuring
<-rte-company state="{"_id":"0000018e-8619-dd73-a18e-c71f02980000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp.-rte-company> bondholders have agreed to provide $57 million to the retailer as part of a broader <-bsp-bb-link state="{"bbDocId":"SAYLHZT0AFB4","_id":"0000018e-8619-dd73-a18e-c71f02980001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">restructuring-bsp-bb-link> that would see bondholders take over the pharmacy chain, according to court papers and lawyers.
Giuliani Fights Creditors’ Bid to Force Palm Beach Condo Sale
Rudolph Giuliani urged a bankruptcy court to reject efforts by his creditors to force the sale of his Palm Beach, Fla. condominium, saying the request is premature and lacks a legal basis.
PRACTITIONER INSIGHTS
View More InsightsLatest Stories
Lumen Technologies Downgraded, Subsequently Re-Rated by Fitch
Lumen Technologies long-term issuer default rating downgraded to RD from CCC by Fitch and subsequently upgraded to reflect the new capital structure post its transaction support agreement.
Giuliani Fights Creditors’ Bid to Force Palm Beach Condo Sale
Rudolph Giuliani urged a bankruptcy court to reject efforts by his creditors to force the sale of his Palm Beach, Fla. condominium, saying the request is premature and lacks a legal basis.
New Jersey Diocese Plan Stayed to Argue High Court Implication
The Diocese of Camden’s court-approved bankruptcy plan will be put on hold for at least a few weeks, when a judge will consider the implications of two upcoming Supreme Court rulings.
Xplore in Talks with Creditors for Reprieve on Upcoming Payment
Canadian high-speed internet service provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1994620D%20US%20Equity","_id":"0000018e-8707-d457-ad9e-dfd7016d0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Xplore Inc.-bsp-bb-link> is in negotiations with some of its creditors for a forbearance related to an end-of-month interest payment, according to people familiar with the situation.
Prison Medical Bankruptcy Judge to Rule Soon on Case’s Future
A bankruptcy judge said he plans to rule in the coming weeks on the validity of prison healthcare provider Tehum Care Services Inc.'s bankruptcy and on a proposed settlement with prisoners.
Abry-Backed Alvaria Scores New Capital in Restructuring Deal
<-bsp-bb-link state="{"bbHref":"bbg://securities/1882244D%20US%20Equity","_id":"0000018e-86e6-d457-ad9e-dff7f4360000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Alvaria Inc.-bsp-bb-link>, a provider of software to call centers, struck a deal with lenders to raise fresh cash and restructure existing debt, according to people with knowledge of the agreement.
Cumulus, Creditors in Discussions Over Proposed Debt Exchange
<-rte-company state="{"_id":"0000018e-86e2-d457-ad9e-dff361490000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Cumulus Media Inc.-rte-company> and some of its creditors have entered into discussions regarding the company’s proposed distressed exchange, according to people with knowledge of the situation.
Pillsbury Prevails in Bankruptcy Client’s Malpractice Appeal
Pillsbury Winthrop Shaw Pittman LLP is protected from a potential malpractice suit brought by a formerly bankrupt luxury hotel owner thanks to liability releases in the hotel’s bankruptcy plan, an appellate court said.
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-86b0-d457-ad9e-dff104a40002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">record highs-bsp-bb-link>. Meme stocks are <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAZ10BT0G1KW","_id":"0000018e-86b0-d457-ad9e-dff104a50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">soaring-bsp-bb-link>. And shares of Donald Trump’s <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAYYV6T1UM0W","_id":"0000018e-86b0-d457-ad9e-dff104a50001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">unprofitable social-media company-bsp-bb-link> spiked, adding billions to the former <-bsp-bb-link state="{"bbHref":"bbg://news/stories/SAZ9CWDWLU68","_id":"0000018e-86b0-d457-ad9e-dff104a50002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">president’s net worth-bsp-bb-link>.
EXPLORE BLOOMBERG LAW
Get the latest legal, regulatory, and enforcement news and analysis, as well as in-depth business and industry covering in the following areas: