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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 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. 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 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.

Latest Stories

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. 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.

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., 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. and some of its creditors have entered into discussions regarding the company’s proposed distressed exchange, according to people with knowledge of the situation.

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. 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. 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 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.

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