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Bankruptcy Law News

Insurers Take on Victim Payouts in Supreme Court Bankruptcy Case

The Supreme Court on Tuesday will hear oral arguments in a dispute with significant implications for thousands of tort victims and hundreds of millions of dollars proposed settlements across several cases.

Crafts Retailer Joann Goes Bankrupt as Consumers Retreat

Fabric and crafts retailer <-rte-company state="{"_id":"0000018e-51eb-d509-adee-59fb774d0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Joann Inc. filed for bankruptcy, unable to sustain its debt load after a sales boom during pandemic lockdowns faded.

FTX Bankruptcy Trade Mints 200% Windfall and Sparks Legal Battle

Betting on the remains of FTX is lucrative—and complicated.

Fisker Pauses Production and Warns It May Seek Bankruptcy

<-rte-company state="{"_id":"0000018e-51cf-d509-adee-59dff57d0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Fisker Inc. is pausing production for the next six weeks as the electric-vehicle maker looks to rein in inventory and avoid possibly having to file for bankruptcy.

Kirkland Seeks Sanctions, Dismissal of Judge Romance Suit

Kirkland & Ellis moved to toss a lawsuit alleging it knew of a former Texas bankruptcy judge’s secret romantic relationship with a local attorney and wants its accuser and his lawyers slapped with sanctions.

Latest Stories

Americanas Postpones Earnings Release Until May 28

Americanas announces the postponement of its 2023 financial statements and quarterly information for the period ended March 31, scheduled for March 26 and May 15, respectively, according to a filing.

Xplore Mulls Spinoff to Raise Cash for Fiber Network Projects

Canadian high-speed internet service provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1994620D%20US%20Equity","_id":"0000018e-5390-d509-adee-5bd190bb0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Xplore Inc. has held talks about a possible breakup as it looks to raise cash to support fiber network projects, according to people familiar with the situation.

Oaktree-Backed STG Logistics Lenders Bring in Legal Counsel

Lenders to Oaktree Capital-backed <-bsp-bb-link state="{"bbHref":"bbg://securities/0517476D%20US%20Equity","_id":"0000018e-537f-d509-adee-5bff4d2a0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">STG Logistics organized with law firm <-bsp-bb-link state="{"bbHref":"bbg://securities/1128L%20US%20Equity","_id":"0000018e-537f-d509-adee-5bff4d2a0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Gibson Dunn & Crutcher for upcoming balance sheet talks, according to people with knowledge of the matter.

FDIC Offloads $10.5 Billion of SVB Loans That Hung Over Market

A risk that’s been <-bsp-bb-link state="{"bbDocId":"S0UF0QT0G1KW","_id":"0000018e-5352-d509-adee-5bd34fb80000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">hanging over an illiquid corner of the US credit market since last year’s banking crisis seems to have been quietly taken off the table.

Soho House Jumps on Go-Private Talks as Chair Rebukes Investors

<-rte-company state="{"_id":"0000018e-539e-d509-adee-5bdf4b7d0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Soho House & Co Inc. jumped the most in more than a year after its controlling shareholder hinted at progress around the members-only club going private, while bemoaning in a public letter that investors are focused on short-term profits.

Signa Creditors Back Restructuring Plans Dangling 30% Payout

Creditors of the two main property units in <-bsp-person state="{"_id":"0000018e-52d9-d509-adee-5bd973fb0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Rene Benko’s Signa conglomerate backed plans to sell off assets as part of a restructuring that’s expected to recoup about 30% of their money.

YPF Calls for Bids to Engineer LNG Plant With Petronas

Argentine state-run oil company <-rte-company state="{"_id":"0000018e-52d4-d509-adee-5bd5e0d30000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">YPF has launched a tender for engineering companies to submit design plans for floating liquefaction units for an LNG export terminal it <-bsp-bb-link state="{"bbDocId":"RHJWX4DWLU68","_id":"0000018e-52d4-d509-adee-5bd5e0d30001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">wants to build with Malaysia’s Petronas, according to a YPF press statement.

Evergrande Accused of Falsifying Revenue by $78 Billion

<-bsp-bb-link state="{"bbHref":"bbg://securities/3333%20HK%20Equity","_id":"0000018e-5455-d509-adee-5dd564740000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">China Evergrande Group, the defaulted developer at the heart of China’s real estate crisis, falsely inflated revenue by more than $78 billion in the two years leading up to its failure, according to the nation’s top securities regulator.

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