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Bankruptcy Law News

Rudy Giuliani’s Missed Financial Disclosures Anger Creditors

Rudolph Giuliani should be forced by a court to file overdue financial disclosures as part of his bankruptcy, his creditors said.

Texas Power Prices Signal Grid Stress in Long, Hot Summer Repeat

A surge in Texas power prices for August suggests another summer of heavy electricity demand — and potential grid strain — to meet air-conditioning needs.

Dish Bondholders Sue Struggling Company Over Asset Transfers

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. 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.

Cable Services Company Casa Sells Cloud Unit to Fund Bankruptcy

<-rte-company state="{"_id":"0000018f-1b31-d583-afbf-dbfd4d9f0002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Casa Systems Inc., 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. in order to fund the rest of its bankruptcy case.

Kirkland Defends Invitae Representation Amid Conflict Claims

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.

Latest Stories

Sequoia Approves Reverse Split of 390M Common Shares

<-rte-company state="{"_id":"0000018f-2b9b-d4b6-a98f-ffbf91020000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Sequoia Logistica e Transportes approved reverse split of 390m common shares, according to a regulatory filing.

WeWork Cuts New Restructuring Deal That Spurns Adam Neumann

<-rte-company state="{"_id":"0000018f-2b4d-d4b6-a98f-ff7dbe200000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">WeWork Inc. 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. have struck a new restructuring deal to get the ailing workspace provider out of bankruptcy, spurning a competing financing proposal from co-founder Adam Neumann.

JPMorgan Looks to Fend Off Private Credit on $1 Billion ASC Loan

JPMorgan Chase & Co.’s leveraged finance desk and Goldman Sachs Group Inc.’s private credit team are among the firms in discussions to lead a $1.05 billion financing for metal and hardware producer <-bsp-bb-link state="{"bbHref":"bbg://securities/0130828D%20US%20Equity","_id":"0000018f-2ae9-d4b6-a98f-fffd09bb0002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">ASC Engineered Solutions, according to a person familiar with the matter.

TotalEnergies Said Among Suitors for AES Brazil Power Unit

<-rte-company state="{"_id":"0000018f-2ae8-d4b6-a98f-fffd37ee0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">TotalEnergies <-bsp-bb-link state="{"bbHref":"bbg://securities/TTE%20FP%20Equity","_id":"0000018f-2ae8-d4b6-a98f-fffd37ee0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">SE has emerged as one of the contenders for the assets of AES Corp. in Brazil, competing against <-rte-company state="{"_id":"0000018f-2ae8-d4b6-a98f-fffd37ee0003","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">China Three Gorges Corp. and Sao Paulo-based <-rte-company state="{"_id":"0000018f-2ae8-d4b6-a98f-fffd37ef0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Auren Energia SA, according to people familiar with the matter.

CREDIT DAYBOOK AMERICAS: Abu Dhabi Wealth Fund Debut Dollar Bond

Abu Dhabi’s sovereign wealth fund is set to <-bsp-bb-link state="{"bbDocId":"SCOXPXT0G1KW","_id":"0000018f-299f-d583-afbf-ebdf72620000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">debut its first dollar bond. Meanwhile, Blackstone made a <-bsp-bb-link state="{"bbDocId":"SCOXMKT0AFB4","_id":"0000018f-299f-d583-afbf-ebdf72620001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">fresh offer for Hipgnosis Songs Fund, intensifying a bidding war for the owner of song catalogs from Blondie, the Kaiser Chiefs and the Red Hot Chili Peppers.

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