Prison Health Company Bankruptcy Poses Unique Hurdles to Inmates
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
Rite Aid Corp. is facing pushback from junior creditors to its proposal to pay its new CEO $20 million under its bankruptcy exit plan.
Seafood restaurant chain <-bsp-bb-link state="{"bbHref":"bbg://securities/1012751D%20US%20Equity","_id":"0000018e-ed6a-d583-afbf-effe8beb0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Red Lobster-bsp-bb-link> is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.
Private equity-owned businesses accounted for a high number of bankruptcies in the health-care sector last year, and another wave of distress looms, according to a new report from an advocacy group that monitors the sector.
Failed crypto lender <-bsp-bb-link state="{"bbHref":"bbg://securities/2221345D%20US%20Equity","_id":"0000018e-e811-d583-afbf-eaddd6b00000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Genesis Global Capital-bsp-bb-link> won bankruptcy court approval on a pact with <-bsp-bb-link state="{"bbHref":"bbg://securities/1732972D%20US%20Equity","_id":"0000018e-e811-d583-afbf-eaddd6b00001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Gemini Trust Co.-bsp-bb-link> that resolves litigation between the companies and opens a path to freeing Earn program customers’ digital assets in the coming months.
Former bankruptcy Judge David R. Jones, Kirkland & Ellis LLP, and Jackson Walker LLP are likely to be hit with another lawsuit related to the previously undisclosed romantic relationship between Jones and a onetime Jackson Walker attorney.
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
WeWork co-founder Adam Neumann has made a fresh push to regain control of the company, FT reports, citing two unidentified people familiar with the matter.
Warren Buffett’s <-bsp-bb-link state="{"bbHref":"bbg://securities/BRK%7CA%20US%20Equity/RELS","_id":"0000018e-f067-d583-afbf-f2ff09e70000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Berkshire Hathaway Inc.-bsp-bb-link> priced ¥263.3 billion ($1.71 billion) of bonds in the firm’s largest yen debt deal since its debut sale in the currency in 2019, raising bets it may boost holdings of Japanese stocks.
Argentina’s Economy Minister <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Luis Caputo-bsp-person>told investors that President <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Javier Milei-bsp-person> is committed to a dramatic fiscal adjustment, helping fuel a rally in the nation’s bonds late on Wednesday.
President
23andMe Holding shares rose as much as 9.5% in extended trading after CEO Anne Wojcicki reported that she’s considering making a proposal to acquire the company in a potential go-private transaction.
Report lays out comprehensive timeline of events for Aug. 8-9 fire that destroyed historic town on Maui island.
<-bsp-bb-link state="{"bbHref":"bbg://securities/1721615D%20US%20Equity","_id":"0000018e-ee0a-d583-afbf-eedec4440000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Diamond Sports Group-bsp-bb-link> will hold a creditor vote on a bankruptcy-exit plan backed by Amazon.com Inc. while the broadcaster tries to negotiate new television deals with two major US sports leagues.
<-bsp-bb-link state="{"bbHref":"bbg://securities/9990531D%20US%20Equity","_id":"0000018e-edf8-d583-afbf-effc73d50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">KKR & Co.-bsp-bb-link> is preparing to refinance more than $4 billion of debt of medical transport provider <-bsp-bb-link state="{"bbHref":"bbg://securities/1677266D%20US%20Equity","_id":"0000018e-edf8-d583-afbf-effc73d50001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Global Medical Response Inc.-bsp-bb-link> by persuading creditors to accept longer-dated debt and by issuing new preferred stock, according to a person familiar with the arrangements.
NanoString Technologies says that following completion of the deal its business operations will no longer be the subject of a chapter 11 proceeding, according to a statement.
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