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.
Bankruptcy Law News
Rite Aid Creditors Blast Bankruptcy Plan’s $20 Million for CEO
Rite Aid Corp. is facing pushback from junior creditors to its proposal to pay its new CEO $20 million under its bankruptcy exit plan.
Red Lobster Mulls Filing for Bankruptcy to Fix Balance Sheet
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 is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.
PE-Owned Health Care Saw Bankruptcy Surge as Playbook Failed
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.
Genesis Wins Approval on Gemini Pact to Free Earn Users’ Assets
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 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. that resolves litigation between the companies and opens a path to freeing Earn program customers’ digital assets in the coming months.
Kirkland, Jackson Walker to Be Sued Over Judge Romance Again
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.
Latest Stories
WeWork Co-Founder Neumann Prepared to Beat Any Bid by 10%: FT
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.
Berkshire’s Yen Bond Sale Gives Buffett More Cash to Buy Stocks
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. 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.
Caputo Speech At JPMorgan Event Helps Propel Argentine Bonds
Argentina’s Economy Minister <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Luis Caputotold investors that President <-bsp-person state="{"_id":"0000018e-eeab-d583-afbf-eeff070e0001","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Javier Milei is committed to a dramatic fiscal adjustment, helping fuel a rally in the nation’s bonds late on Wednesday.
US to Reinstate Venezuela Sanctions, Says Maduro Broke Deal
President
23andMe CEO Wojcicki Considering Making Go-Private Proposal
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.
Hawaii AG Issues Report on Deadly August Lahaina Fire
Report lays out comprehensive timeline of events for Aug. 8-9 fire that destroyed historic town on Maui island.
Sports Broadcaster Diamond to Hold Vote on Reorganization
<-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 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.
KKR Plans Debt Overhaul at Medical Transport Provider GMR
<-bsp-bb-link state="{"bbHref":"bbg://securities/9990531D%20US%20Equity","_id":"0000018e-edf8-d583-afbf-effc73d50000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">KKR & Co. 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. by persuading creditors to accept longer-dated debt and by issuing new preferred stock, according to a person familiar with the arrangements.
Bruker to Buy NanoString Technologies for About $392.6M in Cash
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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