Giuliani Hires ‘Close Friend’ as He Faces Mountain of Litigation
Rudolph Giuliani wants to hire a friend and associate as “special litigation counsel” while the former New York mayor takes on multiple legal challenges.
Bankruptcy Law News
Prison Health Company Bankruptcy Poses Hurdles for Inmates
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
Fourth Circuit Denies Speedy Appeal for Asbestos ‘Two-Step’ Case
Plaintiffs fighting Trane Technologies Plc’s attempt to use bankruptcy to resolve asbestos liabilities lost their bid for a fast-tracked appeal challenging the legality of the maneuver.
Small Businesses Included in Debt Discharge Limits, Court Says
Company debtors taking advantage of a 2019 federal provision meant to ease small business bankruptcy filings remain subject to an older bankruptcy rule that prohibits certain debts from being discharged, the Fifth Circuit said Wednesday.
IRS Liens Apply to Bankrupt Tax Debtor’s Jointly Owned Residence
A tax debtor can’t exempt the home he owns jointly with his wife from being leveraged in bankruptcy proceedings to pay the IRS, the Fourth Circuit affirmed Wednesday.
Purdue Approved for Up to $7.2 Million in Executive Bonuses
Purdue Pharma won a bankruptcy judge’s approval to pay up to $7.2 million in bonuses to three top executives.
Latest Stories
US Mortgage Rates Surge to Highest Since November, Hitting 7.1%
Mortgage rates in the US climbed past 7% for the first time this year.
Lender Inoculations Against Double Dip Will Spread, Moody’s Says
A new strategy to protect some creditors from losing their place in line to be repaid will spread quickly among big, direct-lending deals, analysts at Moody’s Ratings wrote in a new report.
Worker’s Bankruptcy Nondisclosure Doesn’t Nix Reinstatement Win
A Nashville schools executive will still get her old job back despite not disclosing in her personal bankruptcy the job retaliation claim that led a federal judge to order her reinstatement.
BancTrust Recommends Buying Venezuela Bonds on Election Outlook
<-bsp-bb-link state="{"bbHref":"bbg://securities/1799699D%20LN%20Equity","_id":"0000018e-f1e8-d583-afbf-f3fc7f170002","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">BancTrust & Co. upgraded its recommendation for Venezuelan government bonds to buy on increasing chances of a recognized presidential election in 2024.
Rio, Saudi Arabia Said Vying for First Quantum Mines Stake
<-bsp-bb-link state="{"bbHref":"bbg://securities/0730100D%20AU%20Equity","_id":"0000018e-f20a-d583-afbf-f2de537e0000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Rio Tinto Group and Saudi Arabia’s state-backed <-bsp-bb-link state="{"bbHref":"bbg://securities/2295975D%20AB%20Equity","_id":"0000018e-f20a-d583-afbf-f2de537e0001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Manara Minerals Investment Co. are among suitors considering bids for a stake in
Oi Presents New Restructuring Plan to Creditors
The updated plan will be discussed at a creditors’ meeting scheduled for Thursday at 2pm Brazil time, Oi says in a regulatory filing.
Azul Said in Talks With Gol Shareholder for Stock-Based Deal
<-rte-company state="{"_id":"0000018e-f1cf-d583-afbf-f3dfeac30002","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Azul SA’s pursuit of a merger with
Bruker Falls After Winning Auction to Buy NanoString Tech
(Adds share move in the first bullet, analyst comment starting in the second, background beginning in the fourth.)
Elevance Raises Forecast Amid Industry Cyberattack Concerns
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