Venezuela, Vietnam Sign Oil, Petrochemical Deals
(Updates with Maduro’s comments on April deals in fifth bullet.)
A distressed prison health-care company is forcing complex corporate bankruptcy machinations onto inmates, a group with limited access to legal information.
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.
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.
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 Pharma won a bankruptcy judge’s approval to pay up to $7.2 million in bonuses to three top executives.
(Updates with Maduro’s comments on April deals in fifth bullet.)
California’s already strained property insurance market is facing a new challenge as two more insurers, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co., plan to withdraw from the wildfire-prone state entirely starting in July.
<-bsp-bb-link state="{"bbHref":"bbg://securities/1669618D%20US%20Equity","_id":"0000018e-f307-d583-afbf-f3dfeae20000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">EyeCare Partners LLC-bsp-bb-link>is nearing a deal that would slash its debt load while also providing it with fresh money from a group of creditors, according to people with knowledge of the situation.
Community Health Systems said it will sell its Tennessee hospital Tennova Healthcare – Cleveland to Hamilton Health Care System for $160m in cash.
Childhood victims of sex abuse would be given more tools to navigate the complexity of bankruptcies under a bipartisan proposal from House lawmakers.
Troutman Pepper Hamilton Sanders and Locke Lord are discussing a merger that would place the combined firm among the 30 largest by revenue, boosting the operation’s ability to compete with large rivals.
Drug store chain <-rte-company state="{"_id":"0000018e-f247-d583-afbf-f2dfb67e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp.-rte-company> put off a key court hearing in order to complete a deal that would cut $2 billion in debt, resolve lawsuits related to opioid prescriptions and end the company’s six-month-old bankruptcy.
Rudolph Giuliani wants to hire a friend and associate as “special litigation counsel” while the former New York mayor takes on multiple legal challenges.
Mortgage rates in the US climbed past 7% for the first time this year.
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.
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