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FTX Crypto Fans Fight Claim That ‘Sam Coins’ Are Worthless

A small group of <-bsp-bb-link state="{"bbHref":"bbg://securities/1738202D%20US%20Equity","_id":"0000018e-7c83-d509-adee-7dd359430001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTX Tradingcustomers are demanding hundreds of millions of dollars from the bankrupt crypto firm, claiming that three digital tokens known as “Sam Coins” deserve a payout even though they are closely associated with convicted fraudster <-bsp-person state="{"_id":"0000018e-7c83-d509-adee-7dd359430002","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Sam Bankman-Fried.

Alex Jones, Infowars Bankruptcies Set to Speed Up With Mediator

The bankruptcy cases for conspiracy theorist Alex Jones and his online media platform need a judicial mediator to help facilitate a quick resolution with families of Sandy Hook School shooting victims, a trustee said.

Yellow Aims to Toss Teamsters’ $257 Million Bankruptcy Claim

Bankrupt Yellow Corp. is seeking to block a Teamsters effort to assert about $257 million in debt it says the fallen trucker owes in benefit liability.

3M Gets Enough Participation to Seal $6 Billion Earplug Pact

3M Co.‘s agreement to pay service members with hearing loss $6 billion has garnered more than 99% participation by claimants who used its combat earplugs, surpassing a threshold for finalizing the deal, the company said Tuesday.

Litigation Finance Industry Shrinks After Years of Growth

Investors slowed the flow of new money into lawsuits last fiscal year, as it became more difficult to raise capital for litigation finance.

Latest Stories

CREDIT DAYBOOK AMERICAS: ADT to Reprice Loan; Home Deport Buyout

Security-services provider ADT’s $1.38 billion deal is among three leveraged loans due on Thursday as credit markets wind down ahead of the Easter holiday. Home Depot plans to buy SRS Distribution in a deal valued at about $18.25 billion to be funded through cash and debt.

Troubled NJ Hospital Chain Taps Insight to Stabilize Finances

A Michigan company that rescued a bankrupt Chicago hospital has stepped in to run operations at <-bsp-bb-link state="{"bbHref":"bbg://securities/1822065D%20US%20Equity","_id":"0000018e-8366-dd73-a18e-c76785a90000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">CarePoint Health, the long-troubled system across the river from Manhattan.

Fox Rothschild, Others Challenged Over Bid in Talc Bankruptcy

Claimants of a defunct Berkshire Hathaway Inc.-affiliated talc supplier and the Justice Department are challenging the formation of an official committee of law firms and professionals who’ve represented the company, saying it’ll disrupt mediation and create additional costs.

Jefferies’ Ex-Navy SEAL Gains Edge in Distressed-Debt Deals

At <-rte-company state="{"_id":"0000018e-8249-dd73-a18e-c74fec710000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Jefferies Financial Group Inc., a small group of traders and analysts run by a former Navy SEAL is having an outsized impact in the crowded and contentious world of distressed debt.

B. Riley Gets Extension From Nomura to File Audited Financials

<-rte-company state="{"_id":"0000018e-81b2-dd73-a18e-c7b7db110000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">B. Riley Financial Inc., the boutique investment bank facing questions about its dealings with a former business partner, gained extra time from lenders to provide its audited 2023 financial statements.

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