Giuliani’s Son, Former Aide Hit With Subpoenas in Asset Search
Rudolph Giuliani’s creditors expanded their probe into the former New York mayor’s finances, filing more than a dozen subpoenas in his bankruptcy case on Friday.
Bankruptcy Law News
Lawmakers Seek Bankruptcy Law Changes for Child Sex Abuse Cases
Childhood victims of sex abuse would be given more tools to navigate the complexity of bankruptcies under a bipartisan proposal from House lawmakers.
Rite Aid Delays Key Hearing on Bankruptcy Exit, Deal to Cut Debt
Drug store chain <-rte-company state="{"_id":"0000018e-f247-d583-afbf-f2dfb67e0000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">Rite Aid Corp. 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.
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.
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.
Latest Stories
FTX Investors Settle With Sam Bankman-Fried to Pursue Promoters
A group of <-bsp-bb-link state="{"bbHref":"bbg://securities/2119544D%20BM%20Equity","_id":"0000018e-f7f2-d583-afbf-f7fec7f90000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">FTXinvestors and customers has agreed to drop their claims against co-founder
Florida-Based Tijuana Flats Restaurant Chain Files Bankruptcy
<-bsp-bb-link state="{"bbHref":"bbg://securities/1307471D%20US%20Equity","_id":"0000018e-f7bb-d583-afbf-f7ffd6020000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Tijuana Flats, a casual Mexican restaurant chain located primarily in Florida, has filed bankruptcy with a deal to sell the business to new owners.
Judges Mull Defining ‘Moving Target’ AI in Evidence Rules
Federal judges are wrestling with how to define artificial intelligence when dealing with evidence presented in trials, with some raising concerns that too broad a definition could sweep in items as common as receipts and thermometers.
Ghana Debt Jumps as Selassie Says Holder Deal ‘Matter of Time’
Ghana dollar bonds are among top performing in emerging markets on Friday as IMF African Department director <-bsp-person state="{"_id":"0000018e-f764-d583-afbf-f7fcdecd0000","_type":"00000160-6f41-dae1-adf0-6ff519590003"}">Abebe Selassie said an agreement with creditors to restructure the nation’s debt was “a matter of time,” Reuters reported.
GTT Names Jean-Baptiste Choimet as CEO as of June 12
<-rte-company state="{"_id":"0000018e-f70d-d583-afbf-f7dde6380000","_type":"00000160-4b23-d8bd-adfd-4b3348fd0000"}">GTT names Jean-Baptiste Choimet as CEO as of June 12, 2024, according to <-bsp-bb-link state="{"bbDocId":"SC74ZRMB2SJX","_id":"0000018e-f70d-d583-afbf-f7dde6380001","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">statement.
Total Play Sweeps Up Most of Remaining 2025 Bonds in Debt Swap
<-bsp-bb-link state="{"bbHref":"bbg://securities/0919647D%20MM%20Equity","_id":"0000018e-f6e9-d583-afbf-f6fddcd60000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Total Play Telecomunicacionesswapped about 90% of its bonds coming due next year, ending a drawn out saga over refinancing that drove the credit into distressed territory a little over a year ago.
Total Play Concludes Deal to Refinance $519M of 2025 Notes
Total Play says amount refinanced is sum of the private exchange of $213.5 million of senior notes due 2025, announced in February, and the amount accepted from the exchange offer for $305.5 million from the remaining $361.5 million of such notes.
Telecom Oi’s Plan Approval Unlocks $2.9 billion in Asset Sales
Hudson Bay Closes $800 Million Fund to Bet on Special Situations
<-bsp-bb-link state="{"bbHref":"bbg://securities/3620327Z%20US%20Equity","_id":"0000018e-f63b-d583-afbf-f6ff74620000","_type":"0000016b-944a-dc2b-ab6b-d57ba1cc0000"}">Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.
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