FTX Trading Ltd. and its affiliates joined a smattering of other creditors of bankrupt crypto lender Genesis Global Holdco in objecting to extending court-mediated settlement talks, according to a court filing.
Mallinckrodt confirms it is considering bankruptcy and is evaluating options including transactions proposed by holders.
A deal to rescue one of the biggest suppliers of soybean meal fed to livestock herds around the world is at risk of falling apart because of court delays and Argentina’s worst drought in living memory.
The American Academy of Emergency Medicine Physician Group Inc. asked a bankruptcy court to clear the way for it to proceed with a lawsuit accusing Envision Healthcare Corp. of “unlawful” practices, including kickbacks for patient referrals.
A restaurant operator is stuck with an assessment of an additional $2.58 million in sales tax and penalties after the California Office of Tax Appeals found the company’s bankruptcy doesn’t pause the case.
Billionaire auto dealership mogul Herb Chambers agreed to purchase the Lady May, a luxury yacht upon which Trump adviser Steve Bannon was arrested in 2020, from the bankruptcy estate of federally-indicted Chinese exile Guo Wengui.
Brazilian securities regulator known as CVM filed the first charge in one of several cases involving Americanas. In the process, former CEO Sergio Rial and Joao Guerra Duarte Neto, who replaced Rial on an interim basis became defendants, said O Globo citing the decision.
Virgin Orbit Holdings Inc.'s junior creditors have objected to sending to a vote a proposed bankruptcy plan they say pays them only $200,000 against the $106 million they’re owed, but grants Richard Branson-affiliated businesses valuable legal protections.
A unit of
Lumen Technologies said it’s “well positioned to achieve revenue and adjusted Ebitda stability in 2024.”
A pair of bondholders has agreed to advance $90 million in additional debt to
Credit repair firm Progrexion, accused by regulators of deceiving clients, filed bankruptcy after losing a key court ruling and facing $3 billion in claims from the US Consumer Financial Protection Bureau.
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