Bankruptcy Law News

Winklevoss’s Gemini Sues Crypto Conglomerate DCG for Fraud

Gemini Trust Co., the digital-asset exchange founded by the billionaire Winklevoss brothers, filed a lawsuit against Digital Currency Group Inc. and its chief executive officer Barry Silbert, alleging “fraud and deception” stemming from a failed lending venture between the two firms.

RSA Security Irks Lenders With Plans for $1.38 Billion of Cash

RSA Security has riled some of its lenders over plans to use a chunk of the $1.378 billion proceeds of an asset sale to fund a tax distribution, according to people familiar with the matter.

Bankrupt Small Business Can Nix Harassment Suit, Court Says

An Idaho trucking company using a type of bankruptcy meant for small businesses can permanently block a sexual harassment complaint, a bankruptcy appellate panel ruled.

Bankrupt Lifesize Cleared to Sell Most Assets to Enghouse

Enghouse Interactive Inc. secured bankruptcy court approval to purchase nearly all of Lifesize’s assets for $21 million after the video conferencing company failed to drum up additional bids.

Christmas Tree Shops Is Winding Down After Lenders Pull Funding

Discount retailer Christmas Tree Shops Inc. has begun shutting down its business after dwindling sales prompted lenders to withdraw funding for its Chapter 11 case.

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Latest Stories

SVB Financial Sues FDIC to Recover $2 Billion in Seized Deposits

Silicon Valley Bank’s former parent has sued the Federal Deposit Insurance Corp. to recover roughly $2 billion seized by the agency when the bank collapsed in March.

By Jonathan Randles

Owner of Margaritaville Resort Times Square Files Bankruptcy

The owner of the Margaritaville Resort Times Square Hotel filed for bankruptcy after disappointing results since its 2021 opening left it fighting a foreclosure auction, court papers show.

Unigel Bondholders Said to Hire Boutique Advisory Firm in Brazil

A group of local bondholders of Brazil’s Unigel Participacoes has hired a boutique advisory firm for talks with the fertilizer maker, according to people familiar with the matter.

House Panel Prods Fed’s Powell for Help With SVB Collapse Probe

The US House’s top government watchdog committee is asking Federal Reserve Chair Jerome Powell to help its investigation into the failure of Silicon Valley Bank, saying Fed officials are balking at turning over some records.

China to Extend Policies to Support Ailing Property Market

China will extend policies to support cash-strapped developers and shore up the ailing real estate sector, including allowing the postponement of loan repayments by a year.

Insolvent Go Air Seeks Initial Interest From Potential Buyers

The insolvency administrator of Go Airlines India Ltd. is seeking initial bids from prospective investors willing to revive the grounded carrier.

CREDIT DAYBOOK AMERICAS: $25 Billion on Tap in High Grade Sales

A key measure of credit risk is little changed as stocks struggle amid fresh worries about China’s economic recovery. The pace of investment-grade bond sales is expected to pick up this week, with $20 billion to $25 billion projected. Meanwhile, RSA Security has riled some of its lenders over plans to use a chunk of the $1.4 billion proceeds of an asset sale to fund a tax distribution.