Serta ruling could throw cold water on deals that have grown widespread but criticised as ‘creditor-on-creditor violence’
Hedge funds and bond managers are willing to invest millions of dollars to get reorganised carrier off the ground
Multinational has struck a deal with most claimants over toxic talc powder claims through a Chapter 11 filing by a subsidiary
The pillar of the direct-sales industry sought bankruptcy protection this week
A judge has found the rental car company short-changed its bondholders to the tune of $270mn
Rising interest rates, competition for funding and delayed federal support contribute to issues facing sector
David Jones and law firms Kirkland & Ellis and Jackson Walker had faced a suit over his secret relationship with a lawyer
Also in today’s newsletter, US nuclear energy sector primed for a political boost
Thomas Braziel invested some funds but also spent on jewellery, luxury hotel stays and ‘other fineries’, court finds
Federal judge points to conflict in relationships with financial sponsor and debtor in Chapter 11 case
Move is part of a restructuring plan to be put to creditors in an effort to slash costs
New York judge dismisses six-year old legal action accusing consulting firm of conflicts of interest in bankruptcy cases
Big companies that sought Chapter 11 to manage settlements will be forced to reconsider strategy after Purdue decision
Members of OxyContin maker’s founding family had fought to uphold protections in $6bn opioid settlement
US start-up becomes latest to succumb to difficulties hitting the sector
Struggling retailer says approval is ‘crucial step’ for its survival
Landmark ruling finds two individuals liable in lawsuit brought by liquidators to collapsed retailer
Plus, the UK taxman comes for private equity and a Trump donor gatecrashes a charged deal
Examiner had investigated questions over law firm’s ties to bankrupt crypto exchange and founder Sam Bankman-Fried
Reorganisation plan for Sam Bankman-Fried’s failed crypto exchange will pay 118 cents on the dollar
Drugmaker could fast track subsidiary’s bankruptcy process if 75% of claimants vote in favour of new plan
Real progress comes when both sides accept the other has something valuable to exchange
Loosening credit agreements mean traditional investors who once could avoid messy legal battles are having to evolve
Sales of yacht, ranch and LNG company shares fail to satisfy UBS in multiyear stand-off
Some of this is just getting silly
