The building-materials company may have defrauded injury claimants when it used a corporate affiliate with no employees or operations as a “vessel designed to ferry…asbestos liabilities into bankruptcy,” a judge said.
Bankruptcy courts are facing a backlash among congressional Democrats over the growing practice of authorizing legal protection to accused wrongdoers who haven’t sought chapter 11 protection themselves.
A pay-per-view boxing tournament featuring YouTube and TikTok personalities has turned into a legal brawl after it failed to live up to its social-media hype, pushing the event organizer to consider bankruptcy.
Arena Investors said it would offer the bankrupt and idled Limetree Bay oil refinery in St. Croix only a portion of the loan package it had previously agreed to, drawing a rebuke from the judge overseeing the chapter 11 case.
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Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
| BOND | % CHANGE |
|---|---|
| Kaisa Group Holdings Ltd. 9.375% due 06/30/24 | 3.548% |
| HOME POINT CAPITAL INC. 5.0% due 02/01/26 | -3.041% |
Leveraged Loans
| LOAN | % CHANGE |
|---|---|
| SGB-SMIT 7/17 TLB | 2.06% |
| NorthPole/NSO Group 3/19 (EUR) TL | -4.53% |
Source: IHS MarkitFULL TABLE
This is a summary of a request from the official committee of equity security holders of Washington Prime Group Inc. to hire Brown Rudnick LLP as co-counsel, filed Aug. 9 with the U.S. Bankruptcy Court in Houston.
This is a summary of the official committee of unsecured creditors of Katerra Inc. to hire Fox Rothschild LLP as counsel, filed July 21 with the U.S. Bankruptcy Court in Houston.
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from Sharity Ministries Inc. to hire Baker & Hostetler LLP as counsel, filed July 15 with the U.S. Bankruptcy Court in Wilmington, Del.
This is a summary of a request from Community Eco Power LLC to hire Beveridge & Diamond PC as special environmental counsel, filed July 9 with the U.S. Bankruptcy Court in Springfield, Mass.