Bankruptcies driven by mass litigation defined 2021 as corporate defaults hit their lowest level in decades
The youth group’s survival depends on a chapter 11 settlement plan covering more than 82,000 claims of childhood sex abuse.
The property developer said that construction work has resumed at more than 90% of its stalled residential projects and that it has picked up the pace of delivering apartments promised to home buyers across China.
Offers of legal immunity for insurers and nonprofits that aren’t themselves in chapter 11 are crucial to the youth group’s planned restructuring.
data & interactives
Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
| BOND | % CHANGE |
|---|
Leveraged Loans
| LOAN | % CHANGE |
|---|---|
| AOT Bedding 11/16 Cov-Lite TL | 3.69% |
| Priority Payment/Priority Technology 4/21 Cov-Lite TL | -1.75% |
Source: IHS MarkitFULL TABLE
This is a summary of a request from Watsonville Community Hospital to hire Pachulski Stang Ziehl & Jones LLP as counsel, filed Dec. 17 with the U.S. Bankruptcy Court in San Jose, Calif.
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from Riverbed Technology Inc. to hire Kirkland & Ellis LLP as counsel, filed Nov. 23 with the U.S. Bankruptcy Court in Wilmington, Del.
This is a summary of a request from GTT Communications Inc. to hire Kelley Drye & Warren LLP as special counsel, filed Dec. 1 with the U.S. Bankruptcy Court in New York.
A list of some new chapter 11 bankruptcy filings made during the last week.