 | | Featured Premium Content | | | | | Debtwire: Examining Advisor Fees in Large Chapter 11 Cases – U.S. Restructuring Insights Report
Law firms representing debtors and their unsecured creditors’ committees (UCCs) in large chapter 11 cases charge an average blended rate of $1,299 per hour, according to Debtwire’s examination of advisor fees in recent large chapter 11 cases. This report relies on data from Debtwire’s Restructuring Database (RDB) to analyze the market rates charged by law firms, financial advisors, and investment bankers advising debtors and UCCs across 38 chapter 11 cases filed from 1 January 2024. READ MORE | | | | | SPONSORED CONTENTPrivate Credit and BSLs: Friends or Foes?With private credit and broadly syndicated loans (BSLs) competing for dominance, the lending landscape is in flux. But can these markets ultimately work hand in hand? SRS Acquiom, in partnership with Debtwire, surveyed 200 senior executives from alternative asset management firms across Europe and the U.S. to uncover the true dynamics of these two critical markets. Download the Report | | |  | | Editor's Picks | | | | | KY Prisons’ Health Care Provider Declares Bankruptcy. Some Lawsuits Accuse It of Fraud
Wellpath, a health care company that insures the prison against lawsuits such as medical negligence, filed for bankruptcy last November. All pending lawsuits against the company — 471 across 27 states, as of March 13, court records show — were paused as a result, the Lexington (Ky.) Herald Leader reported. Some of those suits accuse the company of fraud, prompting questions about whether people awarded money for wrongful prison deaths in Kentucky and other states nationwide will ever receive compensation from Wellpath. READ MORE | | Analysis: Trump's Big Law Fury Shows Additional Firms Are Target Risks
As President Donald Trump targets a handful of Big Law firms for fronting actions he considers unfair, he’s got the whole industry wondering: Who’s next? Trump issued directives against Covington & Burling, Perkins Coie, and Paul Weiss in the last three weeks. Those are not the only firms with ties to investigations against the former president or which have gone up against him in court, according to a Bloomberg Law analysis. READ MORE | | Delaware Lawmakers to Vote on Corporate Law Overhaul in Face of Criticism
Delaware lawmakers are expected to vote to overhaul the state's corporate law on Thursday to protect its business-friendly reputation, but opponents have called the bill a giveaway to billionaires, Reuters reported. The bill makes it hard for investors to sue over certain transactions involving controlling shareholders, such as buying a controlling shareholder's business, if the deal follows certain steps. It also applies to deals with board members and executives, but will not impact existing rules for a takeover of the company by the controlling shareholder. READ MORE
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A California plastics recycling company said Tuesday that it still plans to build a sprawling operation in rural Georgia despite a recent bankruptcy filing by subsidiaries that operate a similar plant in Indiana, the Atlanta Journal-Constitution reported. Brightmark LLC said that its affiliates that operate a recycling operation in Indiana filed for c hapter 11 bankruptcy protection with the intent to sell their assets. Brightmark LLC called it a “strategic” move, and the parent company itself said it is not a party to the bankruptcy filing nor are its operations affected by it. READ MORE | | Ripple’s Garlinghouse Says SEC Dropped Landmark Crypto Case
Ripple said the U.S. Securities and Exchange Commission case against the crypto company has ended, the latest of several enforcement actions that have been abandoned during the early weeks of President Donald Trump’s administration, Bloomberg News reported. The agency has dropped its appeal of a previous ruling, Chief Executive Officer Brad Garlinghouse said in a post on X on Wednesday. The securities regulator has dismissed or paused several other legal cases and investigations targeting crypto companies, including those involving some of the industry’s most prominent players. READ MORE | | Private Equity Firms Consolidating Homes for Disabled
Private equity firms have been buying up scores of companies that care for people with intellectual and developmental disabilities, according to a new report by an advocacy group that warns that the surge of investment in an industry that has traditionally been nonprofit could result in investors’ demands coming before the needs of their vulnerable clients, the Washington Post reported. The report from the Private Equity Stakeholders Project, a nonprofit watchdog group, said that over the past decade the firms have been bundling smaller group homes and service providers into very large outfits spanning multiple states. Alpine Investors has amassed a home care services company with 100,000 employees, according to the report; working together, two other private equity firms, Centerbridge Partners and Vistria Group, have built two firms with 61,000 and 45,000 workers. READ MORE | | Federal Reserve Sees Tariffs Raising Inflation This Year, Keeps Key Rate Unchanged
The Federal Reserve kept its benchmark interest rate unchanged Wednesday and signaled that it still expects to cut rates twice this year even as it sees inflation staying stubbornly elevated, the Associated Press reported. The Fed also now expects the economy to grow more slowly this year and next than it did three months ago, according to a set of quarterly economic projections also released Wednesday. It forecasts growth falling to just 1.7% in 2025, down from 2.8% last year, and 1.8% in 2026. Policymakers also expect inflation will pick up slightly, to 2.7% by the end of 2025 from its current level of 2.5%. Both are above the central bank’s 2% target. READ MORE | | Florida Explores Ditching Property Tax as Home Prices Soar
Florida’s leaders are considering a far-reaching remedy to cut the soaring costs of owning a home: ditching property taxes, the Wall Street Journal reported. Killing property taxes is unlikely. Such a move would leave the state more reliant on its sales tax and strip local governments of revenue to fund everything from schools to social services. But the idea is gaining political traction, reflecting the strain homeowners are under. The property-tax system is among the top issues under discussion in the legislative session that began this month. The attempted overhaul represents one of the most serious efforts ever. A full repeal would be the first such move in the nation. (Subscription required.) READ MORE | | | | |
