 | | Featured Premium Content | | | | | ABI Conference Materials: Avoidance Actions Update
A panel from 2025 Alexander L. Paskay Memorial Bankruptcy Seminar presented an overview of the statutory groundwork for, methodology for pursuing, and latest case law on avoidance action claims, including the impact of Purdue Pharma on the sale of these claims. 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 | | | | | Brazil Airline Gol Signs Chapter 11 Exit Financing Commitment
Brazilian airline Gol said on Monday it had entered an exit financing commitment with certain investors, without naming them, as it eyed exiting chapter 11 bankruptcy proceedings, Reuters reported. Under the deal, the parties have committed to purchasing up to $1.25 billion of the $1.9 billion debt instruments to be issued as part of the process, which will be used to repay obligations under a debtor-in-possession financing. READ MORE | | 23andMe Customers Scramble to Delete Data, Seek Assurances After Bankruptcy
An array of 23andMe customers rushed to its website Monday, seeking to delete their genetic data from the DNA-testing company after its bankruptcy filing, the Wall Street Journal reported. They faced long wait times or error messages and had to make repeated attempts to receive confirmation that their request had been received. Some sought unsuccessfully to delete the data of a deceased family member, and many expressed uncertainty about whether or how they would receive confirmation that the data had been deleted. Several 23andMe users also said they have a heightened interest in what happens to their data due to a password hack at the company in 2023 that exposed information belonging to 6.9 million people. READ MORE | | Systemic ‘Bank Run’ Risk Hangs Over Stablecoin Bills in Congress
Two bills traveling through the House and Senate are designed to give stablecoins a bigger role in the global payments infrastructure, with vocal support from President Donald Trump, Bloomberg News reported. The interest from Washington, D.C., has helped encourage the steady flow of new money into the sector — even as other parts of the cryptocurrency industry have struggled — bringing the total value to more than $230 billion. Yet the boom in tokens like Tether Holdings SA’s USDT and Circle Internet Financial’s USDC has revived fears about the looming risks that these coins are bringing into both the cryptocurrency industry and the broader financial system. READ MORE
MORE NEWS BELOW | | |  | | Upcoming Events | | | | | Behind the Bench: Preparations and Suggestions to Solve the Pro Se PuzzleABI/NCBJ Webinar
April 1 | | ABI International Latin America Symposium Charleston Santa Teresa Cartagena
May 12-14 | Cartagena, Colombia | | | | |  | | Daily Roundup | | | | | Analysis: The Surprising Good News for Mall Owners: Forever 21’s Bankruptcy
Fast-fashion retailer Forever 21 is shuttering all its roughly 350 U.S. stores after entering bankruptcy this month for the second time in six years. This time, many owners and analysts say Fast-fashion retailer Forever 21 is shuttering all its roughly 350 U.S. stores after entering bankruptcy this month for the second time in six years. This time, many owners and analysts say Forever 21’s demise is an opportunity to bring in stronger retailers that will pay higher rent and attract more shoppers, the Wall Street Journal reported. READ MOREOccupancy issues are at the heart of many significant retail cases, as detailed in the ABI publication Retail and Office Bankruptcy: Landlord/Tenant Rights, available at the ABI Store. | | Trump Administration Asks Supreme Court to Block Order Reinstating Federal Employees
The Justice Department asked the Supreme Court on Monday to block a judge’s order requiring it to reinstate more than 16,000 federal employees, as administration officials vow to seek the justices’ intervention in clearing away lower-court rulings that have slowed Trump policies, the Wall Street Journal reported. Earlier this month, a federal district judge in San Francisco ordered the government to reinstate probationary employees fired at a half dozen agencies under the Trump administration’s fast-moving plan to shrink the federal government. U.S. District Judge William Alsup found that the administration had failed to comply with legal procedures required for the layoffs. (Subscription required.) READ MORE | | U.S. Factory Activity Slips as Materials Costs Rise on Tariffs
U.S. manufacturing slipped back into contraction territory this month, plagued by a tariff-related rise in materials costs, while the service sector outlook deteriorated. The S&P Global flash March factory index dropped nearly 3 points to 49.8 from the highest level since mid-2022. Figures below 50 indicate contraction. Despite an improvement in output among service providers, due in part to stronger demand, sentiment about prospects over the coming year slid to the second-lowest since 2022. READ MORE | | Farmers, Dockhands and Shipowners Fight Against U.S. Fees on Chinese Ships
A broad cross-section of American business is dialing up its opposition to the Trump administration’s plan to impose steep fees on Chinese ships calling at American ports, the Wall Street Journal reported. About 300 companies, trade groups and individuals submitted comments or requests to speak at a hearing that will run for two days this week in Washington. Nearly all the groups oppose the proposal put forward last month by the U.S. Trade Representative’s office to impose millions of dollars in new fees each time a Chinese-built vessel enters a U.S. port. (Subscription required.) READ MORE | | | | |
