Skip to main content

July 7 - Members and Subscribers - Welcome to the new and improved abi.org! - If you have not already done so, please reset your ABI password to access the site. Click "Login" and then "Forgot Password"

Seattle Developer Selig Expects to Default on More Office Debt

One of Seattle’s most prominent developers is warning its lenders that stubbornly high vacancy rates are making it impossible to pay off its debt, Bloomberg News reported. Martin Selig Real Estate

Gritstone Bio Assets Auctioned for $21.25 Million

Gritstone bio, Inc., a biotechnology firm specializing in biological products, disclosed in a recent 8-K filing that it has auctioned off its assets, following a voluntary chapter 11 bankruptcy filing

Bank Groups Sue the Consumer Financial Protection Bureau over a Proposed Cap on Overdraft Fees

Some banks and banking trade groups are suing the Consumer Financial Protection Bureau over a finalized rule that limits overdraft fees banks can charge, the Associated Press reported. The rule is

West Virginia Trucking Company Files for Bankruptcy

A West Virginia-based trucking company, which hauls coal, logs and wood chips, recently filed for bankruptcy, Freight Waves reported. Cedar Trucking Co. of Glasgow, West Virginia, filed its chapter 11

Bankruptcy Exit for Zachry Holdings Delayed to Next Year

Zachry Holdings' plan to wrap up its restructuring process by year's end has changed. The San Antonio-based construction company, which filed for bankruptcy in May, won approval on Dec. 12 to delay

Automakers Thrived in the Pandemic. Many Are Now Struggling.

A few years ago, automakers were celebrating record profits as the pandemic created shortages of new cars, allowing them to raise prices. Now the hangover is setting in. Nissan, the Japanese automaker

Cantor Fitzgerald Pays SEC $6.75 Million for Alleged SPAC Abuses

Cantor Fitzgerald LP agreed to pay $6.75 million to settle US Securities and Exchange allegations that it misled investors in two blank-check firms before their stock-market debuts, Bloomberg News

Analysis: Skyrocketing Car-Insurance Premiums Are Pushing Inflation Higher

Soaring insurance premiums, particularly for autos, are fueling rising consumer prices and complicating policymakers’ attempts to beat back inflation, the Washington Post reported. Inflation cooled

New U.S. House Banking Chair Wants to Strip 'Calcification' from Regulations

The U.S. House banking committee's incoming chair said on Friday he would seek to remove "calcification" and reduce regulations in the sector when the next Congress convenes in January, showing an

Container Store Prepares to File for Bankruptcy in Coming Weeks

The Container Store Group Inc. is preparing to file for bankruptcy in the coming weeks following mounting losses and escalating liquidity woes, Bloomberg News reported. The storage and organizational