Skip to main content

Newsroom Headlines

J&J, Cancer Victims Agree to Quick Appeal of Bankruptcy Ruling

Johnson & Johnson and a committee of cancer victims have agreed to speed up a court appeal of their fight regarding whether the health-care giant can use bankruptcy to end as many as 100,000 talc

Ligado Networks Seeks to Restructure Debt Again to Ease Satellite Deal

Wireless venture Ligado Networks is in talks with its major creditors about a debt restructuring that would ease the way for a commercial deal to expand its satellite offerings, WSJ Pro Bankruptcy

Yellow’s Downfall Throws $700 Million U.S. Covid Loan in Jeopardy

The collapse of trucking giant Yellow Corp. casts doubt on whether the U.S. government will be able to fully recoup a controversial $700 million loan for an enterprise that was already in financial

Art Van Heirs Would Pay Nothing Out of Pocket in $8 Million Bankruptcy Settlement

Heirs of the late Art Van Elslander would tap business insurance policy proceeds and pay nothing out of pocket as part of a proposed $8 million settlement agreement with the trustee for the Art Van

Surface Warns Bankruptcy Possible If Shareholders Reject Coherus Merger

Needing shareholder support for its planned merger with Coherus BioSciences, biotech Surface Oncology has warned that outlays triggered by the deal have shrunk its cash runway and will leave Surface

Bankrupt Manhattan Hotel Owner Should Pay Default Interest, Judge Rules

A bankrupt Holiday Inn in downtown Manhattan can’t use chapter 11 to maintain its low-rate mortgage without paying penalty interest linked to its default, a judge ruled in a setback for borrowers

Bankrupt Crypto Firm Genesis Says Mediation to End Soon Regardless of Deal Status

Bankrupt crypto lender Genesis Global Holdco LLC has extended its mediation with creditors for the last time, a company lawyer said during a hearing yesterday, Bloomberg News reported. “If we do not

BlockFi’s Chapter 11 Plan Progresses with Conditional Court Approval

BlockFi’s reorganization is gradually progressing, with the company revealing that the United States Bankruptcy Court for the District of New Jersey has conditionally approved its disclosure statement

E-Cigarette Maker Juul Labs Is Seeking $1 Billion in Funding

Juul Labs Inc., the e-cigarette company that almost went bankrupt last year, is seeking to raise about $1 billion, Bloomberg News reported. Juul is working with Jefferies Financial Group Inc. on the

Analysis: Why Opioid Settlements Worth Over $8 Billion Are at Risk of Falling Apart

A number of prescription opioid manufacturers, including OxyContin developer Purdue Pharma and generics maker Mallinckrodt, have agreed to pay billions to settle lawsuits accusing the companies of