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Texas Factoring Company Files for Bankruptcy Liquidation

Texas-based factoring company Genesis Network Telecom filed for bankruptcy liquidation on Wednesday, FreightWaves.com reported. Genesis Networks Telecom Services LLC, also known as Genesis ATS (GNET)

Justice Department Says Sorrento Therapeutics Lawyers Falsified Texas Bankruptcy Filing

The U.S. Justice Department’s bankruptcy watchdog accused Sorrento Therapeutics lawyers of submitting false paperwork to justify the company’s chapter 11 filing in Houston, saying the mailbox location

Crypto Tycoon Do Kwon Should Be Extradited to U.S., Montenegro Court Rules

Disgraced cryptocurrency entrepreneur Do Kwon should be extradited to the U.S. to face trial on fraud charges, rather than to his native South Korea, a court in the tiny Balkan country of Montenegro

Wall Street Sees a Solid Year Ahead for Homebuilders, Though Mortgage Rates Remain a Wildcard

Housing market trends are shaping up in favor of a solid 2024 for U.S. homebuilders — as long as mortgage rates don't jump back to the highs they hit late last year, the Associated Press reported

Medical Properties Trust Reports Bigger Loss Related to Largest Tenant

Medical Properties Trust reported growing losses related to its largest tenant, Steward Health Care System, and said it lent the struggling hospital chain another $20 million, the Wall Street Journal

Vice Media Will No Longer Publish Stories on Its Website

Vice Media, a one-time digital journalism sensation, will no longer publish stories and other content on its website, according to a memo sent to staff yesterday, Bloomberg News reported. The company

JPMorgan to Add Venezuelan Bonds Back Into Its Emerging Market Indexes

Venezuelan government bonds are returning to JPMorgan Chase’s largest index of emerging-market government bonds, a move likely to boost demand for the bonds among fund managers that use the bank’s

Biden Cancels $1.2 Billion of Federal Student Loans

President Joe Biden’s administration announced that more than 150,000 borrowers will receive $1.2 billion in student loan forgiveness under a program unveiled in January seeking to provide relief for

Supreme Court Rejects Lawsuit That Threatened Private-Equity Debt Market

The nation’s highest court has put to rest a legal challenge that could have threatened a massive debt market that private-equity managers and other corporate dealmakers rely on, WSJ Pro Bankruptcy

Sam Bankman-Fried Heads Back to Court Over Possible Lawyer Conflict

FTX founder Sam Bankman-Fried is expected to return to a New York courtroom Wednesday for a rare appearance since his November conviction over a multibillion-dollar fraud on cryptocurrency customers