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Crypto Firm Gemini Sues DCG After Conflict over Unit's Restructuring Deal

Cryptocurrency exchange Gemini, the largest creditor of bankrupt crypto lending firm Genesis, sued parent company Digital Currency Group (DCG) and its CEO, the day after DCG missed the exchange's

Christmas Tree Shops Is Winding Down After Lenders Pull Funding

Discount retailer Christmas Tree Shops Inc. has begun shutting down its business after dwindling sales prompted lenders to withdraw funding for its chapter 11 case, Bloomberg News reported. Christmas

New York Firm Revealed as Bidder for David's Bridal Assets

Less than three months after David's Bridal filed for chapter 11 bankruptcy protection, the potential buyer of the beleaguered retailer has been revealed, the Philadelphia Business Journal reported

Missouri-Based Provider of Disinfectant Products Files for Chapter 11 Protection

A Kirkwood, Mo.-based provider of disinfectant and antimicrobial products has filed for chapter 11 protection with plans to reorganize its debt under its current ownership, KSDK.com reported. Wexford

U.S. Bank Credit Rose Last Week, While Commercial and Industrial Loans Fell

Bank credit for U.S. commercial banks expanded slightly in the last week of June, even as commercial and industrial lending ticked down, Federal Reserve data released on Friday showed, Reuters

BlockFi Bankruptcy Plans Opposed by FTX, Three Arrows, and SEC

Proposals put forward by defunct crypto lender BlockFi are an abuse of bankruptcy rules, according to a legal filing made by FTX, with over a billion dollars of disputed transactions at stake

Mallinckrodt in Talks to Cut Opioid Settlement by Up to $1 Billion

Financially troubled pharmaceutical company Mallinckrodt is in discussions with a compensation trust for opioid victims as it seeks to potentially reduce the amount of settlement payments by as much

Climbing Rates Push Mortgage Demand to Lowest Point in a Month

Mortgage demand fell to its lowest level in more than a month as interest rates continued to climb, according to data released by the Mortgage Bankers Association (MBA), The Hill reported. The MBA’s

Vice Creditors Buy Company Out of Bankruptcy for $350M

An investment group consisting of three Vice Media Group creditors bought the company out of bankruptcy for $350 million, $125 million higher than their original “stalking horse” bid, Subscription

Bittrex May Still Face Enforcement Action in Florida Amid Bankruptcy

The Florida Office of Financial Regulation (OFR) is considering action against U.S.-based cryptocurrency exchange Bittrex, which filed for chapter 11 protection in May, Cointelegraph reported. In a