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These SVB Depositors Got Burned—Now They’re Fighting Back

Silicon Valley Bank customers whose deposits were seized by U.S. authorities after the lender’s collapse are fighting back, the Wall Street Journal reported. Customers who held money in the bank’s

Eviction Filings Soar Above Pre-Pandemic Levels in Some Cities

Rising rental costs nationwide pushed up eviction filings far above pre-pandemic levels in parts of the country after COVID-19 protections ended, according to recent data, The Hill reported. Princeton

Berkshire Hathaway-Affiliated Talc Supplier Beats Challenge to Remain in Chapter 11

A bankruptcy judge has ruled to allow a Berkshire Hathaway–affiliated defunct talcum powder supplier to remain in bankruptcy to address thousands of personal injury cases, rejecting a request from a

Mallinckrodt Readies Retention Bonuses in Event of Bankruptcy Filing

Generic-drug maker Mallinckrodt yesterday said that it set aside more than $3.4 million in executive retention bonuses in the event of a possible filing for yet another bankruptcy. The move is latest

Norwich Diocese Announces Sale of Property to Mohegan Tribe as Part of Bankruptcy Settlement

As part of its bankruptcy proceedings, the Diocese of Norwich (Conn.) has sold 113.19 acres of property to the Mohegan Tribe, the Norwich Bulletin reported. The property includes the St. Bernard

Golden Gate University Law School Faces Bankruptcy, Closure

A nonprofit law school in Downtown San Francisco faces an existential vote on Wednesday, as students and faculty join forces to keep the 122-year-old institution alive, the San Francisco Standard

Overstock Wins Auction for Some Bed Bath & Beyond Assets

Online retailer Overstock.com has won the auction for some assets of Bed Bath & Beyond, including the bankrupt home goods chain's intellectual property and mobile platform, for $21.5 million, court

Senate Moves Closer to a ‘Claw Back’ of Executive Pay After Bank Failures

A bipartisan effort to ‘claw back’ compensation from bank executives who oversee a failure advanced in the Senate Wednesday, one of the most significant legislative moves to rein in the industry since

U.S. Securities Regulator Hits Top SPAC Auditor with $10 Million Fine

The U.S. Securities and Exchange Commission (SEC) on Wednesday slapped Marcum LLP with a $10 million penalty for standards violations and systemic quality control failures in its audit work for

Powell Signals Higher Rates as Lawmakers Press Him on Bank Rules

Federal Reserve Chair Jerome Powell said policymakers expect interest rates will need to move higher to reduce U.S. growth and contain price pressures, even though they held rates steady at their