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Beverly Hospital Files for Bankruptcy in Effort to Avoid Closure

Beverly Hospital filed for bankruptcy on Wednesday, a step that hospital officials said was needed to avoid the closure of the Montebello facility, the Los Angeles Times reported. Hospital officials

Branson's Virgin Orbit Files Chapter 11 Bankruptcy Plan

Richard Branson's Virgin Orbit Holdings Inc and its subsidiaries in the United States filed a chapter 11 bankruptcy plan with the U.S. Bankruptcy Court for the District of Delaware, the company said

Fed Rethinks Loophole That Masked Losses on SVB’s Securities

The Federal Reserve may close a loophole that allows some midsize banks to effectively mask losses on securities they hold, a contributing factor in the collapse of Silicon Valley Bank, the Wall

Lordstown Motors Gets Nasdaq Delisting Notice, Explores Reverse Stock Split

Lordstown Motors Corp said on Thursday it has received a delisting notice from Nasdaq and is evaluating actions including a reverse stock split to meet the minimum bid price requirement set by the

Judge's Donations Leads to Consideration of Recusal in New Orleans Diocese Case

U.S. District Judge Greg Guidry abruptly convened attorneys on a call last week to tell them his charitable giving to the New Orleans’ Roman Catholic archdiocese “has been brought to my attention” and

Supreme Court Holds: § 363(m) Isn’t Jurisdictional; It’s a Limitation on Appellate Relief

Reversing the Second Circuit, the Supreme Court handed down a unanimous opinion today in MOAC Mall Holdings LLC, deciding that Section 363(m) is not jurisdictional. It’s a limitation on the remedy

Boy Scouts Emerge From Bankruptcy After More Than Three Years

More than three years after filing for bankruptcy, the Boy Scouts of America said it has emerged from chapter 11 after an appeals court denied opponents’ request to pause the youth group’s

Veterans Suing 3M over Earplugs Seek to Stop Unit's 'False Alarm' Bankruptcy

U.S. veterans and members of the military on Wednesday urged a judge to dismiss 3M's bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from nearly 260,000 lawsuits over

Bed Bath & Beyond Preparing for Bankruptcy Filing Within Days

Bed Bath & Beyond Inc. is preparing a bankruptcy filing for as early as this weekend as its falling stock price makes it near impossible to raise enough capital to avert default, WSJ Pro Bankruptcy

Credit Suisse Lodges $440 Million London Claim Against SoftBank

Credit Suisse has lodged a $440 million claim against Japan's SoftBank Group Corp in London as it presses ahead with formal proceedings in a dispute borne from the failure of Greensill Capital, a