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Reorganization Plans Stall in Rochester Diocese Bankruptcy

Bankruptcy Judge Paul Warren said at a hearing last week that neither plan proposed in the Rochester Diocese bankruptcy can move forward for a vote yet, the Rochester Beacon reported. Instead, he set

DCG Says Genesis Bankruptcy Plan Overpays Customer Claims

Digital Currency Group objected late Monday to the bankruptcy plan of its subsidiary Genesis Global Capital, saying that the crypto lender is proposing to pay its customers more than they are legally

SEC Fights Challenge to Hedge Fund and PE Firm Fee Disclosure Rules

The U.S. Securities and Exchange Commission is trying to fend off a legal challenge from the multitrillion-dollar private fund industry to agency rules requiring hedge funds and private equity firms

U.S. Accuses Pennsylvania Lender FNB of Redlining in North Carolina

First National Bank of Pennsylvania was sued on Monday by the U.S. Department of Justice and the state of North Carolina, which accused it of lending discrimination known as redlining in the Charlotte

Fed Says Banks Tightened Credit Standards in Fourth Quarter

The Federal Reserve said U.S. banks reported stricter credit standards in the fourth quarter, although the proportion of those tightening standards shrank from the prior period, Bloomberg News

U.S. Appeals Court Finds Bayer Not Shielded from Roundup Lawsuit

A U.S. appeals court on Monday refused to dismiss a Georgia doctor's lawsuit claiming that Bayer AG's Roundup weedkiller caused cancer, the latest setback in the German company's efforts to fend off

U.S. Services Activity Expands More Than Expected, Says ISM

The U.S. services sector accelerated faster than expected in January, as employment trends improved and demand rebounded, according to survey data released Monday, the Wall Street Journal reported

January Small Business Subchapter V Elections Increase 43 Percent over Last Year

Total bankruptcy filings were 36,607 in January 2024, a 17 percent increase from the January 2023 total of 31,176, according to data provided by Epiq Bankruptcy, the leading provider of U.S

Cano Health Files for Bankruptcy, Receives $150 Million Financing Commitment

Cano Health filed for chapter 11 protection in the U.S. Bankruptcy Court for the District of Delaware late on Sunday and said it entered into a restructuring support agreement to reduce debt and

Airline SAS to File Second Amended Chapter 11 Plan

Scandinavian airline SAS said it would file a second amended chapter 11 plan of reorganization with the U.S. Bankruptcy Court for the Southern District of New York on Monday and said it had obtained