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Lucky Bucks Trustee Sues New Management, Seeking to Revoke Bankruptcy Plan

Lucky Bucks’ bankruptcy trustee has sued the new management of the slot machine operator, seeking to revoke the bankruptcy plan, WSJ Pro Bankruptcy reported. According to a lawsuit filed Tuesday, the

Commentary: Johnson & Johnson’s $700 Million Settlement Puts It on a New Path to Address Mass Lawsuits

Johnson & Johnson’s agreement to settle litigation with multiple states over its talcum-based baby powder is putting the company on a new path to addressing mounting lawsuits against its former

Largest North American Glass Recycler Emerges from Bankruptcy in Texas

Strategic Materials, the Houston-based glass recycling giant, emerged from bankruptcy on Tuesday after it said it reduced its debt by more than $300 million during a comprehensive restructuring

New Jersey Supreme Court Rules Against Ocean Casino in COVID Business Interruption Case

New Jersey's Supreme Court ruled Wednesday that an Atlantic City casino is not entitled to payouts from business interruption insurance for losses during the COVID-19 outbreak, determining that the

CFPB Proposes Rule Cracking Down on Non-Sufficient Fund Fees

The Consumer Financial Protection Bureau (CFPB) yesterday proposed a new rule cracking down on fees that banks charge consumers when they do not have sufficient funds to cover a purchase or

Hamptons Mansion Once Listed for $150 Million Sells at Auction for Less Than $90 Million

A Hamptons, N.Y., estate that once listed for $150 million before falling into bankruptcy was sold at auction Wednesday for $88.5 million, NBCNewYork.com reported. The four-acre estate in Southampton

Senators Submit Amicus Brief Calling for Supreme Court to Reject Georgia-Pacific’s Bankruptcy Maneuver

Senate Judiciary Committee Chair Dick Durbin (D-Ill.) and fellow Senate Judiciary Committee colleagues Sens. Sheldon Whitehouse (D-R.I.) and Josh Hawley (R-Mo.) submitted an amicus brief to the

Johnson & Johnson to Pay $700 Million to Settle Baby Powder Probe

Johnson & Johnson has tentatively agreed to pay about $700 million to settle an investigation brought by more than 40 states into the marketing of its talcum-based baby powder, a J&J executive said

Private-Equity-Owned Medical Apparel Seller Careismatic Files for Bankruptcy

Medical scrubs designer and distributor Careismatic Brands filed for bankruptcy to eliminate $833 million in debt, a restructuring prompted by falling demand and higher interest rates, WSJ Pro

NBA’s Westbrook Joins Group Taking Over Bankrupt Arizona Sports Park

Los Angeles Clippers point guard Russell Westbrook joined the group of investors who took over a sprawling Arizona youth-sports facility that hammered bondholders with losses when it collapsed into