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Crypto Exchange KuCoin to Shut in New York, Pay $22 Million to Settle Lawsuit

KuCoin, one of the world's largest cryptocurrency exchanges, has agreed to block New York users from its platform and pay $22 million to settle a lawsuit brought by the state as part of its push to

Texas Office Building to be Sold Out of Bankruptcy

A Dallas investor is buying another of the office buildings up for grabs with the bankruptcy of a Houston real estate firm, the Dallas Morning News reported. Hartman SPE is selling its office and

DOJ Official Defends Corporate Settlements That Stop Short of Guilty Pleas

A senior U.S. Justice Department official defended the use of settlements that let companies avoid pleading guilty after senators questioned whether prosecutors have been too soft on corporate crime

Hedge Fund Groups Sue U.S. SEC in Bid to Vacate Short-Selling Rules

Three hedge fund associations sued the U.S. Securities and Exchange Commission (SEC) on Tuesday in a bid to vacate two new rules aimed at boosting transparency of short-selling, or trades that earn

Stubbornly High Rental Costs Lift U.S. Consumer Inflation in November

U.S. consumer prices unexpectedly rose in November as a decline in the cost of gasoline was more than offset by increases in rents, further evidence that the Federal Reserve was unlikely to pivot to

WeWork Resolves Landlord Objections to Bankruptcy Financing

WeWork has resolved landlords' objections to its bankruptcy financing agreement, saying on Monday that it had agreed to reserve a portion of any future loans in an account that will be used for rent

Mall Owner Preit Files Second Bankruptcy in Three Years

Pennsylvania Real Estate Investment Trust filed for its second bankruptcy in three years, succumbing to the consumer shift away from bricks-and-mortar locations, WSJ Pro Bankruptcy reported. The owner

Tacoma Real Estate Development Firm Files for Chapter 11 Protection

Harbor Custom Development, based in Tacoma, Wash., on Monday announced it has filed for chapter 11 bankruptcy protection, the New Star Tribune reported. The NASDAQ-listed company, known for

FTX Claims IRS Tax Demands Would Take Money From Victims of Collapse

U.S. officials will take money away from victims of the fraud-tainted crypto firm, FTX Trading Ltd. unless a judge rejects the government’s demand for $24 billion in unpaid taxes, the bankrupt company

Judge Appoints Receiver to Liquidate GPB Capital Holdings

Private-equity firm GPB Capital Holdings, facing civil fraud allegations since early 2021, will be liquidated by a court-appointed receiver, signaling the end of a long wait for roughly 17,000