Newsroom Headlines

There are hundreds of "zombie" malls throughout the U.S. that are more dead than alive, the Wall Street Journal reported. The older, low-end ones have lost at least half and, in some cases, more than

ABI mourns the passing last week of Karen Cordry, who was the bankruptcy and special issues counsel for the National Association of Attorneys General (NAAG). Since joining NAAG's staff in 1992, Cordry

Bankrupt pharmacy chain Rite Aid Corp. has until March 1 to complete its turnaround under a timeline approved by a federal judge yesterday, Bloomberg News reported. Bankruptcy Judge Michael Kaplan

Some owners of WeWork Inc.’s more than 700 properties are objecting to the company’s plans to shut down many of its locations in bankruptcy, Bloomberg News reported. Objections filed yesterday pushed

Binance and its founder, Changpeng Zhao, pleaded guilty Tuesday to violating criminal anti-money-laundering guidelines — a staggering blow against the world’s largest cryptocurrency exchange, the

Changpeng “CZ” Zhao has become the latest in a long line of crypto founders facing potentially significant legal consequences, Bloomberg News reported. The founder of Binance Holdings Ltd., the world

The private insurance market has proved increasingly inadequate in providing financial security for most of the millions of older Americans who might need home health aides, assisted living or other

Six defaults in the last 30 days have brought the US trailing twelve month (TTM) leveraged loan default rate back above 3%, Fitch Ratings said in a press release. Operational issues and free cash flow

An involuntary bankruptcy against Mexico’s TV Azteca has been dismissed, with a bankruptcy-court judge saying that the multimedia conglomerate and its bondholders are involved in a dispute that must

Airline SAS AB received approval from a bankruptcy court in New York for a $1.2 billion rescue package that will see Air France-KLM and private equity firm Castlelake LP become owners in the