Newsroom Headlines
Lenders to bankrupt firms are increasingly demanding the use of a controversial contract clause that bolsters their investments in exchange for giving companies a chance at survival, Bloomberg News
Timber Pharmaceuticals filed for chapter 11 bankruptcy protection on a day when LEO Pharma terminated a merger agreement that didn’t receive a sufficient stockholder vote at a Friday meeting, WSJ Pro
Johnson & Johnson said on Thursday that it has settled two lawsuits claiming its talc products caused cancer, the first such cases to go to trial since a federal court rejected the company's plan to
Brigade Capital Management, Capital Research and Management Co. and Sculptor Capital are among now-bankrupt WeWork Inc.’s biggest creditors, court papers show, Bloomberg News reported. The firms are
Joyride Brewing in Denver said on Friday that it plans to file for bankruptcy protection, the Denver Post reported. Brewery co-founder Dave Bergen said in a video on Facebook that he is making a very
The office sector’s credit crunch is intensifying. By one measure, it’s now worse than during the 2008-09 global financial crisis, the Wall Street Journal reported. Only one out of every three
A venture of two nonprofits and Related Fund Management is poised to win an auction for billions of dollars of Signature Bank loans backed by New York apartments, the Wall Street Journal reported. The
A group of U.S. lawmakers is asking tax authorities to accelerate an investigation into rich Americans seeking lucrative tax breaks in Puerto Rico, Bloomberg News reported. Twelve Democratic members
ABI mourns the passing of long-time ABI member Sheila T. Smith after a nearly 10-year battle with pancreatic cancer. A leading authority in the restructuring community for nearly three decades, Smith
Rite Aid yesterday sued the U.S. Department of Justice, seeking to block a lawsuit alleging that the bankrupt pharmacy chain ignored red flags and illegally filled hundreds of thousands of