Skip to main content

Newsroom Headlines

U.S. Seeks Return of Fees from Law Firm Tied to Bankruptcy Judge Resignation

The U.S. Department of Justice's bankruptcy watchdog is seeking to force a law firm to give back millions of dollars in fees it earned in cases presided over by a top Texas bankruptcy judge after he

WeWork Bankruptcy Would Deal Another Blow to Ailing N.Y. Office Market

For years, landlords around the world clamored to get WeWork into their office buildings. Now, WeWork is perhaps days away from a bankruptcy filing — and its demise could not come at a worse time for

‘Sandwich Generation’ Is in a Jam and Struggling with Caregiving Costs, Survey Shows

According to New York Life’s new Wealth Watch Survey, nearly half of the "sandwich generation" — folks with children and elderly family members to look after — report being unable to meet basic living

Retired Businessman Will Lead Boy Scouts of America as It Emerges from Scandal-Driven Bankruptcy

The new president of the Boy Scouts of America plans to reverse the trend of declining membership and improve safety programs as the organization emerges from bankruptcy following a sexual abuse

How the Real Estate Broker Business Could Change

A federal jury dealt the biggest blow to the American home-buying industry in perhaps a century when it found that the powerful National Association of Realtors and several large brokerages had

Gemini Files $1.6 Billion Lawsuit Against Genesis for GBTC Shares

New York-based cryptocurrency exchange Gemini has officially initiated legal action against Digital Currency Group’s (DCG) Genesis Global in the Southern District of New York Bankruptcy Court

The Crypto Market Bears the Scars of FTX's Collapse

The cryptocurrency market is starting to bounce back a year after the collapse of crypto exchange FTX and other big players in 2022 crushed prices, tarnished the industry and prompted a regulatory

U.S. Regulators Agree to Ramp Up Oversight of Systemically Risky Nonbanks

U.S. regulators have cleared the way to increase oversight of asset managers, hedge funds and other nonbanks that they believe pose risks to the financial system, reviving a tough new regime that had

Yellow’s Rolling Stock to Be Sold by Ritchie Bros and Nations Capital

Nations Capital and Ritchie Bros. Auctioneers have received bankruptcy court approval to be the agent and liquidator of Yellow Corporation's transportation assets, Truckers News reported. The

More Homebuyers Backing Out of Deals as Mortgage Rates Hit 23-Year High

Homebuyers are backing out of deals at the highest rate in nearly a year, a new study found. The culprit: higher mortgage rates, Yahoo Finance reported. Roughly 53,000 U.S. home purchase agreements