Skip to main content

Newsroom Headlines

Orange Juice Prices Hit All-Time High Amid Bleak Production Outlook

Prices for orange juice have risen to their highest since futures contracts started trading in New York in 1966, as an outlook for limited production in the U.S., Brazil and Mexico boosted investors'

October Commercial Chapter 11 Filings Increased 106 Percent over 2022

There were 631 commercial chapter 11 filings registered in October 2023, an increase of 106 percent from the 306 filings registered in October 2022, according to data provided by Epiq Bankruptcy, the

Prosecutor Cites 'Pyramid of Deceit' by Sam Bankman-Fried; Defense Lawyer Says He's No Monster

In a closing argument, a prosecutor told New York jurors Wednesday to follow the overwhelming evidence of FTX founder Sam Bankman-Fried 's “pyramid of deceit” to find him guilty of defrauding

Lordstown Motors Gets Approval from Federal Bankruptcy Judge on Next Step in Reorganization

Lordstown Motors Corp. on Tuesday got the green light from a Delaware bankruptcy court judge to begin soliciting votes for the electric vehicle developer’s plan of bankruptcy reorganization, the

Twin Cities' Water Gremlin — Rattled from Pollution Scandals — Goes Bankrupt, Looks to Sell Company

Water Gremlin Co., rattled in recent years by pollution scandals, has filed for chapter 11 protection and is in the process of trying to sell the company, the Minneapolis Star Tribune reported. The

Famed New York Restaurant Hwa Yuan Szechuan Files for Bankruptcy

Hwa Yuan Szechuan, one of Manhattan’s most critically acclaimed Chinese restaurants, filed for bankruptcy on Monday, a sign of the pressures that restaurants around the country are facing as they

New York Law Firm Plans to Dissolve After Partner Exodus to Rival

Stroock & Stroock & Lavan, one of New York’s oldest large law firms, is planning to dissolve after losing attorneys to rivals and a series of failed merger talks, the Wall Street Journal reported. The

Ex-Skadden Restructuring Head Teams with UBS Finance Veteran to Form Advisory Firm

Pioneering bankruptcy lawyer Jay Goffman is starting a new advisory firm with Steve Smith, a former head of restructuring and leveraged finance at investment bank UBS, that will offer merchant-banking

U.S. Court Tells SEC to Fix 'Defective' Share-Buyback Rule

Wall Street's top regulator must correct "defects" in a new rule on share buybacks adopted earlier this year, a federal appeals court has ruled, marking a partial win for powerful trade groups waging

Apple-Picking Orchards in Upstate New York Pushed to Financial Brink

The recent spate of wet weather has been nothing short of disastrous for many upstate New York apple-picking farms that make most of their annual income from tourists filling bags with Galas