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Judge Won’t Let Alex Jones Use Bankruptcy to Avoid Sandy Hook Damages

The judge in Alex Jones’s bankruptcy case ruled on Thursday that he will not be allowed to use his chapter 11 filing to evade paying more than $1 billion in verdicts to families of the Sandy Hook

Top Bankruptcy Judge’s Exit Shakes Houston Hub He Helped Build

Judge David R. Jones became the nation’s leading bankruptcy judge by making his court an attractive place for troubled businesses to face their creditors. His sudden departure over a previously

Sam Bankman-Fried Sought 'Justifications' for Missing Funds, Lawyer Testifies

Cryptocurrency exchange FTX's former top lawyer testified yesterday that its founder Sam Bankman-Fried asked him to come up with "legal justifications" for why it was missing $7 billion in customer

Rite Aid Lays Out Plan to Close 154 Stores Amid Chapter 11 Process

Rite Aid plans to plans to close about 7% of its stores initially, as the drugstore chain makes its way through its chapter 11 bankruptcy process, the Associated Press reported. The company submitted

Palm Beach County RV Dealer Files Chapter 11

Waits RV Center in West Palm Beach filed for chapter 11 protection with 41 new and used recreational vehicles listed in its inventory, the South Florida Business Journal reported. The company

Fed’s Barr Says Banks Need Broader Stress Tests to Expose Risks

The Federal Reserve’s head of supervision wants to broaden the scenarios in annual stress tests to gauge whether big banks can weather shocks and still keep lending, Bloomberg News reported. This year

Chicago Wins Fitch Upgrade on Strides Made for Economy, Debt

Chicago earned an upgrade from Fitch Ratings Thursday thanks to the city’s improving economy and diminishing long-term debt burden, Bloomberg News reported. Fitch boosted the rating of the third

Jerome Powell Signals Fed Will Extend Interest-Rate Pause

Federal Reserve Chair Jerome Powell suggested the run-up in long-term Treasury yields could allow the central bank to suspend a historic run of interest-rate increases so long as recent progress on

Bankruptcy Judge's Sudden Resignation Causes 3,500 Cases to Be Reassigned

A federal court in southern Texas quickly moved to reassign about 3,500 bankruptcy cases after the sudden resignation of U.S. Bankruptcy Judge David Jones in Houston, transferring his large-company

Former CEO of Lordstown Motors Approved to Buy Company Assets for $10 Million

Electric vehicle company Lordstown Motors received U.S. bankruptcy court approval Wednesday to sell its manufacturing assets to a new company affiliated with its founder and former CEO Stephen Burns