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Judge Denies Texas Attorney General’s Request to Pause Highland Bankruptcy for Charity Probe
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The Texas attorney general is looking into a nonprofit foundation linked to bankrupt investment manager Highland Capital Management following a dispute over roughly $270 million in charitable assets involving former Highland Chief Executive James Dondero, WSJ Pro Bankruptcy reported. READ MORE
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SPONSORED CONTENT
Predatory Uptiering: Three Steps to Protect Against Being Primed
While uptiering disputes are not new, the loan market has seen an uptick in recent years. If not careful, lenders can lose their lien claim positions to a newer, senior lender. SRS Acquiom explains the primary mechanisms of predatory uptiering and identifies steps lenders can take to protect against it—all in one easy-to-reference page. Download the Guide
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 | | Editor's Picks |
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Your Bank Might Punish You for Those ‘Buy Now, Pay Later’ Purchases
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Banks don’t want you bingeing on “buy now, pay later” plans, and they say it might actually hurt your chances of getting approved for a mortgage or credit card, the Wall Street Journal reported. (Subscription required.) READ MORE
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SEC Would Set Up Guardrails for Private Investments in Retirement Plans, Chairman Says
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The U.S. Securities and Exchange Commission is prepared to work with the Labor Department to establish guardrails for investors if they gain greater access to private markets in retirement plans, the agency's chief said, Reuters reported. READ MORE
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NY Fed Survey Finds Easier Access to Auto Loans, Mortgage Refinancing
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U.S. households fared far better when applying for credit for mortgage refinancing or auto loans in June, new figures on credit access from the Federal Reserve Bank of New York show, Reuters reported. READ MORE
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 | | Upcoming Events |
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Mergers and Acquisitions Series: Key Considerations in the Current Market
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abiLIVE Webinar sponsored by SC&H Capital
July 24
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2025 Southeast Bankruptcy Workshop
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The Ritz-Carlton, Amelia Island
July 24-27 | Amelia Island, Fla.
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 | | Daily Roundup |
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A Real-Estate Tycoon’s Loan Went Bad. Then They Came for His Ferraris and Fine Wine.
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In 2022, the New York-based investment firm Fortress made a $535 million loan to Cohen Realty Enterprises as a way to consolidate his previous debt, the Wall Street Journal reported. (Subscription required.) READ MORE
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Meta Investors Settlement with Zuckerberg Takes Heat off Delaware
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A last-minute settlement between Meta Platforms shareholders and the company's leadership last week ended an $8 billion trial and spared Mark Zuckerberg from testifying about alleged violations of Facebook users' data. It also took the heat off the state of Delaware, which has been plagued by criticism from technology and business leaders, Reuters reported. READ MORE
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U.S. Leading Indicators Show Economic Clouds Gathering
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The U.S. economy is set to slow, leading economic indicators say, with the impact of tariffs becoming more pronounced in the second half of the year through higher prices. The Leading Economic Index, or LEI, published Monday by research group The Conference Board, declined 0.3% to 98.8 in June, the Wall Street Journal reported. (Subscription required.) READ MORE
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U.S. Homebuilders Head into Back Half of 2025 with Rising Costs, Tariff Uncertainty
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U.S. homebuilders are navigating several headwinds as they approach quarterly earnings reports, including rising costs of construction materials, persistently high interest rates, and concerns that President Donald Trump’s proposed mass deportation efforts could significantly impact the construction industry, Reuters reported. READ MORE
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