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BankruptcyData: 2Q25 Distress Exposure Report
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A new report available from Bankruptcy Data analyzes credit exposure in distressed/out-of-court restructurings in the second quarter of 2025 by leveraging funded debt instrument-holder data. READ MORE
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 | | Editor's Picks |
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Nano Dimension's Subsidiary Desktop Metal Files for Bankruptcy
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Nano Dimension said its subsidiary Desktop Metal has filed for bankruptcy, Dow Jones Newswires reported. The Waltham, Mass.-based digital manufacturing solutions company on Monday said Desktop Metal's independent board of directors made the decision to file for chapter 11 bankruptcy protection. READ MORE
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Terraform Chapter 11 Administrator Says Law Firm Is Obstructing Investigation
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The administrator winding down what remains of Terraform Labs says Dentons, Terraform’s former law firm, is obstructing efforts to investigate its role in the crypto company’s collapse until a bankruptcy court signs off on $25 million in legal fees, WSJ Pro Bankruptcy reported. READ MORE
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Advisers Reap $500 Million from Longest Asbestos Bankruptcy
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Lawyers and financial advisers working on a Georgia-Pacific unit’s bankruptcy have billed almost $490 million over nearly eight years, but bankruptcy professionals say that’s not unusually high for a case that’s trying to settle with tens of thousands of people holding asbestos claims, Bloomberg Law reported. Georgia-Pacific created Bestwall and placed it in bankruptcy in November 2017 to address mass tort liabilities from claims that the manufacturer’s products contained asbestos that caused cancer. A proposed bankruptcy plan would create a $1 billion trust to compensate the claimants. There are at least 64,000 claims, according to court records. READ MORE
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 | | Upcoming Events |
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Consent, Conflict, and Cross-Border Challenges: Insights into Third Party Releases
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ABI/NCBJ "Behind the Bench" Webinar
August 12
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Southwest Bankruptcy Conference
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The Ritz-Carlton Bacara
August 25-27 | Santa Barbara, Calif.
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 | | Daily Roundup |
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Spirit Airlines to Furlough 270 Pilots, Demote More than 100 Others as It Prepares to Cut Flights
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Spirit Airlines said yesterday that it will furlough 270 pilots this fall as the carrier prepares for a smaller off-season schedule to try to find its financial footing, CNBC.com reported. The airline will also downgrade 140 pilots from captain to first officer. READ MORE
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Stellantis Attempts 'Right-Sizing' Its Business Amongst Tariff Turmoil
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Big Three automaker Stellantis will give a more detailed look into its first-half financials after releasing preliminary figures last week, YahooFinance.com reported. Stellantis — which counts brands like Ram, Jeep, Fiat and Alfa Romeo in its product portfolio — said it expects net revenues in the first half of 2025 to come in at 74.3 billion euros ($86.13 billion), resulting in a net loss of 2.3 billion euros ($2.67 billion). READ MORE
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Union Pacific to Buy Norfolk Southern in $85 Billion Railroad Deal
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Union Pacific, a freight rail giant, announced on Tuesday that it had reached an agreement to acquire Norfolk Southern, another large railroad, in a deal worth $85 billion, the New York Times reported. The merger would create the U.S’s first coast-to-coast rail network and span some 50,000 miles across 43 states. But the deal would put around two-fifths of rail freight in the hands of one company, raising fears that it would reduce competition in a crucial industry. READ MORE
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