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ABI Journal: The New Dance in Bankruptcy: Trotting Around Purdue
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The aftermath of Purdue has proven more nuanced as creative practitioners have responded with strategies to preserve or adapt third-party releases. This has led to a rapidly evolving restructuring landscape — in the U.S. and abroad.. READ MORE
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New Insights from the Rise of Private Credit
How could the ongoing growth of private credit impact borrowing, investing, and lending strategies? Explore the insights in this deep dive from SRS Acquiom, including the latest data from 2025. Explore the Insights
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U.S. Startup Lyten to Buy Troubled European Battery Maker Northvolt
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U.S. battery startup Lyten has agreed to buy most of bankrupt Swedish battery maker Northvolt, it said on Thursday, potentially offering a way back for the European company that was once seen as the region's answer to rivals in Asia, Reuters reported. Lyten, a Silicon Valley battery startup developing lithium-sulphur cells as a cleaner alternative to lithium-ion, is backed by Jeep-owner Stellantis and U.S. delivery services provider FedEx. READ MORE
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J&J Talc Evidence Gets Review by Ex-Judge at Drugmaker Law Firm
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A retired federal judge will help decide the fate of thousands of Johnson & Johnson baby powder cancer lawsuits even though her law firm represents the drugmaker in other matters, Bloomberg News reported. Freda Wolfson was appointed earlier this summer to re-examine how experts analyzed some scientific evidence on the link between J&J’s talc-based powder and cancer. She has deep expertise after conducting a similar inquiry while overseeing suits accusing J&J of hiding its baby powder’s health risks. READ MORE
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Small-Business Bankruptcies Increased This Past Year. Will Tariffs Accelerate That?
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As the Trump administration has inked out a more concrete tariff framework, businesses are beginning to factor in price increases into their business models. But not every company will be able to absorb higher costs, creating another way a company might end up in distress, Inc. reported. Small-business bankruptcy filings increased by 30 percent in July year-over-year, ticking up to 206, compared with 159 the year prior, according to new data from Epiq. READ MORE
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Midwest Regional Bankruptcy Seminar
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The Westin Cincinnati
August 12 | Cincinnati, Ohio
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Private Credit Loan Refinancing: Considerations for Borrowers and New Lenders
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Mergers and Acquisitions Webinar Series
September 10
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 | | Daily Roundup |
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Trump Board Firings Stoke Fear over Puerto Rico’s Energy Future
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A court fight over billions owed by Puerto Rico’s power utility has claimed a major casualty: five members of the often-reviled board overseeing the territory’s finances, <em>Politico</em> reported. President Donald Trump purged the majority of the seven-member oversight board, the board said on Tuesday. The move is raising fears among Puerto Ricans that they will be stuck paying off the full weight of the utility’s debt for decades to come for a power system that catastrophically fails. (Subscription required.) READ MORE
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Ombudsman Ordered to Monitor Patient Care in Wake of Villages Health Bankruptcy
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An ombudsman has been appointed to monitor patient care at The Villages Health, Villages-News.com reported. Suzanne Richards, who operates SMR Healthcare Management Inc. in Las Vegas, has been named the official patient care ombudsman, according to documents on file in U.S. Bankruptcy Court. READ MORE
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U.S. Judge Vacates Fed’s Debit Card 'Swipe Fees' Rule, But Pauses Order for Appeal
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A U.S. judge has vacated the Federal Reserve’s “swipe fees” regulation that capped the amount banks charge merchants for processing debit transactions, in a ruling favoring retailers that have long complained about paying inflated amounts, Reuters reported. The court ruling, issued by a federal judge in North Dakota, will not take immediate effect, giving the Federal Reserve a chance to appeal the ruling. READ MORE
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Paxos Trust Reaches $48.5 Million Settlement with New York Related to Binance
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Paxos Trust reached a $48.5 million settlement to resolve New York charges it failed to conduct sufficient due diligence of its former partner Binance, and had systemic failures in its anti-money laundering program, the state's financial services regulator said on Thursday, Reuters reported. The settlement calls for Paxos to pay a $26.5 million fine and spend $22 million to improve its compliance program and address deficiencies, New York financial services superintendent Adrienne Harris said. READ MORE
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Trump Targets Banks with Order Barring Discriminatory ‘Debanking’
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President Donald Trump stepped up pressure on large banks and their regulators on Thursday, signing an executive order requiring the banking industry to ensure it is not refusing financial services to anyone based on political or religious beliefs, a practice frequently described as “debanking,” Reuters reported. The order directed regulators to review all banks they supervise for any current or past practices that would effectively bar customers based on political or religious beliefs, and levy fines or other disciplinary measures as needed. It said regulators may refer certain cases to the Justice Department for potential civil action and also directed regulators themselves to purge any policies or practices that may discourage banks from providing services based on non-financial reasons. READ MORE
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Trump Picks Stephen Miran to Fill Open Spot on Fed Board
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U.S. President Donald Trump on Thursday said he will nominate Council of Economic Advisers Chairman Stephen Miran to serve out the final few months of a newly vacant seat at the Federal Reserve while the White House seeks a permanent addition to the central bank's governing board, Reuters reported. Miran, who has called for a complete overhaul, opens new tabof the Fed's governance, would take over from Fed Governor Adriana Kugler following her surprise resignation last week, as she returns to her tenured professorship at Georgetown University. READ MORE
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Judge Dismisses U.S. Consumer Watchdog Lawsuit Against Experian
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A lawsuit filed by the Consumer Financial Protection Bureau against credit rating giant Experian over credit report accuracy was dismissed on Wednesday, according to a court filing, Reuters reported. The lawsuit, filed by the agency in January under the Biden administration, alleged that Ireland-based Experian had failed American consumers who had challenged the accuracy of their reports. Judge Michelle Williams of the Central District of California federal court dismissed the lawsuit without prejudice, allowing the CFPB to file an amended complaint if it wished to do so. READ MORE
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