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...The Office of the US Trustee, which represents the government’s interest in bankruptcy cases, has asked a court in Texas to reverse the award of fees made to the firm Jackson Walker in 26 cases overseen...
...The office of the US Trustee, a part of the Department of Justice that represents the public interest in bankruptcy cases, initially objected to S&C’s retention, arguing that the law firm had failed to properly...
...The DoJ’s bankruptcy court affiliate, the Office of the US Trustee, in a court filing now argues that Sorrento deployed “an abusive venue manufacturing scheme” to improperly land in Houston....
...The Office of the US Trustee, a division of the justice department that oversees the bankruptcy, has said those releases are unlawful because the Sacklers did not file for Chapter 11 bankruptcy protection...
...Under 28 U.S.C. section 1408, a company can file bankruptcy in any district where it has its domicile, principal place of business, or principal assets for 180 days prior to bankruptcy....
...and that “S&C knew, or was in a position to know, that FTX was co-mingling customer assets”....
...Cliff White, who previously managed the US Trustee programme, described the scandal as “a body blow to the integrity” of the bankruptcy system....
...Hailed as a “wunderkind” in his teens by German chancellor Helmut Kohl in the 1990s, the German financier has since weathered everything from corporate and personal bankruptcies to a suspended prison sentence...
...Boeing-Airbus stranglehold on single-aisle commercial jets nearly pushed it into bankruptcy in 2015....
...Plaintiff Marc Kirschner, a bankruptcy trustee for Millenium Health, claimed JPMorgan and several other banks that sold a $1.8bn syndicated loan for the California drug-testing company should have told investors...
...At the time of the Second Circuit’s ruling, the only main objector was the US Trustee, a “government entity without a financial stake in the litigation”....
...“José and I have a mutual friend on the museum board, the Colombian film and TV producer Isaac Lee [a Hirshhorn trustee who is the chief executive of Exile, a company promoting Spanish-language content and...
...Given all of that, a recent court case where a bankruptcy trustee asked a judge to classify them as securities (under state law, oddly enough) posed a vague threat to the status quo....
...many more zombie companies to claim bankruptcy....
...*This article has been amended to provide the correct name of the US Trustee Letter in response to this article: Bankruptcy court played its part in opioid case / From Ryan Dattilo, Chevy Chase, MD, US...
...A bond issued by the heavily indebted French telecoms group Altice, yielding 29 per cent and maturing in May 2027, has the largest weighting in Europe’s triple-C high-yield gauge, at 4.7 per cent....
...Marc Kirschner, the bankruptcy trustee, argues that these legal risks were not disclosed to investors because loans, wrongly, aren’t considered securities....
...to avail itself of bankruptcy”....
...To manage the growing liability, J&J deployed a controversial bankruptcy manoeuvre known as the Texas two-step....
...A Harvard Business Review analysis from 2021 estimated that bad chief executive and C-suite successions wiped out $1tn in market value from the S&P 1500 a year....
...The legacy contracts are still in place, even though they took massive hits during the bankruptcies....
...Chanel, too, has invested in biotech company Evolved by Nature, which last summer raised $120mn in series-C financing, as well as Arcaea (which also received investment from fragrance manufacturer Givaudan...
...The ‘D’ rating also will be used upon the filing of a bankruptcy petition or the taking of a similar action and where default on an obligation is a virtual certainty, for example due to automatic stay provisions...
...of bankruptcy of Circle....
...“We believe Soho House & Co is a zero,” the short seller wrote in a report released this week where it disclosed a bet against the business....
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