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...The US Trustee noted that after Freeman left Jackson Walker the firm had retained her as a contract attorney in some bankruptcies cases overseen by Jones....
...Aldi, Système U did not reply to requests to comment....
...People close to S&C and FTX noted that all the company’s actions had to be approved by the bankruptcy court with the consent of the US Trustee and creditors, and pointed out that Bankman-Fried had several...
...The US trustee is seeking to reverse more than $13mn in fees the firm was paid in about two dozen cases where it failed to disclose the relationship to the bankruptcy court....
...and the Meaning of Risk (AllianceBernstein) — Partying With The U.S....
...Garcia vowed a high-speed U-turn. His company would slash costs and its heady ambitions for growth would take a back seat to proving efficiency....
...Cliff White headed the Justice Department’s bankruptcy “watchdog” unit, the US Trustee Program, for 17 years prior to his retirement in 2022....
...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...
...Cliff White, who previously managed the US Trustee programme, described the scandal as “a body blow to the integrity” of the bankruptcy system....
...Under the US Constitution, bankruptcy laws are to be enacted only by the US Congress, and only federal courts handle bankruptcy cases....
...This is notwithstanding that a large share of USDT’s reserves comprise short-term U.S. treasury bills and other U.S. dollar cash equivalents....
...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”....
...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...
...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....
...*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...
...Now, that number is presumably about 100 per cent — SDC filed for Chapter 11 bankruptcy in September, and then for Chapter 7 liquidation in January....
...The slower expectations for the transition come as companies make U-turns on their climate pledges and governments double down on fossil fuels amid energy security concerns....
...Right, we’ve gotten that impression from heaps of testimony and bankruptcy documents....
...Marc Kirschner, the bankruptcy trustee, argues that these legal risks were not disclosed to investors because loans, wrongly, aren’t considered securities....
...That is only becoming more apparent as increasing numbers of local authorities declare bankruptcy. At the same time, more and more mayoralties are being created, in the name of decentralisation....
...Neumann wants to buy WeWork out of bankruptcy, and SoftBank, as one of the company’s largest creditors, has to entertain the idea....
...The legacy contracts are still in place, even though they took massive hits during the bankruptcies....
...The US bankruptcy trustee, a division of the US Department of Justice, has also opposed J&J’s strategy arguing there are “slim to nonexistent prospects” for a successful reorganisation and any additional...
...The US trustee, an office of the justice department that is responsible for overseeing bankruptcies, objected to keeping the creditors’ names secret, along with media organisations including the Financial...
...Those net zero U-turns could also raise household bills, according to the parliament’s Climate Change Committee....
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