A Delaware judge says the turnaround financier wrongly stripped the Zohar funds of their right to appoint Stila’s manager.
StraightPath and its founders face civil fraud charges over the handling of $410 million raised from at least 2,200 investors from across the U.S. and 13 other countries
Drugmaker Mallinckrodt has obtained support among unsecured bondholders to fund its exit from chapter 11 after a chilly reception from the leveraged credit market.
The owner of Ebony magazine is nearing a deal to acquire Black News Channel out of bankruptcy, a proposal that could revive the cable news network meant to provide Black Americans’ perspective on current events after it shut down abruptly earlier this year.
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Biggest gainers and losers among high-yield bonds and widely-quoted syndicated loans.
High-Yield Bonds
| BOND | % CHANGE |
|---|---|
| Coeur Mining, Inc. 5.125% due 02/15/29 | 8.494% |
| China SCE Group Holdings Limited 7.25% due 04/19/23 | -7.629% |
Leveraged Loans
| LOAN | % CHANGE |
|---|---|
| Schur Flexibles 9/21 Cov-Lite TLB | 3.94% |
| Genesis Care 10/18 (EUR) Cov-Lite TLB | -7.69% |
Source: IHS MarkitFULL TABLE
A list of some new chapter 11 bankruptcy filings made during the last week.
This is a summary of a request from Honx Inc. to hire Bates White LLC as asbestos consultants, filed May 13 with the U.S. Bankruptcy Court in Houston.
This is a summary of a request from Talen Energy Supply LLC to hire Weil Gotshal & Manges LLP as counsel, filed May 18 with the U.S. Bankruptcy Court in Houston.
This is a summary of a request from Ruby Pipeline LLC to hire Richards Layton & Finger PA as counsel, filed May 5 with the U.S. Bankruptcy Court in Wilmington, Del.
This is a summary of a request from Sungard Availability Services to hire Akin Gump Strauss Hauer & Feld LLP as co-counsel, filed May 10 with the U.S. Bankruptcy Court in Houston.