DA Says Allegheny County Pension System Risks Insolvency - Law360: The Allegheny County employee retirement coffers could run out of money within 15 years, the Pennsylvania jurisdiction's top prosecutor warned in a lawsuit seeking to make the county and the retirement board fix the allegedly floundering system.
Container Store Prepares to File for Bankruptcy in Coming Weeks: The Container Store Group Inc. is preparing to file for bankruptcy in the coming weeks following mounting losses and escalating liquidity woes, according to people with knowledge of the plans.
New Spirit Airlines Notes Reveal Market’s Debt-Deal Anxiety: Certain Spirit Airlines Inc. bondholders obtained special protection in a $840 million financing deal poised to propel the airline out of bankruptcy, guarding them from financial restructurings that have roiled debt investors in recent years by favoring some creditors over others
