Bankruptcy & Restructuring News Headlines for Friday Jan 24, 2025

Here's what we are reading this morning:

LA fire insured losses estimated at $28 billion, KCC says | Reuters: Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfires in U.S. history

Sacklers Up Their Offer to Settle Purdue Opioids Cases, With a New Condition - The New York Times: A group of 15 states have reached a tentative new deal that would require them to set aside hundreds of millions of dollars from the settlement in a legal-defense fund for the family

Nikola (NKLA) Explores Sale, Partnerships With Cash Dwindling - Bloomberg: Nikola Corp. is exploring options to stave off a cash crunch, including potentially selling parts or all of the company, according to people familiar with the matter.





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