Bankruptcy & Restructuring News Headlines for Friday May 7, 2021

Here's what we are reading this morning:

Weekly jobless claims tumble below 500K for first time since Covid crash: Initial claims for unemployment benefits fell sharply last week to 498,000, a drop of nearly 100,000 from the previous week and below the 527,000 estimate.

Covid Pandemic Forces Families to Rethink Nursing Home Care - The New York Times: Even with vaccines, many older people and their relatives are weighing how to manage at-home care for those who can no longer live independently.

Creditor Committees of Delaware LLCs Should Take Action to Preserve Derivative Standing | Arent Fox : Recent decisions and court commentary suggest that a creditors’ committee appointed in a Chapter 11 case should take immediate action to ensure that its rights to pursue derivative standing are preserved, particularly when the debtor is a limited liability company

Energy Transfer Made $2.4 Billion From Texas Winter Storm - Bloomberg: Energy Transfer LP, the pipeline giant controlled by billionaire Kelcy Warren, has emerged as the biggest winner so far from the deadly winter storm that paralyzed Texas in February.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday May 6, 2021:

Judson College to close, file Chapter 11 bankruptcy - Birmingham Business Journal: Judson College, a 183-year-old private school and one of the nation's oldest universities for women, plans to close its doors and file Chapter 11 bankruptcy

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