Bankruptcy & Restructuring News Headlines for Friday Nov 15, 2024

Here's what we are reading this morning:

Angry Judge Questions Transparency of Onion Bid for Infowars: A frustrated bankruptcy judge said he has concerns over the process in which satirical news site The Onion won an auction for right-wing provocateur Alex Jones’ Infowars website.

The Onion Wins Auction for Alex Jones's Infowars Assets - WSJ: The satirical website joins with families who lost children in the Sandy Hook massacre to acquire Infowars

Landlords Bombard Brooklyn Bankruptcy Court With Hopeless Cases: Financially distressed building owners in New York City’s outer boroughs and Long Island are filing untenable bankruptcy cases with abandon, flooding the district with hundreds of commercial cases that are doomed to fail from the start.

Shelf Drilling Private Unit’s Public Listing Touches Off Bondholder Dispute - WSJ: Offshore drilling contractor Shelf Drilling is continuing a unit’s stock-exchange listing even though it doesn’t have any shares available to trade, an unusual arrangement bondholders allege has stripped them of a key credit protection

Trustee Says Cornell Capital ‘Plundered’ Bankrupt Instant Brands - WSJ: A court-appointed lawyer said a $345 million dividend recapitalization led to the Instant Pot maker’s bankruptcy





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