Stellantis U.S. auto sales extend free fall in third quarter: Stellantis reported U.S. sales Wednesday of 305,294 from July through September, a 19.8% decline from the third quarter of 2023
Second Circuit Rules Bankruptcy Code’s “Safe Harbor” Provision Preempts State Law Fraudulent Transfer Claims | DLA Piper: On September 19, 2024, the US Court of Appeals for the Second Circuit issued a summary order in which it held that the “safe harbor” provision of Section 546(e) of the Bankruptcy Code preempted a bankruptcy trustee’s state law fraudulent conveyance claims. Holliday v. Credit Suisse Securities (USA) LLC, et al.
Struggling Rental Company Sonder Tries to Dodge WeWork Plight - WSJ: The hotel-and-apartment rental company is renegotiating leases and partnering with a hotel group to avert the same collapse brought on by a similar model that drove WeWork into bankruptcy
DISH crossholder group balks at proposed debt exchange and seeks to extend co-op pact: Members of the DISH Network/DISH DBS crossholder group are not planning to accept the debt exchange terms offered alongside EchoStar’s agreement to sell its satellite TV company to DIRECTV and spectrum-linked capital raises, according to 9fin sources
Spirit Airlines Explores Bankruptcy Filing - WSJ: The budget carrier has been discussing a possible restructuring agreement to be implemented in chapter 11
