Bankruptcy & Restructuring News Headlines for Monday Feb 19, 2024

Here's what we are reading this morning:

Supreme Court Pauses Boy Scouts Ch. 11 Plan - Law360: The U.S. Supreme Court paused the Boy Scouts of America's Chapter 11 bankruptcy on Friday, the same day that some survivors of childhood sexual abuse were due to pay a hefty fee in order to start an intensive review process on their claims against a $2.5 billion trust established to compensate victims.

Alito Pauses Boy Scouts Bankruptcy Abuse Deal Amid Fund Question: US Supreme Court Justice Samuel Alito put a temporary pause on the Boy Scouts’ bankruptcy plan at the request of ex-scouts challenging a settlement trust aiming to compensate sex abuse victims.

US Prosecutors in Binance Case Urge Judge to Accept Plea Deal - Bloomberg: US prosecutors justified one of the largest criminal penalties in US history, saying Binance Holdings Ltd. willfully violated the nation’s economic sanctions laws and left the financial system vulnerable to “those who seek to exploit our system for their own gain.”

Celsius distributed $2 billion of crypto to creditors, court document shows | The Block: Bankrupt lender Celsius has distributed $2 billion worth of crypto to creditors, including over 20,000 BTC and 300,000 ETH, the firm said.

Older Post Newer Post