Bankruptcy & Restructuring News Headlines for Thursday Aug 19, 2021

Here's what we are reading this morning:

The American West is drying up | The Economist: The effects of climate change are being exacerbated by a century of bad policy | United States

Fracking Contractor Basic Energy to Be Broken Up in Bankruptcy: Basic Energy Services filed for bankruptcy for the second time in five years, planning to sell itself in parts and setting up a $47.5 million conflict with its controlling shareholder, Ascribe Capital.

Crypto is ‘95% fraud, hype, noise and confusion,’ says Fed’s Neel Kashkari - MarketWatch: Minneapolis Federal Reserve President Neel Kashkari on Tuesday had some harsh words for the nascent crypto asset market.

Housing construction slumps 7% in July to 1.53 million units - ABC News: Home construction fell a sharp 7% in July as homebuilders struggled to cope with a variety of headwinds

Caldor Fire Burns Through Grizzly Flats in California as Winds Fan Flames - Bloomberg: The Caldor Fire, sweeping through the hills east of Sacramento, grew eightfold in just a few hours to nearly 54,500 acres (22,000 hectares), state fire officials said Wednesday morning. The night before, it roared through the town of Grizzly Flats, destroying homes.

Intersection of Healthcare and Bankruptcy | Nelson Mullins Riley & Scarborough LLP : With over 15,500 SNFs in existence nationally, increased SNF bankruptcies could be right around the corner. The American Health Care Association anticipates that without government aid, at least 1,600 nursing homes could close by the end of 2021.

‘I Don’t Know’: Sackler Claims Ignorance of Oxy Death Toll - Bloomberg: Purdue Pharma’s ongoing bankruptcy trial saw former president Richard Sackler assert ignorance of how many people have died from OxyContin, the drugmaker’s addictive painkiller. Sackler, a son of Purdue co-founder Raymond Sackler, served as the company’s president in the early 2000s and sat on its board for almost three decades. His testimony in the case, a rare public appearance, follows that of his own son, David Sackler, on Tuesday.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Aug 18, 2021:

Older Post Newer Post