Dallas-Area Hospital Files Bankruptcy Two Years After Opening - Bloomberg: Trinity Regional Hospital Sachse defaulted on municipal debt; healthcare center will hunt for a buyer in bankruptcy
Camden Diocese Bankruptcy Plan Rejected Over Insurer Treatment: The bankrupt Diocese of Camden’s plan to create an $87.5 million trust for sexual abuse victims was rejected by a New Jersey bankruptcy judge over concerns that it’s unfair to insurers.
Puerto Rico Utility Bankruptcy Plan Faces Growing Opposition - Bloomberg: An increasing number of creditors are pushing back against a plan to cut the debt load of Puerto Rico’s bankrupt power utility by 75%, with investors and insurers accounting for $3.6 billion of the bonds set to vote against the proposal, a lawyer warned Wednesday.
DOJ pushes for clarity on Sam Bankman-Fried's advice-of-counsel defense | The Block: The DOJ responded to Sam Bankman-Fried's intention to present an advice-of-counsel defense at his upcoming October trial.
ADP Payrolls Data: US Companies Added 177,000 Jobs in August 2023 - Bloomberg: US companies in August added the fewest jobs in five months, a private report showed, adding to signs of moderating labor demand.
Gatekeeping Provisions in Chapter 11 Plans May Be Alternative to Nonconsensual Nondebtor Releases | Pillsbury Winthrop Shaw Pittman LLP: Where broad nonconsensual nondebtor releases are unavailable, the Fifth Circuit has endorsed gatekeeping provisions and injunctions to protect certain nondebtor plan participants from post-confirmation litigation
Hawaiian Electric future funding in question as capital needs extend beyond fire... | ION Analytics Community: Potential damage claims from the fires are only the start of HEI’s liquidity needs, the sources said. No matter who ends up owning the assets, HEI will need to raise new capital to upgrade its grid, said the buysider, who said that as a result, HEI must walk a fine line when dealing with creditors. “I don’t know how you raise money to pay off all the claims, plus rebuild and harden the system,” said the second advisory source who advises utilities.
