Stretto Introduces First Generative AI Communication And Research Platform Designed For Corporate Bankruptcy Cases: This advancement marks the debut offering from Stretto Intelligence, showcasing the company’s commitment to pioneering AI-enabled solutions that empower legal professionals to achieve unprecedented levels of efficiency and success in bankruptcy practice.
Wildfires intensify a pivotal moment for the insurance industry - The New York Times: With over 13,000 homes at risk, the losses from the Los Angeles wildfires could approach $10 billion, according to preliminary estimates by J.P. Morgan. The financial devastation threatens to upend an insurance market that is already under profound financial strain.
Alta Mesa Reaches $126 Million Deal to End SPAC Fraud Case: Alta Mesa Resources Inc. and investors proposed a $126.3 million settlement to settle fraud claims related to the now-defunct oil and gas company’s blank-check merger and subsequent collapse.
Ex-Endo Directors Move to Dismiss Trustee's Opioid Sales Suit: Former Endo International Plc officers and directors moved to throw out a bankruptcy trustee’s lawsuit accusing them of sinking the company’s fortunes, calling it “a thinly veiled attempt to extract money from insurance policies.”
Sixth Street Strikes Deal to Manage $13 Billion of Insurer’s Assets - WSJ: Private credit is one of the fastest-growing areas of finance, and money from insurance companies has been its rocket fuel. In the latest example, investment firm Sixth Street is forging a partnership with Northwestern Mutual to manage $13 billion of the insurer’s assets, executives from the companies said. The money will primarily be invested in asset-based finance, a hot area that encompasses a swath of consumer lending, including mortgages, credit-card loans and auto loans.
