SDNY Bankruptcy Court Holds that “Opt-Out” Mechanism Renders Third-Party Releases Consensual in Spirit Airlines Chapter 11 Plan | DLA Piper : The Spirit Airlines ruling is the latest development in the evolving landscape for third-party releases in the aftermath of Purdue Pharma
Stellantis offers new buyouts to US factory workers: The offer, termed the Voluntary Termination of Employment Program (VTEP), is available to hourly employees at over 20 plants and parts distribution centres across Detroit and Toledo, as well as some workers in Illinois
Francisco Partners-Owned Rugs USA Nears Debt Restructuring - WSJ: The home-decor retailer has hired advisers PJT Partners and Kirkland & Ellis to craft a restructuring after missing debt payments
Sunnova Energy secures rescue financing as liquidity crisis deepens – 4Q24 Credit Report - ION Analytics: Sunnova Energy International (NOVA) faces a shortfall and a weakening financing environment that are increasingly likely to push it into bankruptcy
