FTX’s $14+ Billion Bankruptcy Plan Approved in ‘Model Case’ | Sullivan & Cromwell LLP: Confirmation allows implementation of a string of novel settlements with governmental authorities and non-U.S. insolvency trustees, clearing the way for FTX to return to all non-governmental creditors substantially more than 100 percent of the amount normally due under the Bankruptcy Code
How the U.S. Supreme Court's Rulings on Kaiser and Purdue Pharma Affect Insurers' Rights and Interests in Chapter 11 Cases | Hinshaw & Culbertson: The ruling is not necessarily favorable or unfavorable for insurers as a whole. Insurers may support or oppose a particular plan and take different positions on the nature of the releases and other elements of a Plan in different matters.
Official Committee of Unsecured Creditors Secures a Significant Settlement in Chapter 11 Cases of Liquidating Supply, Inc. (f/k/a Supply Source Enterprises, Inc.) and its Affiliates: The settlement provides for a waiver of claims from various parties in an aggregate amount of $104 million. It also provides for the contribution of nearly $2 million in cash to a liquidation trust to be formed pursuant to the plan for the benefit of unsecured creditors. Prior to the settlement, general unsecured creditors were originally slated to receive no recovery.
Ultra Safe Nuclear Corp. Files for Chapter 11 Bankruptcy: Ultra Safe Nuclear Corp., a privately held nuclear fuel and reactor-parts provider, filed for Chapter 11 bankruptcy in Delaware on Tuesday.
Exactech files for Chapter 11, agrees to investor buyout: The bankruptcy filing follows Exactech’s failure to reach an out-of-court settlement for product liability claims brought by around 2,600 patients in response to recalls of orthopedic devices, according to a court document
