The Tupperware Party Is Over: Iconic Kitchenware Maker Files Bankruptcy - WSJ: The homeware brand synonymous with cold leftovers has faced declining sales and aims to sell itself out of chapter 11
The Fed cuts key rate by half-point, signaling end to its inflation fight | AP News: The Fed signaled that it will cut the rate by another half a percentage point this year and expects four more cuts in 2025 and two in 2026
Viola Credit and Apollo Affiliate Form $500 Million Joint Venture - WSJ: The global alternative-asset firm’s partnership with Apollo Global Management affiliate Cadma Capital Partners focuses on asset-based lending for technology companies
NYC Outer Borough Landlords Flood Brooklyn’s Bankruptcy Court: Brooklyn, Queens real estate bankruptcies most common in US; Rent stabilization, stalled development driving surge of cases
Third Circuit Finds Make-Whole Is Unmatured Interest That Must Be Paid by Solvent Debtor | Morgan Lewis: The US Court of Appeals for the Third Circuit on September 10, 2024 issued its anticipated opinion in In re The Hertz Corp., with a majority holding that make-whole premiums constitute unmatured interest disallowed by the US Bankruptcy Code, but also finding that solvent debtors must pay creditors their full claims as dictated by contract, including make-whole and post-petition interest, before distributions can be made to equity
