NY Archdiocese Beats Chubb in Insurance Dispute Over Sex Abuse: Chubb Ltd. lost its bid to deny insurance to the Archdiocese of New York amid more than 3,000 lawsuits stemming from allegations of child sexual abuse, a New York court ruled.
Ebix Plummets After Filing for Bankruptcy Protection: Ebix tumbles as much as 73%, the most on record, and to the lowest intraday since May 2005, after the company filed for bankruptcy protection. Ebix said it reached a “stalking horse” agreement to sell its North American Life and Annuity assets to Zinnia for about $400m.
The Great American Warehouse Building Boom Is Over - WSJ: Industrial property construction starts tumbled 48% in the first nine months of the year compared with the same period in 2022, according to data company CoStar. That was the largest drop for that period since 2009.
Boston Market owner Jay Pandya files for bankruptcy: Boston Market owner Jay Pandya — who faces hundreds of lawsuits from vendors, franchisors, and employees regarding unpaid bills — filed for personal bankruptcy on Dec. 8 with the Eastern District of Pennsylvania Bankruptcy Court.
Over $4.8bn in claims levelled against Vesttoo entities by bankruptcy creditors - Artemis.bm: It appears that, in aggregate, creditors to the bankruptcy of forged reinsurance letter of credit (LOC) linked insurtech Vesttoo have filed over $4.8
Mike Novogratz Seeking More Crypto Bankruptcy Assets: Financial Times: Mike Novogratz's firm is also interested in companies FTX invested in as a venture capital provider.
Amazon in Talks to Invest in Diamond Sports - WSJ: Diamond Sports Group, which carries the games of more than 40 major sports teams across the country and filed for bankruptcy earlier this year, is actively negotiating with Amazon about a strategic investment and a multiyear streaming partnership, according to people familiar with the matter.
Equinox in Talks to Raise Over $1 Billion Ahead of Debt Maturities - WSJ: High-end fitness club chain Equinox is working with Goldman Sachs and Centerview Partners to raise more than $1 billion to refinance loans coming due early next year, according to people familiar with the matter.
