Bankruptcy & Restructuring News Headlines for Tuesday Feb 15, 2022

Here's what we are reading this morning:

Staten Island’s Empire Outlets Mall Enters Foreclosure: Debt restructuring needed after 12 tenants abandoned 50,000 square feet of retail during the pandemic

CertainTeed Loses Bid to Toss Asbestos Victims’ Suit Over Assets: An asbestos victim group will get to proceed with a lawsuit to consolidate building material maker CertainTeed LLC’s assets with those of its bankrupt unit that was spun off to handle related litigation.

Crypto firm BlockFi to pay record penalty to settle U.S. SEC, state charges | Reuters: A subsidiary of crypto company BlockFi Inc has agreed to pay $100 million to the U.S. Securities and Exchange Commission (SEC) and 32 states to settle charges in connection with a retail crypto lending product the New Jersey company offered to nearly 600,000 investors, regulators said on Monday.

Talc Users Suing J&J Decry ‘Abusive’ Bankruptcy as Trial Opens: A high-stakes trial kicked off Monday over Johnson & Johnson’s strategy for moving costly talc litigation to bankruptcy court.

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