Bankruptcy & Restructuring News Headlines for Tuesday Jun 4, 2024

Here's what we are reading this morning:

LaVie Files for Chapter 11 Bankruptcy, Citing Skilled Nursing Sector Challenges - Skilled Nursing News: LaVie Care Centers, operator of 43 skilled nursing and assisted living facilities, filed for Chapter 11 bankruptcy on Sunday. Intending to facilitate an

Third Circuit Updates Its Standard for Granting Comity to Foreign Bankruptcy Proceedings | Insights | Jones Day: Many recent court rulings have examined the indispensable role of comity in the context of foreign bankruptcy or insolvency proceedings that have been "recognized" by U.S. courts during the two decades since the enactment of chapter 15 of the Bankruptcy Code.

Paul Hastings Adds Private Credit, Restructuring Partners From King & Spalding - WSJ: The hires include Jennifer Daly, who joins as the head of the private credit and special situations practice

CalAmp, a Fleet-Tracking Software Maker, Files for Bankruptcy - WSJ: The publicly traded company is proposing to swap $229 million of convertible notes held by Lynrock Lake into equity

After raising $100M, AI fintech LoanSnap is being sued, fined, evicted | TechCrunch: AI mortgage startup LoanSnap is facing an avalanche of lawsuits from creditors and has been evicted from its headquarters in Southern California, leaving employees worried about the company’s future, TechCrunch has learned

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