Bankruptcy & Restructuring News Headlines for Wednesday Apr 20, 2022

Here's what we are reading this morning: Announces More Layoffs, Citing Mortgage Market Turbulence - The New York Times: The mortgage lender cut its staff again after firings in December and March, including one conducted on a mass Zoom call.

Climate-Change Risks Get the Attention of Real Estate Investors - The New York Times: They are thinking more seriously about flooding, but a lack of established standards for assessing development projects is challenging their efforts.

Biden launches $6B effort to save distressed nuclear plants | The Seattle Times: The Biden administration is launching a $6 billion effort to rescue nuclear power plants at risk of closing, citing the need to continue a carbon-free source of power.

Bankrupt Camden Diocese Agrees to Pay Abuse Victims $87.5 Million: The Diocese of Camden in New Jersey will pay about 300 abuse survivors $87.5 million in a settlement reached as part of its Chapter 11 case, the diocese said.

Bankrupt Black News Channel Gets $1.6 Million Infusion from Jaguars Owner Khan - Bloomberg: Black News Channel has won a federal judge’s permission to borrow desperately needed funds from its owner so the troubled media outlet can keep operating while it searches for a buyer.

If You Know Something, Say Something, or Lose Good-Faith Protection in a Bankruptcy Sale | Pillsbury Winthrop Shaw Pittman LLP: Asset purchasers that have actual or constructive knowledge of a competing interest yet fail to alert the bankruptcy court may be subjecting them to claims by competing interest holders in an otherwise free and clear sale.

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