Spooked College Investors Seek Better Safeguards Against Distress - Bloomberg: Investors in small private colleges are demanding extra protections
Johnson & Johnson Goes to Trial on Third Talc Bankruptcy Plan - WSJ: The healthcare giant faces objections to its use of bankruptcy and the vote count for its $8 billion settlement offer
Saks Global’s new payment terms shake designers: Why it matters | Vogue Business: Saks Global is changing the way it pays vendors as part of a new operating model.
US Bankruptcy Court denies stalking horse bidder’s motion to disregard late filed overbids: In re Parkcliffe Development, LLC, Case No. 24-30814 - Lexology: The US Bankruptcy Court for the Northern District of Ohio in In re Parkcliffe Development, LLC, Case No. 24-30814 (JPG) entered an order on January 28, 2025 denying a stalking horse bidder’s motions to disregard competing break-up bids submitted after the bid deadline established in court approved sale procedures (Stalking Horse Denial Order). In so doing, the court held that the belated and non-compliant higher value bids should be considered in order to maximize the value of the debtor’s estate
FTX Commences Initial Distributions to Convenience Class and Sets Next Distribution: FTX has commenced the initial distributions of recoveries to holders of allowed claims in FTX's Convenience Classes. Customers should expect to receive funds within 1 to 3 business days.
