IRS Opposes Grupo HIMA Bankruptcy Plan Over $5.7 Million Claim: The Internal Revenue Service asked a bankruptcy court to reject the proposed liquidation plan of Grupo HIMA San Pablo, Inc., a major hospital network in Puerto Rico, citing its failure to address priority claims for unpaid taxes.
J&J Talc Deal Should Be Rejected in Bankruptcy, Holdouts Say: Holdout creditors who claim tainted baby powder gave them ovarian cancer urged a judge to reject Johnson & Johnson’s plan to force an end to all related cancer lawsuits
Container Store OK'd to exit bankruptcy, go private - Dallas Business Journal: The company is exiting bankruptcy only about a month after filing for a Chapter 11 reorganization. The deal will significantly cut its debt and also wipe out the equity of shareholders
Brazil's Gol releases new five-year plan ahead of Chapter 11 exit: Brazilian airline Gol released a revised five-year strategic plan on Wednesday as it prepares to exit Chapter 11 bankruptcy proceedings, saying the new forecasts would serve as a base for its reorganization
Milbank Hires Restructuring Partner From Skadden : Lisa Laukitis, who has represented companies including drugmaker Endo Pharmaceuticals and home improvement company LL Flooring at Skadden, where she served as a corporate restructuring partner since 2016, is joining Milbank’s financial restructuring group as a partner, the firm said.
