Bankruptcy & Restructuring News Headlines for Wednesday Jul 10, 2024

Here's what we are reading this morning:

San Francisco's real estate slide continues as office vacancies peak: Office vacancies in San Francisco hit another record in the second quarter, and rent prices fell to their lowest since 2015, according to Cushman & Wakefield

EPIC Companies files for Chapter 11 bankruptcy: Over the past few months, the number of properties listed on the company’s website has dwindled from 39 to 23, with other companies taking over some properties in Minot, Bismarck and the Red River Valley

Celsius Litigation Administrator Commences Litigation Against Non-Settling Account Holders to Recover Full Value of Transfers Made During the Preference Period: On July 1, 2024, the Celsius Litigation Administrator began filing complaints in the United States Bankruptcy Court for the Southern District of New York against Celsius account holders with more than $100,000 of Withdrawal Preference Exposure who have failed to settle their preference liability

Contributors Speak Up on Purdue Pharma | WilmerHale: WilmerHale Partner Phil Anker discusses the impact he anticipates the Purdue Pharma ruling may have on Chapter 11 cases not involving alleged mass tort liability





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