Bankruptcy & Restructuring News Headlines for Wednesday Oct 4, 2023

Here's what we are reading this morning:

Prison Contractor YesCare in $37 Million Deal to End Texas Two-Step Bankruptcy - WSJ: Prison healthcare provider YesCare and its backers reached a $37 million settlement of legal and financial liability it moved into bankruptcy court through an emerging corporate restructuring tactic.

Talc Supplier Once Owned by Pfizer Files for Bankruptcy - WSJ: A former Pfizer minerals business that supplied talc for cosmetic products has filed for bankruptcy to deal with hundreds of personal injury lawsuits, saying that the drug giant is increasingly unwilling to cover those claims.

Business Restructuring Review September-October 2023 | Vol. 22 No. 5 | Jones Day: Section 546(e) of the Bankruptcy Code’s “safe harbor” preventing avoidance in bankruptcy of certain securities, commodity, or forward-contract payments has long been a magnet for controversy.

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