Cases of Interest

Bankruptcy law, bumpy ride - Mumbai Mirror

07/19/19

Bankruptcy law, bumpy ride  Mumbai Mirror

Landmark law is thwarted by recent judgements, which dilute the distinction between secured and unsecured lenders.

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Philly Hospital's Ch.11 Plan To Sell Residency Program OK'd - Law360

07/19/19

Philly Hospital's Ch.11 Plan To Sell Residency Program OK'd  Law360

A plan to sell doctor training programs proposed by Philadelphia hospital operator Center City Healthcare received approval Friday when a Delaware ...

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Hospital Doctors’ Training at Risk in Drexel Sale, Court Told - Yahoo Finance

07/19/19

Hospital Doctors’ Training at Risk in Drexel Sale, Court Told  Yahoo Finance

(Bloomberg) -- The bankruptcy sale of Hahnemann University Hospital's education program is treating more than 570 doctors as financial assets and threatening ...

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Garlock Five Years Later: Recent Decisions Illustrate Ongoing Obstacles to Asbestos Trust Transparency - JD Supra

07/19/19

Garlock Five Years Later: Recent Decisions Illustrate Ongoing Obstacles to Asbestos Trust Transparency  JD Supra

In In re Garlock Sealing Technologies, LLC, 504 B.R. 71 (Bankr. W.D.N.C. 2014), the court confirmed what many asbestos defendants and their insurers long ...

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Supreme Court to Consider Enforceability of Consequences Imposed Upon Insolvency - Lexology

07/19/19

Supreme Court to Consider Enforceability of Consequences Imposed Upon Insolvency  Lexology

The Supreme Court of Canada recently granted leave to appeal from the Alberta Court of Appeal's decision in Capital Steel Inc v Chandos Construction…

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What Surprises Me Is for How Long Zombies Like J.C. Penney Keep Getting New Money to Burn. But Bankruptcy Beckons - WOLF STREET

07/19/19

What Surprises Me Is for How Long Zombies Like J.C. Penney Keep Getting New Money to Burn. But Bankruptcy Beckons  WOLF STREET

In 2013, I called Goldman Sachs a “snake-oil salesman” for underwriting a $1 billion J.C. Penney stock offering. Investors have since lost 91%. There are also ...

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J.C. Penney hires debt advisers but says it's not a step toward bankruptcy - Dallas News

07/19/19

J.C. Penney hires debt advisers but says it's not a step toward bankruptcy  Dallas News

J.C. Penney has hired advisers to help it explore options to restructure its debt, according to a report from Reuters late Thursday.Plano-based...

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East Vs. West: Lawyers Question Bias As Blackjewel Secures Additional Financing - Wyoming Public Media

07/19/19

East Vs. West: Lawyers Question Bias As Blackjewel Secures Additional Financing  Wyoming Public Media

Blackjewel L.L.C. will be able to draw on $2.9 million in additional short-term funding to keep its bankruptcy proceedings alive. A West Virginia.

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No Spotify or Slack Here — iHeartMedia's Shares Fall as Much as 7% on Its First Day on NASDAQ - Digital Music News

07/19/19

No Spotify or Slack Here — iHeartMedia's Shares Fall as Much as 7% on Its First Day on NASDAQ  Digital Music News

On its opening day on NASDAQ, and following Spotify and Slack's direct listing strategy, iHeartMedia shares fell as investors avoid the stock.

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