People

Christopher Updike has joined law firm Debevoise & Plimpton and will be counsel in the firm’s business restructuring and workouts practice. Mr. Updike, who will work out of the New York office, represents debtors, creditors, lenders in others in chapter 11 bankruptcy and workouts outside of court. He also has represented clients in industries including airlines, gaming, health care and mining. Most recently, Mr.

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50 Cent admitted to his bankruptcy judge that the cash he posed with on social media pictures is fake.

Steven Agran has been promoted to principal and shareholder at turnaround firm MorrisAnderson, and Mark Briden has been promoted to director. Mr. Agran, who is based in New York City, was previously managing director.

A Justice Department watchdog wants an investigati

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A bankruptcy judge ordered rapper 50 Cent to come to her courtroom and explain several pictures posted on social media websites that show him playing with stacks of cash.