A federal judge overseeing several high-profile bankruptcy cases has raised pointed concerns about potential ethical conflicts and the appearance of collusion among prominent law firms, in the wake of the scandal surrounding former U.S. Bankruptcy Judge David R. Jones’s abrupt…
Browsing: Bankruptcy
Oaktree Capital Management, the Los Angeles-based investment firm known for distressed-debt turnarounds, is in advanced talks to take control of Superior Industries International Inc., the aluminum wheel manufacturer battered by U.S. and international auto parts tariffs, according to people familiar…
As the Federal Reserve continues to wind down its balance sheet and navigate a changing interest rate landscape, the central bank’s standing overnight lending tool—the Standing Repo Facility—is poised to play a bigger role in stabilizing short-term borrowing costs, a…
Wolfspeed Inc., a once high-flying U.S. semiconductor company known for its silicon carbide technology, is preparing to file for bankruptcy protection within weeks after months of failed out-of-court negotiations with creditors, according to people familiar with the matter. The Durham,…
Bayer AG is pursuing a new multibillion-dollar settlement over claims that its Roundup weedkiller causes cancer—and is preparing to place its U.S. subsidiary Monsanto into bankruptcy if talks with tort plaintiffs collapse, according to people familiar with the matter. The…
NEW YORK — Discount retail chain Gabe’s, a popular off-price department store operating over 160 locations across the Mid-Atlantic and Southeast, is in advanced negotiations to hand over control of the company to its lenders, according to people familiar with…
Babcock & Wilcox Enterprises Inc. (NYSE: BW), a 158-year-old energy technology firm, is actively working with investment bank Evercore and law firm O’Melveny & Myers to address its substantial debt obligations, which total nearly $500 million. This strategic move comes as…
WeightWatchers, the 62-year-old program that revolutionized dieting for millions of people around the world, has filed for bankruptcy. The company announced Tuesday it has entered Chapter 11, which “will bolster its financial position, increase investment flexibility in its strategic growth initiatives,…
Rite Aid filed for bankruptcy protection Monday for the second time, less than a year after the embattled drugstore chain emerged from Chapter 11 as a private company. Rite Aid said in a news release that it’s looking for a buyer and…
HOUSTON — Sunnova Energy International Inc. (NYSE: NOVA), one of the largest residential solar-panel installers in the United States, is preparing to file for bankruptcy within weeks, according to people familiar with the matter. The move comes after the company…
