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Johnson & Johnson's LTL Management, formed to manage talc-related claims, is forming a trust pursuant to bankruptcy law after filing for bankruptcy in October 2021; trust to be funded with US$2B to resolve claims, royalty streams may increase recoveries

Citigroup negotiating return of about US$500M it mistakenly paid a group of hedge funds and investment firms on a loan owed by Revlon; lawyers says settlement would have bank transfer interest and amortization payments it began receiving in early 2021

New England loggers owed money after Stored Solar files for bankruptcy; loggers supplying its operations in region tell similar stories about company that, in Maine, received millions of dollars in subsidies to help keep two bioenergy plants afloat

Citi: Overall cryptocurrency market faces risks of contagion as FTX files for bankruptcy, but contagion unlikely to spread toward broader financial markets; that's mainly due to the size of the crypto space, which is US$830B versus US$43T US equity market

BofA: Bitcoin is fifth-worst collapse of an asset in financial history and biggest crash since 1970s; bitcoin down 77% from peak trading in November 2021, and crypto's downturn is back with FTX's implosion that's led crypto exchange to file for bankruptcy

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