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Recent Articles

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GameStop CEO says it won’t risk ‘meaningful stakeholder capital’ in the crypto space; comments come after partnership was announced in September with cryptocurrency exchange FTX US, whose parent FTX Group has since filed for Chapter 11 bankruptcy

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

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