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Latest News in Bankruptcy

  • November 23, 2022

    5 Years In, Opioid Attys Talk Historic Saga's Progress & Future

    Sprawling opioid litigation has unearthed pharmaceutical industry failures, altered attitudes about addiction and secured billions of dollars that are raising hopes that a bleak drug crisis in U.S. communities will eventually yield to brighter days, plaintiffs counsel told Law360 in a conversation about the five-year legal saga's progress — and its uncertain path forward.

  • November 23, 2022

    Pipeline Health Seeks OK For $92M Chicago Hospital Sale

    Bankrupt hospital operator Pipeline Health System asked a Texas judge to approve a $92 million sale of its Illinois medical facilities, saying the transaction will enable those hospitals to remain in operation.

  • November 23, 2022

    FTX Pledges Better Books, Celsius Faulted For Asset Mingling

    The new leadership of FTX promised to keep better track of its assets, Celsius Network's leadership was faulted for not keeping better track of its assets, and the U.S. Supreme Court passed on an appeal of changes to Puerto Rican teachers' pensions. This is the week in bankruptcy.

  • November 23, 2022

    Infrastructure Co. Says Mogul Can't Escape $40M Award

    A Brazilian company has asked a New York federal judge to enforce a $40.7 million arbitral award against a Brazilian business mogul it accuses of hiding assets offshore, pushing back on the mogul's argument that the court lacks jurisdiction.

  • November 23, 2022

    Miami-Dade Asks Bankruptcy Court To Allow End To FTX Deal

    Miami-Dade County, Florida, has asked a Delaware bankruptcy court for permission to end its naming rights deal with beleaguered cryptocurrency exchange FTX and remove the name from the downtown arena where the Miami Heat play.

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