#CHAPTER11 News, Headlines and Posts

Crumbs cupcake shop owners say they don't regret selling the business

businessinsider.com The couple behind Crumbs Bake Shop said they don't regret selling it even though it eventually failed. • Crumbs got so big, it was acquired by a holdings company for $66…

The Junkiest Junk Bonds Feel The Pain of Economic Decline

finance.yahoo.com The riskiest corporate bonds are dropping as signs of economic weakness spread, raising the specter of more defaults and distress. • None US-China Handshake Fails to Stem…

FTX debtors object to Genesis’ ‘critical’ claims estimate of ‘$0.00’

cointelegraph.com Just a month after bankrupt cryptocurrency exchange FTX sought $4 billion from the also bankrupt crypto lender Genesis, it is now contesting a claim that it is entitled to…

FTX files objection to Genesis after being snubbed in $0.00 claim estimate

cryptoslate.com FTX and its associated debtors declared numerous objections to Genesis’s bankruptcy proceedings and recovery plans in a June 2 court filing. FTX’s claim estimated at zero On…

Crypto is in chaos as FTX files for bankruptcy

edition.cnn.com In the space of a week, a 30-year-old entrepreneur once hailed as a modern-day J.P. Morgan watched his digital empire, including billions of his own fortune, evaporate in a…

Celsius Transfers $75M of Ethereum to Staking Service Figment

cryptobriefing.com Do Kwon’s Luxury Cars, Apartments Seized as Courts Freeze $2B of His Assets Celsius Network, a defunct crypto lending platform, transferred 40,928 ETH, or $70 million, to…

Bankruptcy Judge Revives Some Sex Abuse Lawsuits Tied to Long Island Diocese

wsj.com A bankruptcy judge allowed sexual-abuse survivors to resume lawsuits against parishes and other affiliates of the Diocese of Rockville Centre in suburban Long Island, N.Y.,…

Mallinckrodt Explores Repeat Bankruptcy as $200 Million Opioid Payment Comes Due

wsj.com Drugmaker Mallinckrodt is considering options including a repeat bankruptcy filing after emerging from chapter 11 last year as a $200 million opioid settlement payment comes…

Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy

aol.com Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company’s crown jewel — Buy Buy Baby — may live to see another day. The…

Buy Buy Baby draws sale interest in Bed Bath & Beyond bankruptcy, one bidder looks to save stores

cnbc.com Bed Bath & Beyond is expected to be dissolved after the failed retailer declared bankruptcy, but the company's crown jewel – Buy Buy Baby – may live to see another day. The…

What Happened To FTX? The Crypto Exchange Fund’s Collapse Explained

forbes.com FTX Trading Ltd. was one of the largest cryptocurrency exchange firms, known for its specialty in buying and selling crypto derivatives, and once valued at about $40…

3M Heads to Trial in ‘Existential’ $143 Billion Forever-Chemicals Litigation

finance.yahoo.com 3M Co. faces an existential threat from lawsuits over allegedly cancer-linked “forever chemicals” that have leached into municipal water supplies, with the company’s…

Sex In The City: How A New York Store Is Creating A Buzz About Adult Toys

forbes.com Sex sells, so they say. And one New York retailer certainly hopes that the old maxim holds true, with a store concept using sporting allusions as a way to break taboos. Yes,…

Judge: Diamond Sports must pay full value of contracts to Diamondbacks, Guardians, Twins, Rangers

abcnews.go.com A federal bankruptcy judge has ordered Diamond Sports to pay the full value of its media contracts to the Arizona Diamondbacks, Cleveland Guardians, Minnesota Twins and…

KKR-Backed Cancer-Treatment Provider GenesisCare Files for Bankruptcy

wsj.com GenesisCare, a global provider of cancer-treatment services backed by private-equity firm KKR, has filed for bankruptcy with plans to look for a buyer for its U.S. business.…

Move Over, Delaware: Texas Takes Center Stage in Bankruptcy Surge

wsj.com Airplane-parts giant Incora and two other big businesses filed for chapter 11 in Texas, showcasing the state’s growing appeal as a landing spot for financially distressed…

AMC Theatres Winds Down On Demand Streaming Service, Referring Users To Fandango’s Vudu But Retaining Stake In Movie Revenue There

deadline.com AMC Theatres, which launched an on-demand streaming service just ahead of the Covid pandemic in October 2019, is winding down the service and referring users to Fandango’s…

San Diego Padres: MLB takes over TV broadcasts for Bally Sports

chicagotribune.com Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment to the regional sports…

SVB Securities Sale Attracts Solitary Bidder

pymnts.com Silicon Valley Bank’s former parent has reportedly drummed up little interest in its investment business. “At this time, there is one bid that is currently deemed to be a…

SBF Wants to Subpoena Documents from Former FTX Law Firm to Beat Fraud Charges

coinspeaker.com Coinspeaker SBF Wants to Subpoena Documents from Former FTX Law Firm to Beat Fraud Charges Sam Bankman-Fried (SBF) is trying to beat the fraud charges levied against him by…

An Appeals Court Gave the Sacklers Legal Immunity. Here’s What the Ruling Means

nytimes.com Cardboard gravestones bearing the names of victims of opioid abuse were part of a protest outside a Purdue Pharma bankruptcy hearing at a courthouse in White Plains, N.Y.,…

Purdue Appeals Court Ruling Curbs Lawsuits Against Corporate Leaders

wsj.com An appeals court’s ruling this week that corporate bankruptcy filings can protect insiders from liability cements the chapter 11 system as a powerful tool for resolving…

Bankman-Fried hints at blame-the-lawyers defense in criminal case

reuters.com Indicted FTX founder Sam Bankman-Fried seems to be gearing up to blame the lawyers who helped him establish the crypto exchange. That’s the subtext of a motion filed on…

White Sox owner acquires majority stake in Sinclair’s Stadium

thedesk.net The owner of the Chicago White Sox and Chicago Bulls pro sports teams has acquired the majority of Sinclair Broadcast Group’s Stadium television channel, according to a…

J&J faces new trial over talc cancer claims, amid settlement push

reuters.com Johnson & Johnson (JNJ.N) on Wednesday faced the first trial in almost two years over claims that asbestos in its baby powder and other talc products cause cancer, as it…

Bankman-Fried seeks documents from former FTX law firm in crypto fraud case

reuters.com Sam Bankman-Fried is seeking documents from a law firm that advised his defunct FTX cryptocurrency exchange, saying in a court filing that they could help him beat fraud…

As Diamond Sports Group Drops Padres, MLB Picks Up TV And Streaming Distribution

forbes.com Around 5pm ET on Tuesday, Diamond Sports Group, the runs Bally Sports San Diego, decided to drop the bomb: after the Padres finished their game that evening, they would no…

Johnson & Johnson’s $8.9 billion baby powder deal faces key test in Oakland trial

siliconvalley.com By Jef Feeley | Bloomberg Johnson & Johnson’s first jury trial in nearly two years over allegations that its talc-based baby powder causes cancer could influence plaintiffs…

10 Years after Sheryl Sandberg’s book ‘Lean In,’ women are on the outs

nypost.com “Lean In,” the blockbuster book by Sheryl Sandberg that helped spawn a rising generation of “girlbosses,” turns 10 this year. “Lean In,” the blockbuster book by Sheryl…

MLB takes over Padres broadcasts Wednesday after Bally misses payment

go.com Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payment to the regional sports…

MLB to take over San Diego Padres broadcasts Wednesday after Bally Sports misses rights payment

apnews.com Major League Baseball will take over broadcasts of San Diego Padres games beginning Wednesday after Diamond Sports missed a rights fees payments to the regional sports…

US Government Presses for Independent Examiner in FTX Bankruptcy Case

bitcoin.com Following the U.S. bankruptcy court judge’s rejection of the U.S. Trustee’s plea to designate an impartial investigator for the FTX bankruptcy case, the government is now…

Diebold Nixdorf to seek Chapter 11 bankruptcy protection

beaconjournal.com Diebold Nixdorf Inc. plans to file for Chapter 11 bankruptcy protection after reaching an agreement with key financial stakeholders to restructure its debt, the Hudson…

Diamond Sports won’t pay Padres, rights will revert back to team

thedesk.net The regional sports operator missed a key payment to continue producing and distributing the baseball games this season. The regional sports operator missed a key payment to…

New Chapter 11 Bankruptcy Filings -- Week Ending May 28, 2023

wsj.com A list of some new chapter 11 bankruptcy filings made during the last week.

US District Judge sends matter of FTX independent examiner to appellate court

cointelegraph.com A United State District Judge has referred a motion requesting the appointment of an independent examiner for bankruptcy crypto exchange FTX to appellate court. In documents…

YouTuber Who Defamed Cardi B Files for Bankruptcy to Avoid Paying $4M Verdict

billboard.com “Bitch better have my money?” Spoiler alert: She doesn’t. Eighteen months after Cardi B won a $4 million defamation verdict over salacious claims made by a YouTube host…

Diebold Nixdorf, Incorporated Enters into Global Debt Restructuring Support Agreement with Key Financial Stakeholders; Contemplated Transaction Expected to…

prnewswire.com HUDSON, Ohio, May 30, 2023 /PRNewswire/ -- Diebold Nixdorf, Incorporated (the "Company") (NYSE:DBD) today announced it has entered into a restructuring support agreement…

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