Tuesday, November 5, 2024

Bankruptcy

FTX intends to fully reimburse customers and abandon plans for exchange relaunch

Customers and creditors of bankrupt crypto exchange FTX who can prove their losses will likely get back all of their money, the...

Creditors of Rudy Giuliani Embark on Financial Treasure Hunt

Rudolph Giuliani’s creditors are vowing to conduct a thorough investigation into the former New York City mayor’s financial transactions in the period leading up...

JetBlue’s cautionary message to Spirit Airlines indicates a potential unraveling of their deal

JetBlue Airways Corp.’s dogged pursuit of Spirit Airlines Inc. has withstood pushback from US regulators, a court-ordered rebuff...

Giuliani Declares Yankees Memorabilia and Trump Claim as Assets in Bankruptcy Filing

Rudolph Giuliani’s recent bankruptcy financial disclosures reveal that his assets include New York Yankees world series rings, a signed Joe DiMaggio shirt,...

Big Law Gets Involved as Crypto Market Crashes, Resulting in $600 Million Loss

Welcome back to the Big Law Business column. I’m Roy Strom, and today we look at the fees Big Law’s...

J&J Cancer Claimants Push for Higher Settlements Before Third Bankruptcy

Johnson & Johnson's latest bankruptcy-focused effort to resolve widespread talc-related litigation hinges on settling ovarian cancer claims. However, the strategy faces long odds and...

Kirkland secures $120 million investment from Celsius, BlockFi, and Voyager platform.

Kirkland & Ellis is set to make more than $120 million for its work as the main attorney for three major crypto...

Sullivan & Cromwell Emerges Victorious in FTX Case, Silicon Valley Bank Suffers Defeat

The FTX and Silicon Valley Bank collapses show Sullivan & Cromwell’s investments in its restructuring practice are paying enormous dividends for the law firm....