Chubb 'Secret' Abuse Website Risks Industry Trust, Attys Say
An accusation by the Archdiocese of New York that Chubb waged a "shadow campaign" against the church while also defending a slew of sex abuse suits against the church has the potential to disrupt trust in the insurance market.
Under The Radar: Bankruptcy News You May Have Missed
A judge converted Dormify's Chapter 11 case to a Chapter 7, a Canadian clothier's foreign representative asked to close the U.S. portion of its insolvency proceedings, and the liquidation trustee for Bernie Madoff's estate lost an effort to add $7 million more in claims to a clawback case.
Stranglehold Of Debt, Litigation Drove FAT Brands To Ch. 11
A CEO who once served prison time and was later accused of fraud. A series of acquisitions that left the company sharply overleveraged, ensnared in a knot of debt. This isn't a crypto firm or investment scheme. It's restaurant franchiser FAT Brands, which filed for bankruptcy last week.
Chubb 'Secret' Abuse Website Risks Industry Trust, Attys Say
An accusation by the Archdiocese of New York that Chubb waged a "shadow campaign" against the church while also defending a slew of sex abuse suits against the church has the potential to disrupt trust in the insurance market.
Under The Radar: Bankruptcy News You May Have Missed
A judge converted Dormify's Chapter 11 case to a Chapter 7, a Canadian clothier's foreign representative asked to close the U.S. portion of its insolvency proceedings, and the liquidation trustee for Bernie Madoff's estate lost an effort to add $7 million more in claims to a clawback case.
Stranglehold Of Debt, Litigation Drove FAT Brands To Ch. 11
A CEO who once served prison time and was later accused of fraud. A series of acquisitions that left the company sharply overleveraged, ensnared in a knot of debt. This isn't a crypto firm or investment scheme. It's restaurant franchiser FAT Brands, which filed for bankruptcy last week.
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The Roman Catholic Diocese of Buffalo is making progress in settling roughly 900 claims of child sexual abuse, with the financial settlement approaching $315 million, counsel for the unsecured creditors commit... (more story)
The Office of the U.S. Trustee has seated five trade creditors on home goods e-commerce brand Food52's unsecured creditors' committee, down from a seven-member committee formed last month in the Delaware Chapter 11.
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Chapter 11 trustees will take over liquor brand Stoli and an affiliate under a cash collateral deal approved by a Texas bankruptcy judge Thursday that also diffuses Chapter 7 liquidation conversion motions.
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