The nonprofit that organizes the annual LGBTQ Pride festival in Phoenix filed for bankruptcy protection on the eve of Pride Month, becoming the latest casualty of a political climate that the institution and other advocacy groups argue has put a target on the backs of LGBTQ-focused nonprofits.
Health insurance broker GoHealth has tapped lawyers from Pachulski Stang Ziehl & Jones LLP and Kirkland & Ellis LLP to guide it through a Chapter 11 case aimed at giving the debtor to its lenders while refinancing $762 million in debt.
Both mid- and large-cap companies — and some that straddled the line — hit bankruptcy in the past week, including two internet infrastructure companies.