Seadrill Limited announces that Seadrill New Finance Limited (the “Issuer”), a subsidiary of the Company, has agreed to further extend the existing forbearance agreement announced on 19 April 2021, and extended on 17 May 2021, with respect to the 12.0% senior secured notes due 2025 (the “Notes”) with certain holders of the Notes (the “Note .
FirstEnergy fires another executive over consulting contract First Energy fires another executive over consulting contract https://spectrumnews1.com/oh/columbus/news/2021/05/28/firstenergy-fires-another-executive-over-consulting-contractCLEVELAND (AP Ohio)) A FirstEnergy senior vice president was fired Thursday for her “inaction” regarding a 2015 amendment to a “purported” consulting contract with someone who was later appointed as Ohio’s top utility regulator, the company announced in a U.S. Securities…
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Akron-based FirstEnergy Corp. has fired another executive for her “inaction” regarding an amendment to a company consulting contract with someone who was later appointed as the state's top utility regulator
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In
In re Orexigen Therapeutics, Inc., 990 F.3d 748 (3d Cir. 2021), the U.S. Court of Appeals for the Third Circuit ruled as a matter of first impression that triangular setoff does not satisfy the Bankruptcy Code s mutuality requirement.
Should Equitable Mootness Bar Appeals Only of Chapter 11 Plan Confirmation Orders?
As demonstrated by a ruling recently handed down by the U.S. District Court for the Northern District of Texas, courts disagree on whether equitable mootness should apply only to appeals of plan confirmation orders. In
Harden Healthcare LLC v. OLP Wyoming Springs LLC (In re Senior Care Centers, LLC), 2021 WL 632779 (N.D. Tex. Feb. 18, 2021), the district court affirmed a bankruptcy court order approving a settlement reached in connection with a sale transaction. In so ruling, the court held that the appeal was neither equitably nor statutorily moot, noting that, according to Fifth Circuit precedent, equitable mootness should not be expanded i