Litigation Trust News Today

Cano Health, Inc., along with its affiliates, filed a fourth amended joint plan of reorganization with related disclosure statement in the US Bankruptcy Court on May 20, 2024. As per the amended plan...

Re: Docket No. 498, 671, 773 x ...

GWG Holdings Solicits Votes for Chapter 11 Plan DALLAS - On May 15, 2023, GWG Holdings, Inc. announced that it and its fellow debtors-in-possession in the Chapter 11 cases... | May 15, 2023

DALLAS, May 15, 2023 -- On May 15, 2023, GWG Holdings, Inc. announced that it and its fellow debtors-in-possession in the Chapter 11 cases pending at 22-90032 in the United States Bankruptcy... | May 15, 2023

A string of frauds involving Chinese companies listed on overseas stock exchanges makes it more urgent than ever that regulatory oversight is beefed up.

For decades, authorities and experts have tried restricting excessive borrowing by private equity investors, since it’s been repeatedly shown that they leave lots of bankruptcies in their wake. And these abuses continue because private equity looting fee structures result in general partners making out handsomely whether or not the business does well. In 1987 (no typo), the Treasury proposed limiting the deduction of interest on highly leveraged transactions. That idea went by the wayside t...

To embed, copy and paste the code into your website or blog: A recent ruling from the United States District Court for the Southern District of New York sent shock waves through the legal and financial community, with some shouting that this “could be a gamestopper for the private equity business.” 1 Although the ruling in In re Nine West LBO Securities Litigation 2 breaks new ground and arguably narrows the protections available to directors under the normally-broad business judgment rule...