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Fitch Downgrades GoTo Group to 'RD' on DDE; Subsequently Upgrades to 'CCC-' on Negative Watch

Fitch Ratings has downgraded the Long-Term Issuer Default Ratings of LMI Parent, L.P. and its subsidiary, GoTo Group, Inc. to 'RD' from 'CCC+'.
This action follows the company's execution of a...

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Stock Market | FinancialContent Business Page

Stock Market | FinancialContent Business Page
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Sungard AS Announces Successful Bid for its North American Cloud and Managed Services Business

Sungard AS Announces Successful Bid for its North American Cloud and Managed Services Business
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Sungard AS Announces Successful Bid for its North American Cloud and Managed Services Business

/PRNewswire/ -- Sungard Availability Services (Sungard AS) today announced that it has entered into an Asset Purchase Agreement (APA) with 11:11 Systems...

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Sungard AS Announces Successful Bid for a Majority of its U.S. Colocation and Network Business

/PRNewswire/ -- Sungard Availability Services (Sungard AS) today announced that, subject to court approval, it has entered into an Asset Purchase Agreement...

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Sungard Availability Services Takes Action to Strengthen Operating Cost Structure for Future Success

Press release content from PR Newswire. The AP news staff was not involved in its creation.

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New York bankruptcy judge who oversaw Purdue Pharma case to retire

New York bankruptcy judge who oversaw Purdue Pharma case to retire
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The year in bankruptcy: 2020

Introduction
One year ago, we wrote that the large business bankruptcy landscape in 2019 was generally shaped by economic, market, and leverage factors, with notable exceptions for disastrous wildfires, liabilities arising from the opioid crisis, price-fixing fallout, and corporate restructuring shenanigans.
The year 2020 was a different story altogether. The headline was COVID-19.
The pandemic may not have been responsible for every reversal of corporate fortune in 2020, but it weighed heavily on the scale, particularly for companies in the energy, retail, restaurant, entertainment, health care, travel, and hospitality industries. Mandatory shutdowns beginning in the spring of 2020 wreaked havoc on the bottom lines of thousands of companies confronting a precipitous drop in demand for their products and services. Some were able to weather the worst of the storm with packages of government assistance or by adapting their business models to meet the unique challenges of the pandemic. Others could not and either closed their doors or sought bankruptcy protection to attempt to restructure their balance sheets or sell their assets.

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Usain "Belk" — The Fastest Prepack Alive? | McGuireWoods LLP

Usain "Belk" — The Fastest Prepack Alive? | McGuireWoods LLP
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