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Bankruptcy

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Mexico's Grupo Famsa files for bankruptcy in United States and Mexico

MEXICO CITY, Aug 6 Mexican retailer Grupo Famsa on Thursday said that a shareholder meeting authorized a request to file for Chapter 15 Bankruptcy in the United States and bankruptcy in Mexico.

Brazil court rules on $2 bln Oi group debt to telecom regulator

BRASILIA, Aug 6 A Brazilian high court ruled on Thursday that the 11 billion reais ($2 billion) debt owed by bankrupt telecom Grupo Oi SA to Brazil's telecommunications regulator Anatel will not get preferential treatment in restructuring negotiations.

U.S. lawmakers seek probe of investment firms' dealings in Puerto Rico debt

Aug 5 Five members of U.S. Congress from New York said on Wednesday that several investment firms involved in Puerto Rico's ongoing bankruptcy may have engaged in insider trading and urged the state attorney general to investigate.

Aeromexico to review fleet obligations -court document

MEXICO CITY, Aug 5 Mexican airline Aeromexico aims to review obligations on its fleet of aircraft and use aviation industry restructuring adviser SkyWorks Capital for that purpose, according to a court document.

EXCLUSIVE-U.S. pursues nearly $13 billion of claims in Purdue Pharma opioid probes-sources

NEW YORK, Aug 4 U.S. prosecutors are pursuing possible penalties of nearly $13 billion to resolve investigations of OxyContin maker Purdue Pharma after uncovering evidence of criminal and civil misconduct stemming from the company's alleged role in fueling the nation's opioid crisis, people familiar with the matter said.

Healthcare, Bonds, Markets Aug 04 2020

Virgin Australia to axe one-third of workforce, focus on short haul under Bain

SYDNEY, Aug 5 Virgin Australia Holdings Ltd said on Wednesday it would make permanent cuts to one-third of its workforce and focus on being a short-haul Boeing Co 737 operator as part of a new business plan under the ownership of Bain Capital.

UPDATE 3-Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection

WASHINGTON/LONDON Aug 4 Virgin Atlantic Airways Ltd is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets in this country, according to a court filing on Tuesday.

Virgin Atlantic Airways seeks bankruptcy protection under Chapter 15

Aug 4 Virgin Atlantic Airways Ltd is seeking protection from creditors under Chapter 15 of the U.S. Bankruptcy Code, according to a court filing made in the southern district of New York on Tuesday. (Reporting by Bhargav Acharya in Bengaluru; Editing by Sandra Maler)

FOCUS-J.C. Penney's survival hinges on urgent sale negotiations

NEW YORK, Aug 3 The survival of J.C. Penney Co Inc hangs on whether the department store chain can reach a complex deal within days to sell itself to an alliance of retail mavens and distressed-debt investors.

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