ANALYSIS-Meme stock investors place risky bet on bankrupt Revlon being the next Hertz
Even for a veteran meme stock trader like Mike Minutelli, Revlon Inc is a wild bet.
Bankruptcy News Headlines
Evergrande investor says files lawsuit for non-repurchase of unit shares
Investment holding firm Top Shine Global Ltd has decided to file a winding-up petition against China Evergrande Group as the embattled property developer did not repurchase shares in its unit Fangchebao from investors, a senior executive said.
UPDATE 1-Celsius Network hires advisors to prepare for potential bankruptcy - WSJ
Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported https://www.wsj.com/amp/articles/celsius-network-taps-more-advisers-to-prepare-for-potential-bankruptcy-11656088078?mod=Searchresults_pos1&page=1 on Friday, citing people familiar with the matter.
Celsius Network hires advisors to prepare for potential bankruptcy - WSJ
Celsius Network LLC has hired restructuring consultants from advisory firm Alvarez & Marsal to advise on a possible bankruptcy filing, the Wall Street Journal reported https://www.wsj.com/amp/articles/celsius-network-taps-more-advisers-to-prepare-for-potential-bankruptcy-11656088078?mod=Searchresults_pos1&page=1 on Friday, citing people familiar with the matter.
SPECIAL REPORT-How a bankruptcy ‘innovation’ halted thousands of lawsuits from sick plaintiffs
Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the “Texas two-step.”
Brazil's CSN hires financial adviser to assess investment in Samarco
Brazilian steelmaker Companhia Siderurgica Nacional (CSN) confirmed on Wednesday it has hired a financial adviser to assess a potential investment in mining company Samarco Mineracao SA, but no binding document was signed yet.
ANALYSIS-Italy's "drugged" construction boom hits a wall
Innovative incentives for people to green up their homes revived Italy's construction sector last year, boosted its economy and drew international praise. A few months on it is close to ending in tears.
UPDATE 2-BHP, Vale reject Brazil steelmaker CSN's interest, say miner Samarco is not for sale
Miners Vale SA and BHP Group said in a joint statement on Monday they are not interested in selling their joint venture Samarco, after reports of the interest of Brazilian steelmaker Companhia Siderurgica Nacional (CSN).
UPDATE 1-U.S. bankruptcy court approves LATAM Airlines restructure plan
A U.S. court has approved LATAM Airlines Group SA's bankruptcy reorganization plan, the region's largest air transport group said on Saturday.
U.S. Bankruptcy Court approves LATAM Airlines reorganization plan
A U.S. court has approved LATAM Airlines Group SA's bankruptcy reorganization plan, the largest air transport group in Latin America said on Saturday.
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Politics News
Jan. 6 panel announces another hearing for Tuesday
WASHINGTON (Reuters) -The House of Representatives Jan. 6 select committee will hold a hearing on Tuesday to consider recently obtained evidence on the 2021 attack on the U.S. Capitol, the panel said, presenting its sixth hearing sooner than expected.