Bloomberg Law

Cineworld and In-Theater Advertiser Strike Long-Awaited Deal

Cineworld Group Plc, the parent company of Regal Cinemas, reached a long-awaited deal with its in-theater advertiser, resolving a snag that has been preventing the cinema chain from exiting bankruptcy.

Genesis Judge Rejects FTX Demand to Join Crypto Bankruptcy Talks

FTX Trading Ltd. cannot join confidential mediation sessions between bankrupt crypto lender Genesis Global Holdco and its parent company Digital Currency Group, a judge ruled Monday.

Billionaire Auto Dealer to Buy Guo Wengui’s Yacht for $24 Million

Billionaire auto dealership mogul Herb Chambers agreed to purchase the Lady May, a luxury yacht upon which Trump adviser Steve Bannon was arrested in 2020, from the bankruptcy estate of federally-indicted Chinese exile Guo Wengui.

Virgin Orbit Creditors Object to Plan Offering Them a ‘Few Cents’

Virgin Orbit Holdings Inc.'s junior creditors have objected to sending to a vote a proposed bankruptcy plan they say pays them only $200,000 against the $106 million they’re owed, but grants Richard Branson-affiliated businesses valuable legal protections.

New York’s Metropolitan Museum to Return FTX’s $550,000 Donation

New York’s Metropolitan Museum of Art plans to return a $550,000 donation it received from FTX Trading Ltd. before the bankrupt crypto exchange’s collapse.


View More Insights
Michael Broyde
Emory University School of Law
Jennifer Kennedy Park
Cleary Gottlieb Steen & Hamilton

Latest Stories

The Search for Lessons From Another US Banking Crisis: QuickTake

Over 10 turbulent weeks earlier this year, a string of US banks with combined assets of more than $500 billion collapsed. What remained were thorny questions about what had gone wrong, what damage the episode might do to the banking system and the broader economy, and whether the swift government response had been a model of damage control or the cause of more trouble down the road.

Disney-DeSantis Feud Recusal a Possible Reply to Supreme Court

Attorneys and legal scholars say it’s understandable why Judge Mark Walker erred on the side of caution and stepped down from litigation between Walt Disney Parks and Resorts US Inc. and Florida Gov. Ron DeSantis. Some say his order could even be read as a direct response to ethical issues dogging the US Supreme Court.

Bankrupt Cyxtera Gets Court Approval to Access $200 Million Loan

Data-center operator Cyxtera Technologies won court approval to begin drawing a $200 million bankruptcy loan as it explores a potential sale of its business or alternative restructuring that would hand the company to its top lenders in exchange for debt relief.