Bankruptcy

Seward & Kissel Formalizes Private Credit Practice

Retrieved on: 
Tuesday, April 9, 2024
Professional Services, Other Professional Services, Legal, Finance, Consulting, Banking, Private credit, Negotiation, Real estate, Investment management, Private equity, Bankruptcy, Capital market, Investment, Security guard, Corporation, Bank

Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.

Key Points: 
  • Seward & Kissel LLP announced today that it has formalized its Private Credit group to handle its growing work within the rapidly expanding private credit asset class, now valued at $1.6 trillion.
  • The firm’s unrivaled experience in forming private credit funds provides unique value for private credit lenders across the entire life cycle of direct-lending funds.
  • “We regularly execute private credit transactions across various industries from food delivery services to medical staffing,” said Seward & Kissel Corporate Finance partner Sophia Agathis .
  • “This group formalizes our commitment to the private credit space and concentrates our knowledge in one interdisciplinary group for the benefit of asset managers, borrowers, and others involved in private credit transactions.”
    The new practice will reside within Seward & Kissel’s Corporate Finance practice and draw on the firm’s experience in areas including Investment Management, Credit Funds, Business Transactions, Capital Markets and Corporate Securities, Private Equity, Real Estate, Corporate Restructuring and Bankruptcy, and Tax.

Certain DWS Closed-End Funds Declare Monthly Distributions

Retrieved on: 
Monday, April 8, 2024
Banking, Professional Services, Finance, Legislation, Nature, Risk, War, Fund, Terrorism, Bankruptcy, Investment, Sale, Federal, KTF, Virus, Security (finance)

When distributions exceed total return performance, the difference will reduce a Fund’s net asset value.

Key Points: 
  • When distributions exceed total return performance, the difference will reduce a Fund’s net asset value.
  • The final determination of the source and tax status of all distributions paid in 2024 will be made after the end of 2024 and will be provided on Form 1099-DIV.
  • Although the fund seeks income that is exempt from federal income taxes, a portion of the fund’s distributions may be subject to federal, state and local taxes, including the alternative minimum tax.
  • Closed-end funds, unlike open-end funds, are not continuously offered.

Gavel Launches PDF Automation Product

Retrieved on: 
Tuesday, April 9, 2024
Adobe, Microsoft, LOS, PDF, Automation, Bankruptcy, Government, Stripe, Lawyer, DocuSign, Typesetting

LOS ANGELES, April 9, 2024 /PRNewswire/ -- Gavel, the automation infrastructure for the legal industry, today announced its new PDF automation product. Gavel has long been the most powerful legal document automation platform on the market. In addition to generating Microsoft Word documents, Gavel's expansion into PDF automation significantly increases its market reach, both in and out of the legal industry.

Key Points: 
  • Gavel, the leader in legal workflow automation, reveals its new PDF automation product, allowing users to create powerful intake questionnaires that automatically generate documents like court and government forms.
  • LOS ANGELES, April 9, 2024 /PRNewswire/ -- Gavel, the automation infrastructure for the legal industry, today announced its new PDF automation product .
  • In addition to generating Microsoft Word documents, Gavel's expansion into PDF automation significantly increases its market reach, both in and out of the legal industry.
  • With the introduction of our PDF automation product, we've taken a huge step in expanding the areas of law and capabilities that we support."

Enviva Receives NYSE Notice Regarding Delayed Form 10-K Filing

Retrieved on: 
Monday, April 8, 2024
Enviva, Form, Form 10-K, Security (finance), Bank statement, United States bankruptcy court, Bankruptcy, Annual report

The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE.

Key Points: 
  • The NYSE Notice has no immediate effect on the listing of the Company's common stock on the NYSE.
  • The NYSE informed the Company that, under the NYSE's rules, the Company will have six months from April 1, 2024 to file the Form 10-K with the SEC.
  • The Company can regain compliance with the NYSE listing standards by filing the Form 10-K with the SEC before such date.
  • The Company is working diligently to complete the necessary work to file the Form 10-K as soon as practicable and currently expects to file the Form 10-K within the six-month period granted by the NYSE Notice; however, there can be no assurance that the Form 10-K will be filed within such period.

Charlotte Howard Announces New Book "Web Designer Near Me: How to Qualify, Interview, and Hire the Perfect Professional for Your First (or Next) Website. An Essential Guide for Small Business Owners"

Retrieved on: 
Monday, April 8, 2024
Web design, Bankruptcy, Luigi, Disaster, Small business

PHOENIX, April 8, 2024 /PRNewswire/ -- "Web Designer Near Me" is not just a book; it's a practical guide for business owners. It serves as a comprehensive resource, providing step-by-step guidance on researching, evaluating, and ultimately hiring the perfect web designer for a business's specific needs. This book empowers owners to make informed decisions that align with their business objectives.

Key Points: 
  • Web Designer Near Me – An invaluable resource for all business owners looking to hire a web professional.
  • PHOENIX, April 8, 2024 /PRNewswire/ -- " Web Designer Near Me " is not just a book; it's a practical guide for business owners.
  • A long-overdue resource for sole proprietors, entrepreneurs, non-profits, and SMBs, Web Designer Near Me provides important insights into the world of web design.
  • Author Charlotte Howard says, "The choice of web designer can have a huge impact on the trajectory of a person's business.

Resolution Financial Advisors Launches Distressed Advisory Firm

Retrieved on: 
Monday, April 8, 2024
ABC, Bankruptcy, CFO, Partnership, New Standard, Alvarez and Marsal, Knowledge, Alphabet song, CFA, IP, Benefit, Assignment, Marriott Marquis, Intellectual property, LOS, Resolution, Alvarez, CPA, Financial services

LOS ANGELES, April 8, 2024 /PRNewswire/ -- Introducing Resolution Financial Advisors LLC (Resolution), poised to redefine industry standards with its launch on April 8, 2024. Aptly capturing their mission, "The New Standard in Distressed Asset Resolution," Resolution is dedicated to providing unparalleled strategy and execution for Boards, lenders, and investors navigating the complexities of distressed portfolio companies. Whether seeking a wind down, insolvency, or value recovery process, Resolution is committed to delivering exceptional results.

Key Points: 
  • Partners Bring Depth of Experience in Guiding Boards, Lenders and Investors
    LOS ANGELES, April 8, 2024 /PRNewswire/ -- Introducing Resolution Financial Advisors LLC (Resolution), poised to redefine industry standards with its launch on April 8, 2024.
  • Aptly capturing their mission, "The New Standard in Distressed Asset Resolution," Resolution is dedicated to providing unparalleled strategy and execution for Boards, lenders, and investors navigating the complexities of distressed portfolio companies.
  • Resolution specializes in a variety of financial and legal tools including Assignments for the Benefit of Creditors ("ABCs"), foreclosures, receiverships, and federal bankruptcy proceedings.
  • Resolution Financial Advisors will be holding a launch event alongside the American Bankruptcy Institute Annual Spring Meeting at the Marriott Marquis Hotel in Washington, D.C. on April 19.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Hut 8 Corp. of Class Action Lawsuit and Upcoming Deadlines – HUT

Retrieved on: 
Saturday, March 23, 2024
Research, Prior, Bankruptcy, Mining, District court, Defendant, News, Ext, LLP, Complaint, Hut 8, Pomerantz, Action Replay, Court, Mergers and acquisitions, Person, Cryptocurrency

NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT).

Key Points: 
  • NEW YORK, March 23, 2024 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Hut 8 Corp. (“Hut 8” or the “Company”) (NASDAQ: HUT).
  • To discuss this action, contact Danielle Peyton at [email protected] or 646-581-9980 (or 888.4-POMLAW), toll-free, Ext.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Hut 8, Anavex, and Innoviz and Encourages Investors to Contact the Firm

Retrieved on: 
Saturday, March 23, 2024
Bitcoin, Research, Bankruptcy, Patient, Defendant, News, Data mining, Rett syndrome, Complaint, Hut 8, P.C, Clinical trial, MCI, Radar, Mergers and acquisitions, Cryptocurrency

Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.

Key Points: 
  • Stockholders have until the deadlines below to petition the court to serve as lead plaintiff.
  • Additional information about each case can be found at the link provided.
  • In November 2023, Hut 8 formed following the merger of Hut 8 Mining Corp. (“Legacy Hut”) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (“USBTC”) (the “Merger”).
  • For more information on the Innoviz class action go to: https://bespc.com/cases/INVZ

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Hut 8 Corp. (HUT)

Retrieved on: 
Friday, March 22, 2024
Bitcoin, Research, Bankruptcy, GPM, Defendant, News, Data mining, Suite, Hut 8, Investment, Court, Mergers and acquisitions, Cryptocurrency

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points: 
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • In November 2023, Hut 8 formed following the merger of Hut 8 Mining Corp. (“Legacy Hut”) and U.S. Data Mining Group, Inc. d/b/a US Bitcoin Corp. (“USBTC”) (the “Merger”).
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • Glancy Prongay & Murray LLP, Los Angeles

UpHealth Provides Corporate Update and Announces Fourth Quarter and Full Year 2023 Financial Results

Retrieved on: 
Thursday, March 21, 2024
Pro forma, Working capital, Bankruptcy, Growth, International court, Veterans' affairs, Mental, International, TTC, Patient, Mental health, Sale, Acquisition, Tribunal, Judgement, BHS, Commerce, Adjustment, OTC, Tax, De novo, Holding, GTCR, Video game

DELRAY BEACH, Fla., March 21, 2024 (GLOBE NEWSWIRE) -- UpHealth, Inc. (“we,” “UpHealth,” or the “Company”) (OTC: UPHL) today provided a corporate update and announced financial results for the fourth quarter and full year ended December 31, 2023.

Key Points: 
  • “In short, 2023 was a challenging, yet transformative, year for UpHealth, as we continued to take steps to stabilize the business,” said Martin Beck, Chief Executive Officer.
  • Growth in proforma revenues in the fourth quarter of 2023 was driven by top line growth at TTC Healthcare and Cloudbreak and by certain non-recurring revenues associated with the cessation of operations at Thrasys;
    Proforma fourth quarter 2023 gross margins were 62%, compared to 45% for the fourth quarter of 2022.
  • Proforma margin improvement in the fourth quarter was largely driven by an improved payor mix at TTC Healthcare;
    Proforma fourth quarter 2023 Adjusted EBITDA was $11.1 million, compared with $1.9 million in the fourth quarter of 2022.
  • TTC Healthcare’s performance in 2023, and in particular the fourth quarter 2023, was driven by strong volumes and a significantly improved payor mix.