Bankruptcy

McDonald Hopkins continues to be a destination for top-tier legal talent with the addition of six associates

Retrieved on: 
Tuesday, November 28, 2023
Senior counsel, United States bankruptcy court, Fifth Amendment, Privacy, University, Information, Molecular biology, Government, FBI, Intellectual property, University college, Advertising, Patent, Mergers and acquisitions, Constitutional right, District court, Private sector, Hand, Freedom, Communication, Partnership, Motorola Solutions, Private, Bankruptcy, Transport, Law, Defense, Computer security, Health

CLEVELAND, Nov. 28, 2023 /PRNewswire/ -- McDonald Hopkins LLC is proud to announce the addition of a talented group of first-year associates to its team.

Key Points: 
  • CLEVELAND, Nov. 28, 2023 /PRNewswire/ -- McDonald Hopkins LLC is proud to announce the addition of a talented group of first-year associates to its team.
  • We are thrilled to have them on our team," said Jim Stief, co-president of McDonald Hopkins.
  • Sydney Bell is an Associate in the Litigation Department at McDonald Hopkins and part of the firm's commercial litigation team.
  • Prior to starting his legal career at McDonald Hopkins, Zachary made great strides in his work for Cleveland State University's Law Data Privacy Clinic.

Fireblocks Launches Off Exchange, the First Solution to Truly Mitigate Exchange Counterparty Risk, with Deribit as First Live Exchange Integration

Retrieved on: 
Tuesday, November 28, 2023
Risk management, BIT, Risk, Fraud, Institutionalisation, Learning, Hacks, Ecosystem, Exchange, Wallet, MPC, HTX, FTX, CCO, Bankruptcy, Cryptocurrency, Financial services, Bitget

NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Today, Fireblocks – a platform to manage digital asset operations and securely build blockchain-based products – announced the launch of Fireblocks Off Exchange, the first and only solution that truly eliminates exchange counterparty risk.

Key Points: 
  • NEW YORK, Nov. 28, 2023 /PRNewswire/ -- Today, Fireblocks – a platform to manage digital asset operations and securely build blockchain-based products – announced the launch of Fireblocks Off Exchange, the first and only solution that truly eliminates exchange counterparty risk.
  • Off Exchange enables trading firms and asset managers to trade on centralized exchanges from an on-chain MPC shared wallet.
  • We are pleased to be among the first users of Fireblocks Off Exchange, which mitigates exchange exposure through direct custody.
  • For those interested in learning more about Fireblocks Off Exchange and the Fireblocks Network, please visit fireblocks.com .

THE DIOCESE OF ROCKVILLE CENTRE FILES FIRST AMENDED PLAN OF REORGANIZATION AS ROADMAP TO EMERGENCE

Retrieved on: 
Tuesday, November 28, 2023
United States bankruptcy court, Disclosure, Arrowood station, Motion, Substance abuse, Risk, Unsecured creditor, Catholic Church, State court, Insurance, Calendar, Rockville Centre, New York, Uncertainty, Committee, Food security, Housing, Survivor, Lawyer, Mental health, Plan, Bankruptcy, Education, Life insurance, Diocese

ROCKVILLE CENTRE, N.Y., Nov. 28, 2023 /PRNewswire/ -- The Diocese of Rockville Centre ( www.drvc.org ) (the "Diocese") filed its Amended Plan and Disclosure Statement today, offering a total of $200 million in compensation as its best and final proposal for settling with survivors of abuse.

Key Points: 
  • ROCKVILLE CENTRE, N.Y., Nov. 28, 2023 /PRNewswire/ -- The Diocese of Rockville Centre ( www.drvc.org ) (the "Diocese") filed its Amended Plan and Disclosure Statement today, offering a total of $200 million in compensation as its best and final proposal for settling with survivors of abuse.
  • Under the Plan, the $200 million settlement fund includes a Diocese contribution of $50 million and a contribution of $150 million from parishes, co-insured parties, and other Catholic ministries.
  • In addition, the Diocese and all affiliate parties are contributing the value of their substantial rights against third-party insurance companies as part of the Plan.
  • The Plan offers an immediate minimum cash payment of $100,000 to each claimant with a lawsuit against a non-debtor contributor.

Canopy Growth Announces that BioSteel Obtains Court Approval of Successful Bids in Sale and Investment Solicitation Process

Retrieved on: 
Friday, November 17, 2023
Sale, Record, CCAA, Canopy Growth, Intellectual property, CGC, TSX, BioSteel, Bankruptcy, Bank, Security (finance), Cryptocurrency, Lease

Elimination of funding obligation to BioSteel consistent with Canopy Growth's cannabis focus and transformation to a simplified, asset-light operating model.

Key Points: 
  • Elimination of funding obligation to BioSteel consistent with Canopy Growth's cannabis focus and transformation to a simplified, asset-light operating model.
  • On September 21, 2023, the CCAA Court granted an order (the "SISP Order") authorizing BioSteel Canada to conduct, under the oversight of KSV Restructuring Inc., in its capacity as court-appointed monitor of BioSteel Canada, a sale and investment solicitation process (the "SISP") in accordance with the terms and conditions relating thereto (the "SISP Procedures").
  • a)    a sale of substantially all of the assets of BioSteel Canada (the "BioSteel Canada Transaction") as contemplated by an asset purchase agreement dated November 9, 2023 (the "BioSteel Canada Asset Purchase Agreement"); and
    b)    a sale of all or substantially all of the assets (the "BioSteel Manufacturing Transaction" and together with the BioSteel Canada Transaction, the "Sale Transactions") of BioSteel Canada's U.S. affiliate, BioSteel Manufacturing as contemplated by an asset purchase agreement dated November 9, 2023 (the "BioSteel Manufacturing Purchase Agreement").
  • The closing of the BioSteel Canada Transaction is subject to customary closing conditions and an order of the US Bankruptcy Court recognizing the approval of the BioSteel Canada Transaction.

COHN & DUSSI ATTORNEYS RECOGNIZED BY SUPER LAWYERS FOR 2023

Retrieved on: 
Thursday, November 16, 2023
Creditor, Associate, Research, Leadership Academy, Thomson Reuters, Bankruptcy Appellate Panel, Divorce, Appeal, Trustee, MBA, Lawyer, Bankruptcy, Practice of law, Security (finance), Boston

BOSTON, Nov. 16, 2023 /PRNewswire/ -- Cohn & Dussi, a full-service law firm with offices in Boston and Providence, RI, is pleased to announce that three attorneys at the firm were recognized by Super Lawyers for 2023.

Key Points: 
  • BOSTON, Nov. 16, 2023 /PRNewswire/ -- Cohn & Dussi, a full-service law firm with offices in Boston and Providence, RI, is pleased to announce that three attorneys at the firm were recognized by Super Lawyers for 2023.
  • Two attorneys were named to the Super Lawyers List, Michael H. Theodore and Shawn M. Masterson .
  • Only 5 percent of lawyers are named to the Super Lawyers List each year.
  • Each year, no more than 2.5 percent of the lawyers in the state are selected by Super Lawyers to receive this honor.

RENOWNED LITIGATOR CHRISTOPHER FROST PARTNERS WITH BIGLAW EXPATS TO LAUNCH FROST LLP, A LITIGATION-ONLY LAW FIRM

Retrieved on: 
Thursday, November 16, 2023
Courtroom, Employment, IP, Fraud, Hasid, Former, LOS, Intellectual property, Sanitation, Music, Private law, Corporate title, The CW, Television, Partnership, Lawyer, Frost, Athlete, FROST, Law firm, Bankruptcy, Insurance

LOS ANGELES, Nov. 16, 2023 /PRNewswire/ -- Founding name partner Christopher Frost today announced the formal launch of FROST LLP. Co-founded with fellow partners John D. Maatta and Josh Stambaugh. FROST LLP is a new litigation-only law firm that draws on their decades of combined BigLaw and big business trial, transactional, and advisory experience and achievement on behalf of clients. With a stable of nine lawyers (and growing), the founding team is introducing a new model of litigation-only firm that prioritizes client business goals and objectives in legal decisions, streamlines firm operations for leanness and efficiency, and maintains longstanding client advisory relationships that transcend billable hours.

Key Points: 
  • Based in Los Angeles, FROST LLP's founding partners are Frost, Trial Attorney and Former CW Network Co-Head John D. Maatta, and Courtroom Litigator Josh Stambaugh
    LOS ANGELES, Nov. 16, 2023 /PRNewswire/ -- Founding name partner Christopher Frost today announced the formal launch of FROST LLP.
  • FROST LLP is a new litigation-only law firm that draws on their decades of combined BigLaw and big business trial, transactional, and advisory experience and achievement on behalf of clients.
  • Frost is a BigLaw veteran who has chaired numerous litigation departments and has consistently won substantial victories on behalf of clients across the globe.
  • Stambaugh is an exceptional trial lawyer who has served as a first-chair trial attorney in both state and federal court.

Subway® Names Jeff Shepherd as Chief Financial Officer

Retrieved on: 
Wednesday, November 15, 2023
Advance Auto Parts, Central Michigan University, General Motors Europe, Ernst & Young, CFO, Bankruptcy, Treasury, Management, Subway

MIAMI, Nov. 15, 2023 /PRNewswire/ -- Subway, one of the world's largest restaurant brands, today announced the appointment of Jeff Shepherd as Chief Financial Officer (CFO).

Key Points: 
  • MIAMI, Nov. 15, 2023 /PRNewswire/ -- Subway, one of the world's largest restaurant brands, today announced the appointment of Jeff Shepherd as Chief Financial Officer (CFO).
  • Shepherd will report directly to Chief Executive Officer (CEO) John Chidsey and oversee Subway's global finance organization, responsible for managing and optimizing the brand's global financial performance and information security.
  • Shepherd succeeds Ben Wells who will retire at the end of the year after a 46-year career.
  • "Jeff has a well-earned reputation for driving strong financial results for global brands, bringing nearly 30 years of financial and accounting experience to our organization," said Subway CEO John Chidsey.

IDTechEx Discusses the Technology Trends Driving Sustainable Polymers for a Circular Economy

Retrieved on: 
Tuesday, November 14, 2023
Carbon, Suntory, Pressure, Research, Biomass, CCU, MEG, Plant, TPA, Carbon dioxide, Recycling, OECD, PLA, Investment, Government, PEF, Mitsubishi Corporation, Polymer, CO2, Polyhydroxyalkanoates, Biotechnology, Fungus, Bankruptcy, Neste, Lobbying, Biotransformation, Dissolution, BASF, Polyethylene, Lactic acid, Bacteria, Eneos, Synthetic biology, Traction, ExxonMobil, Non-governmental organization, Growth, Eastman Chemical Company, PET, PHA, Environment, United Nations, Renewable energy, Coal, Fine chemical, Plastic, Players, Covestro

Answering this demand for more sustainable plastics to support the circular economy requires innovations from all stakeholders in the polymer value chain, from the chemical suppliers to the end-users to the recyclers.

Key Points: 
  • Answering this demand for more sustainable plastics to support the circular economy requires innovations from all stakeholders in the polymer value chain, from the chemical suppliers to the end-users to the recyclers.
  • Lastly, the end-of-life recycling of these plastics, through both well-established mechanical recycling and the more emerging advanced recycling , is critical to establishing a truly circular economy.
  • In this article, IDTechEx considers some of the technology developments, challenges, and the outlook of the innovations affecting each part of the polymer value chain.
  • IDTechEx will be hosting a free-to-attend webinar on the topic on Tuesday 21 November 2023 - Creating a Circular Economy: Emerging Sustainable Materials to Watch in 2024 .

IDTechEx Discusses the Technology Trends Driving Sustainable Polymers for a Circular Economy

Retrieved on: 
Tuesday, November 14, 2023
Carbon, Suntory, Pressure, Research, Biomass, CCU, MEG, Plant, TPA, Carbon dioxide, Recycling, OECD, PLA, Investment, Government, PEF, Mitsubishi Corporation, Polymer, CO2, Polyhydroxyalkanoates, Biotechnology, Fungus, Bankruptcy, Neste, Lobbying, Biotransformation, Dissolution, BASF, Polyethylene, Lactic acid, Bacteria, Eneos, Synthetic biology, Traction, ExxonMobil, Non-governmental organization, Growth, Eastman Chemical Company, PET, PHA, Environment, United Nations, Renewable energy, Coal, Fine chemical, Plastic, Players, Covestro

Answering this demand for more sustainable plastics to support the circular economy requires innovations from all stakeholders in the polymer value chain, from the chemical suppliers to the end-users to the recyclers.

Key Points: 
  • Answering this demand for more sustainable plastics to support the circular economy requires innovations from all stakeholders in the polymer value chain, from the chemical suppliers to the end-users to the recyclers.
  • Lastly, the end-of-life recycling of these plastics, through both well-established mechanical recycling and the more emerging advanced recycling , is critical to establishing a truly circular economy.
  • In this article, IDTechEx considers some of the technology developments, challenges, and the outlook of the innovations affecting each part of the polymer value chain.
  • IDTechEx will be hosting a free-to-attend webinar on the topic on Tuesday 21 November 2023 - Creating a Circular Economy: Emerging Sustainable Materials to Watch in 2024 .

Will Banks Take Black Eye and Billions in Losses Following Hung Buyout Deal for X/Twitter?

Retrieved on: 
Monday, November 13, 2023
Pressure, Acquisition, Bank, Book, CFA, Morgan Stanley, Multimedia, Barclays, Advertising, Social media, Patent, Bank of America, News, Bankruptcy, Name, Security (finance), Musk

NEW YORK, Nov. 13, 2023 /PRNewswire/ -- Some of the biggest names in investment banking are facing billions in losses from loans that helped Elon Musk finance his takeover of Twitter one year ago. Since Musk's purchase and renaming to X, asset managers have slashed X's value from $44 billion to a fraction of that amount, following a sharp worldwide decline of active users, steep losses in advertising revenue, and claims by Musk himself that X is near bankruptcy. According to news reports, the company recently valued itself at $19 billion.

Key Points: 
  • The best outlook for Barclay's, Bank of America and Morgan Stanley is to sell their debt in the company at a small loss.
  • With a full calendar year passing since the initial debt was issued to Musk, pressure on the banks to unload that debt only grows.
  • If the investment banks want to clean their books of the X debt, there are those who would offer a fair and reasonable price.
  • zuMedia is the parent company of both BackSkin Inc. and DMDb Inc.
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