Bankruptcy

Forshey Prostok Welcomes Back Harrison Pavlasek

Retrieved on: 
Friday, March 22, 2024
Bankruptcy, Bar association, Property law, Chambers and Partners, United States bankruptcy court, Family, University School, Practice of law

FORT WORTH, Texas, March 22, 2024 /PRNewswire/ -- Bankruptcy and restructuring boutique Forshey Prostok is pleased to welcome new attorney Harrison Pavlasek to the firm's Fort Worth office.

Key Points: 
  • FORT WORTH, Texas, March 22, 2024 /PRNewswire/ -- Bankruptcy and restructuring boutique Forshey Prostok is pleased to welcome new attorney Harrison Pavlasek to the firm's Fort Worth office.
  • Mr. Pavlasek, who previously served as a law clerk with Forshey Prostok while he was in law school, focuses his practice on bankruptcy and reorganization , and on assisting clients in navigating the rigors of restructuring.
  • "We've watched Harrison's career closely these last few years, and are proud to welcome him back to the firm," said Forshey Prostok name partner Jeff Prostok .
  • Forshey Prostok LLP provides extensive experience in all areas of bankruptcy law from its offices in Fort Worth, Dallas, and Houston.

Endo Announces Confirmation of Plan of Reorganization

Retrieved on: 
Tuesday, March 19, 2024
Patient, United States bankruptcy court, Bankruptcy, Endo International, Plan, Sale, Growth, OTC, Pharmaceutical industry

DUBLIN, March 19, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its Chapter 11 plan of reorganization (the "Plan"), clearing the path for the Company to successfully complete its financial restructuring.  Under the Plan, substantially all of the Company's assets are being sold to a new entity, Endo, Inc., over 95% of which is owned by holders of the Company's first lien debt.  The transaction is expected to close as early as late April 2024 upon receiving final regulatory approvals and satisfying customary closing conditions.

Key Points: 
  • DUBLIN, March 19, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its Chapter 11 plan of reorganization (the "Plan"), clearing the path for the Company to successfully complete its financial restructuring.
  • Under the Plan, substantially all of the Company's assets are being sold to a new entity, Endo, Inc., over 95% of which is owned by holders of the Company's first lien debt.
  • The transaction is expected to close as early as late April 2024 upon receiving final regulatory approvals and satisfying customary closing conditions.
  • Blaise Coleman, Endo's President and Chief Executive Officer, said, "We look forward to emerging as Endo, Inc., a stronger company poised for sustained growth.

Endo Announces Confirmation of Plan of Reorganization

Retrieved on: 
Tuesday, March 19, 2024
Patient, United States bankruptcy court, Bankruptcy, Endo International, Plan, Sale, Growth, OTC, Pharmaceutical industry

DUBLIN, March 19, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its Chapter 11 plan of reorganization (the "Plan"), clearing the path for the Company to successfully complete its financial restructuring.  Under the Plan, substantially all of the Company's assets are being sold to a new entity, Endo, Inc., over 95% of which is owned by holders of the Company's first lien debt.  The transaction is expected to close as early as late April 2024 upon receiving final regulatory approvals and satisfying customary closing conditions.

Key Points: 
  • DUBLIN, March 19, 2024 /PRNewswire/ -- Endo International plc (OTC: ENDPQ) ("Endo" or the "Company") today announced that the United States Bankruptcy Court for the Southern District of New York has confirmed its Chapter 11 plan of reorganization (the "Plan"), clearing the path for the Company to successfully complete its financial restructuring.
  • Under the Plan, substantially all of the Company's assets are being sold to a new entity, Endo, Inc., over 95% of which is owned by holders of the Company's first lien debt.
  • The transaction is expected to close as early as late April 2024 upon receiving final regulatory approvals and satisfying customary closing conditions.
  • Blaise Coleman, Endo's President and Chief Executive Officer, said, "We look forward to emerging as Endo, Inc., a stronger company poised for sustained growth.

Usual Emerges From Stealth, Launches New Stablecoin Ecosystem With Alternative Model

Retrieved on: 
Tuesday, March 19, 2024
Bankruptcy, Growth, Elis James, Risk, Acquisition, National Assembly, Privatization, Cryptocurrency

PARIS, March 19, 2024 /PRNewswire/ -- Usual, an innovative hybrid finance protocol, today officially emerged from stealth by announcing the launch of USD0, a permissionless and fully compliant stablecoin backed 1:1 by real-world assets (RWAs), and USUAL, a governance token that allows the community to guide the future evolution of the network. Usual addresses current stablecoin market issues by redistributing profits to the community, rewarding token holders with real yields generated by the RWAs.

Key Points: 
  • Usual addresses current stablecoin market issues by redistributing profits to the community, rewarding token holders with real yields generated by the RWAs.
  • Usual represents the next evolution in decentralized stablecoins by reinstating community trust, democratizing financial opportunities, and ensuring fair income distribution.
  • Usual governance tokens will reward USD0 holders and all other participants in the Usual ecosystem.
  • With the launch of USD0 and USUAL token, Usual seeks to drive the next evolution of equitable and community-centered finance.

INVESTOR ALERT: LKLSG Notifies Shareholders of Evolution AB (publ) (EVVTY) About Pending Securities Class Action Lawsuit and Important March 25, 2024, Deadline

Retrieved on: 
Monday, March 18, 2024
Telephone, Gambling, Bankruptcy, Report, Growth, Lawyer, Court, OTC, American depositary receipt, Security (finance)

Its American Depositary Shares ("ADSs") trade in the OTC Market in the United States under the ticker EVVTY.

Key Points: 
  • Its American Depositary Shares ("ADSs") trade in the OTC Market in the United States under the ticker EVVTY.
  • The lawsuit alleges that when the true facts were revealed to the market, the EVVTY share price dropped, damaging its investors.
  • If you are a member of the class, you can be represented by counsel without paying any out-of-pocket attorney's fees or costs.
  • LKLSG's lawyers have secured hundreds of millions of dollars for investors and consumers in class action and other complex litigation cases, including securities class actions.

CHEMISTREE TO SEEK DEBENTUREHOLDER APPROVAL FOR DEBT RESTRUCTURING

Retrieved on: 
Thursday, March 14, 2024
Odyssey, Indian stock exchange, Bankruptcy, Proxy, Circular, Trustee, Security (finance)

Pursuant to the Restructuring Transaction, the Company intends to issue an aggregate of 683,700,000 Common Shares at a price of $0.01 per Common Share to Debentureholders.

Key Points: 
  • Pursuant to the Restructuring Transaction, the Company intends to issue an aggregate of 683,700,000 Common Shares at a price of $0.01 per Common Share to Debentureholders.
  • The Company believes in its growth potential, and it believes the Restructuring Transaction is in the best interests of Debentureholders.
  • Chemistree will hold the Debentureholder Meeting to consider the Restructuring Transaction and the Trustee Authorization on April 5, 2024.
  • Each Debentureholder present in person or represented by proxy at the Debentureholder Meeting shall be entitled to one vote in respect of each $1,000 principal amount of Debentures held by such Debentureholder.

Nu Ride Inc., Formerly Known as Lordstown Motors Corp., Emerges from Chapter 11 with the New Ticker Symbol "NRDE" on the OTC Pink Market

Retrieved on: 
Thursday, March 14, 2024
United States bankruptcy court, Bankruptcy, Plan

NEW YORK, March 14, 2024 /PRNewswire/ -- Nu Ride Inc., formerly known as Lordstown Motors Corp ("Nu Ride" or the "Company") announced today that it has successfully emerged from bankruptcy pursuant to its confirmed plan of reorganization (the "Plan").

Key Points: 
  • NEW YORK, March 14, 2024 /PRNewswire/ -- Nu Ride Inc., formerly known as Lordstown Motors Corp ("Nu Ride" or the "Company") announced today that it has successfully emerged from bankruptcy pursuant to its confirmed plan of reorganization (the "Plan").
  • The Plan was confirmed by the United States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court") on March 6, 2024.
  • Upon emergence the Company's common stock was issued a new ticker symbol: "NRDE" on the OTC Pink Market.
  • Additional information about the Company and the Plan is available on the company's website ( www.nurideinc.com ) and in the Company's filings with the U.S. Securities and Exchange Commission, available at www.sec.gov/edgar .

Greenberg Traurig's Julia Frost-Davies Named Among The Secured Lender's 2024 Women in Secured Finance

Retrieved on: 
Thursday, March 14, 2024
Bankruptcy, Woman, LLP, Chambers and Partners, American College, Lawyer, Security (finance)

BOSTON, March 14, 2024 /PRNewswire-PRWeb/ -- Boston attorney Julia Frost-Davies is among 56 U.S. women honored in the "Recognizing Excellence: Women in Secured Finance 2024" issue of The Secured Lender, a publication of The Secured Finance Network. Davies is a shareholder in the Restructuring and Bankruptcy Practice at global law firm Greenberg Traurig, LLP. The special issue celebrates the "remarkable contributions of women in secured finance," the publication noted.

Key Points: 
  • Boston attorney Julia Frost-Davies is among 56 U.S. women honored in the "Recognizing Excellence: Women in Secured Finance 2024" issue of The Secured Lender, a publication of The Secured Finance Network.
  • BOSTON, March 14, 2024 /PRNewswire-PRWeb/ -- Boston attorney Julia Frost-Davies is among 56 U.S. women honored in the " Recognizing Excellence: Women in Secured Finance 2024 " issue of The Secured Lender, a publication of The Secured Finance Network.
  • Davies is a shareholder in the Restructuring and Bankruptcy Practice at global law firm Greenberg Traurig, LLP.
  • The special issue celebrates the "remarkable contributions of women in secured finance," the publication noted.

Katten Expands Litigation Team With Kevin Broughel in New York

Retrieved on: 
Thursday, March 14, 2024
Intellectual property, American Bar Association, Bankruptcy, Discovery Committee, Enforcement, Government, Property management

NEW YORK, March 14, 2024 /PRNewswire/ -- Katten announced today that seasoned litigator Kevin P. Broughel has joined the firm's Financial Markets Litigation and Enforcement practice as a partner in New York.

Key Points: 
  • NEW YORK, March 14, 2024 /PRNewswire/ -- Katten announced today that seasoned litigator Kevin P. Broughel has joined the firm's Financial Markets Litigation and Enforcement practice as a partner in New York.
  • With over twenty years of experience, Broughel focuses his practice in the areas of financial services, securities and shareholder disputes, fiduciary duty litigation and commercial litigation.
  • He counsels corporations and individuals in complex litigation involving corporate governance and fiduciary duties, securities fraud, mergers and acquisitions, class and derivative litigation, bankruptcy litigation and restructuring matters.
  • Before joining Katten, Broughel served as global co-chair of the Securities Litigation practice at Paul Hastings LLP.

Prominent Bankruptcy Lawyer Helps Individuals and Businesses Achieve Financial Fresh Start

Retrieved on: 
Thursday, March 14, 2024
Failure, Certified Public Accountant, CAPE, Travel, Bankruptcy, Shame, Law, CPA, Practice of law

CAPE GIRARDEAU, Mo., March 14, 2024 /PRNewswire/ -- The most challenging aspect of starting fresh after a bankruptcy is often the financial and emotional rebuilding process. Reestablishing credit, securing loans, and regaining financial stability can be difficult. Overcoming feelings of shame or failure and rebuilding one's confidence and sense of self-worth can also be daunting. Additionally, adjusting to changes in lifestyle and managing expectations while working toward new financial goals can pose significant challenges.

Key Points: 
  • CAPE GIRARDEAU, Mo., March 14, 2024 /PRNewswire/ -- The most challenging aspect of starting fresh after a bankruptcy is often the financial and emotional rebuilding process.
  • Additionally, adjusting to changes in lifestyle and managing expectations while working toward new financial goals can pose significant challenges.
  • As a skilled and experienced bankruptcy attorney in Cape Girardeau, Birk Law represents clients in bankruptcy court by filing their claims or objecting to debt discharges.
  • Business bankruptcy can be used to restructure a business and give business owners a fresh start.