In Re: NTS W. USA Corp.
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October 21, 2022
Navient Collections Halted, Mallinckrodt Faces $1.6B Suit
Navient Solutions is appealing a nationwide injunction barring it from collecting on certain student loans discharged through bankruptcy, Mallinckrodt creditors are suing for the return of $1.6 billion used to buy back shares pre-bankruptcy, and liquidators for crypto hedge fund Three Arrows Capital want to serve subpoenas via Twitter. This is the week in bankruptcy.
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October 19, 2022
2nd Circ. Affirms Toss Of Desigual's Ch. 11 COVID Lease Row
The Second Circuit affirmed a lower court's decision Tuesday finding that fashion retailer Desigual USA can't use the imposition of COVID-19 business restrictions to get out of lease obligations for a Fifth Avenue store.