Sam Bankman-Fried has pleaded not guilty to criminal charges that he cheated investors in his now-bankrupt FTX cryptocurrency exchange, causing billions of dollars in losses in what prosecutors have called an epic fraud. The 30-year-old defendant entered his plea through his lawyer to eight criminal counts, including wire fraud and conspiracy to commit money laundering,…
DetailsIRVINE, Calif.–(BUSINESS WIRE)–Force Ten Partners, LLC is pleased to announce that Edward Kim and Jorge Gonzlez have joined the firm as partners. Edward and Jorge are leading Force 10s bankruptcy committee practice, which focuses on advisory services for official and ad hoc committees of unsecured trade, tort, and litigation creditors, as well as equity committees.…
DetailsReceive free H2O Asset Management updates Well send you a myFT Daily Digest email rounding up the latest H2O Asset Management news every morning. French regulators have imposed a record 75mn fine on asset manager H2O and banned its co-founder Bruno Crastes from the industry for five years over investments in illiquid debt linked to…
DetailsAs an eventful 2022 comes to an end, here are the stories and issues that shaped the year in Canadian higher education. Re-enjoy some of our award-winning content during your holiday break. And in the spirit of the season, share this newsletter with anyone in your network who may not know about UA. The international…
Details01/03/2023 | 10:18am EST Washington, D.C., Jan. 3, 2023 – FTI Consulting, Inc. (NYSE: FCN) today announced the promotion of 35 professionals within the firm’s Corporate Finance & Restructuring segment to Senior Managing Director, effective Jan. 1, 2023. “Organizations call on FTI Consulting to help them navigate challenges related to business transformation, transactions and restructurings,…
DetailsOne thing thats become clear in the past few tumultuous and for many, traumatic years is that its easy to feel like there is no control in our lives. Control is a basic psychological need that helps people feel like they have agency, from how they live to where they work. One area where people…
DetailsGTT Financial restructuring process completed Debt reduced by close to $3 billion; balance sheet strengthened Culture transformed to focus on customer experience and continuous operational improvements MCLEAN, Va., Jan. 03, 2023 (GLOBE NEWSWIRE) — GTT Communications, Inc. (GTT or the Company), a leading global provider of managed network and security services to multinational organizations, announced…
DetailsDave Wilkin, Co-Founder and CEO, 10KC. Getty Economic uncertainty and fear for the future have led to mass layoffs and hiring freezes across many companies. And while these measures might be fiscally responsible and necessary, employee engagement is undoubtedly impacted when an organization downsizes or restructures. A quick look at social media, and you can…
DetailsE.W. Scripps Company In the worst cases the Federal Trade Commissions says cash-strapped consumers are charged a large up-front fee by a company that falsely claims they can remove negative information from their credit report. Also, there are often promises to help settle or lower their debts. COLORADO SPRINGS With inflation and many families gathering…
DetailsLONDON, Jan. 3, 2023 /PRNewswire/ — Winston & Strawn LLP is pleased to announce the expansion of the firm’s restructuring team with the addition of Partner Paul Fleming to lead the Restructuring & Insolvency Practice in the firm’s London office. Paul has more than 25 years’ experience in advising creditors (including institutional lenders and bondholders),…
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