Weekly News – April 1

What we are watching…

Will the Ultra and PG&E appeals shed some light on reinstatement / unimpairment under Section 1124

Q1 high yield issuance drops 25%

Are we seeing cracks in the CMBS market?

Signs of stress in office real estate market

Blackstone gives 1740 Broadway back to lenders

don’t get too excited about the next default cycle (yet)

Leveraged loan corporate default rate expected to increase by five-fold to ….

What are academics talking about?

Prof. Brubaker takes a hard line stance on third-party releases (here) criticizing Prof. Simon’s more permissive approach (here).

NPR weighs in on bankruptcy…

Listen to Brian Mann of NPR talk about mass tort bankruptcy cases here

J&J Appeal to be heard by third circuit

Third Circuit to take up appeal of J&J Texas Two Step

You can run…

Russia avoids default (again)

but you can’t hide.

JPMorgan seizes oligarch ship

Another Lynn Tilton-controlled company files for bankruptcy

Bankruptcy lawyers on the move…

In ‘Unicorn’ Deal, Paul Hastings Lures 43-Lawyer Restructuring Team From Stroock

Upcoming Events

April 13: Faegre Drinker: Securities Law and the Distressed Bond Trading Market

April 25: NCBJ discusses the NHL Coyotes bankruptcy (don’t miss this one!)

April 26: TMA: NYC Judges Luncheon featuring Judges Drain, Jones & Lopez

April 28: American Bankruptcy Institute Annual Spring Meeting

May 11: VALCON 2022

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