Weekly News – February 9

Adam Neumann is doing his own grave dancing, CRC weighs in on New Jersey case assignments, Houston has a P.O. Box issue, and much, much more! ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏  ͏ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­ ­  

Creditor Corner

for the week ended February 9, 2024

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BREAKING NEWS

Adam Neumann is doing his own grave dancing, CRC weighs in on New Jersey case assignments, Houston has a P.O. Box issue,  and much, much more!


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Bruce Richards on the Markets:

Don’t Fight the Fed: Rate Outlook

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In The News

Look who is back!

Exclusive Content

And just like any good distressed investor, timing is everything…

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Our take:

One small step…. but the devil is in the details. 

We hope the NJ Court follows through and changes its local rules to assign all large cases among all 8 judges in the district rather than allow cases filed in Trenton to be assigned to the 2 judges sitting there. For more information about how judge shopping works in New Jersey, read Adam Levitin’s piece here.

Interestingly, the Third Circuit just announced a vacancy on the NJ Court with applications due March 6. In case you’re interested you can apply here. What are the betting odds on whether the new Judge will be assigned to Trenton??

Tell us what you think here

Exclusive Content

Houston has a P.O. Box issue

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Our take:

Another pro se equityholder has done some nice sleuthing to uncover Jackson Walker created venue just hours before the Sorrento filing by opening up a P.O. Box when the venue rules require 180-days!

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In The News

One to watch…

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Working out…

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Diamond Sports Steamroller starting…

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In The News

A tough way to make a living

In The News

Low $$ bonds putting a crimp on m&a?

Data Download

There’s a lot of dry powder out there

Dry powder held by private credit funds globally

Source: S&P Global, Prequin. Data as of Sept 30, 2023

Global PE dry powder ($, bn)

Source: S&P Global, data through Dec. 1, 2023

In The News

property sector woes

Tweet Of The Week

Are markets getting ahead of themselves??

What We’re Reading

Read about sponsor control of BK process

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Podcast of the Week

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Data Download

BIG move in rates this week

Bruce Richards on the Markets

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To follow Bruce’s thoughts on markets, investing, and more follow @bruce_markets

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February 23

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Upcoming Events

SFNET: Las Vegas Asset-Based Capital Conference

February 6, 2024

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TMA: 2024 Last Vegas Distressed Investing Conference

February 8, 2024

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City Bar Bankruptcy Committee & ACFA: Hot Topics in Bankruptcy

February 13, 2024

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ABI: Paskay Tampa Memorial Bankruptcy Seminar

February 15, 2024

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ACFA: Liability Management Transactions Program

March 14, 2024

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ABF Journal: 15th Annual Philadelphia Restructuring Summit

March 21, 2024

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Sidley & Austin, Southern California Gould School of Law, and Lewis & Clark Law School: Financial Restructuring Roundtable

April 4, 2024

Contact Samir Parikh for more information at [email protected]

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