Knotel Announces Path Forward to Rightsize Business

Press release content from PR Newswire. The AP news staff was not involved in its creation. NEW YORK, Jan. 31, 2021 /PRNewswire/ — Knotel, Inc. (or the “Company”) today announced plans to accelerate its transformation into a more capital efficient business and reorganize its operations and capital structure under new ownership. As part of its strategic path forward, Knotel has...

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Real Estate and Bankruptcy Attorney Steven Smith Joins Dorsey

The Canadian Press Ex-French leader Valery Giscard d’Estaing dies at age 94[1] PARIS — Valery Giscard d’Estaing, the president of France from 1974 to 1981 who became a champion of European integration, died on Wednesday. He was 94. Giscard d’Estaing’s office said he passed away in his family home in the Loir-et-Cher region, in central France, after contracting COVID-19. “In...

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Mallinckrodt Secures Broad Consensus with Key Stakeholders on Comprehensive Chapter 11 Restructuring

DUBLIN, Oct. 12, 2020 /PRNewswire/ — Mallinckrodt plc (NYSE: MNK) (“Mallinckrodt” or the “Company”) today announced that it has voluntarily initiated Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware to modify its capital structure, including restructuring portions of its debt, and resolve several billion dollars of otherwise unmanageable potential legal liabilities. Mallinckrodt and all of...

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Restructuring Moves Continue as Katten Takes Partners From Fox Rothschild, Akerman

Terence Banich, partner, Katten, Chicago (left), and John Mitchell, partner, Katten, Dallas. (Courtesy photos) Katten Muchin Rosenman[1] hired two insolvency and restructuring partners on Tuesday—one in Chicago and one in Dallas—as the firm continues to expand a practice area that has been booming in recent months due to COVID-19′s severe effect on many businesses. The most recent additions are Terence Banich, who...

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