News

The Hedaya Capital Group provided a $1 million factoring facility to a footwear company. The company required an additional capital investment to continue to grow, and their accountant referred them to The Hedaya Capital Group.

Funds managed by Oaktree Capital Management have assumed ownership of Inter Milan. This follows the non-repayment of Oaktree’s three-year loan to Inter Milan’s holding companies that matured on May 21, 2024 with a total balance due of approximately €395 ($428.2)...

Alvarez & Marsal formed its Alvarez & Marsal Legal Services (AMLS) business, which will provide management and consulting services to law firms worldwide. The AMLS leadership team is comprised of senior leaders from major U.S. and UK law firms.

Red Lobster Management, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster restaurant chain, has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the United States Bankruptcy Court for the...

CURO’s joint prepackaged plan of reorganization was confirmed by the U.S. Bankruptcy Court for the Southern District of Texas, Houston Division. The company also obtained recognition of the plan from the Ontario Superior Court of Justice (Commercial List).

Monitor hosted its second annual event, Converge, on May 15 – 16 in Philadelphia. The conference ended with an awards gala at the National Constitution, where Monitor awarded over a dozen designations.

Law Offices of Howard G. Smith launched an investigation on behalf of Shimmick investors concerning the company’s possible violations of federal securities laws. On this news, Shimmick’s stock price fell $1.24, or 34.1%, to close at $2.40 per share on...

Pathward expanded and transformation its suite of offerings for financial institutions. Formerly known for providing prepaid cards to banks and credit unions, Pathward’s new Solutions for Financial Institutions includes expanded options for commercial finance solutions and merchant services.

Gordon Brothers opened two new offices in Dubai and Auckland, expanding the firm’s presence in the Middle East and Asia Pacific.

TAB Bank has been named Best Community Bank by the Utah Best of State Awards for the second year in a row.