News

Solifi, a global fintech software partner for secured finance firms, was listed among the top fourteen Fast Track FinTech winners, as well as an IDC Fintech Top 100 company.

Edgio and certain of its affiliates has voluntarily filed for chapter 11 relief in the United States Bankruptcy Court for the District of Delaware to effectuate one or more sale transactions. To anchor the sale process, Edgio has entered into...

Big Lots entered into an agreement with an affiliate of Nexus Capital. To facilitate the transaction, the company, together with each of its subsidiaries, initiated voluntary Chapter 11 proceedings in the U.S. Bankruptcy Court for the District of Delaware.

Legal representation for a distressed pool and spa company, Lippes Mathias, determined that avoiding a chapter 11 filing was in the best interests of the company and teamed with Second Wind to walk the business through an Article 9 restructuring.

Wheel Pros (d/b/a Hoonigan) and certain of its North American-based affiliates, a provider of aftermarket vehicle enhancements, commenced an in-court financial restructuring process to position it to drive long-term growth.

Small and medium-sized business (SMB) lending fraud has increased by a double-digit percentage year over year, with most lenders expecting fraud levels to continue to increase in the coming months, according to LexisNexis Risk Solutions.

Red Lobster Management, along with its direct and indirect operating subsidiaries, owner and operator of the Red Lobster restaurant chain, has received court approval of its chapter 11 plan.

PNC Bank’s latest semi-annual survey of small and mid-sized businesses, which concluded Aug. 6, 2024, indicates that business owner optimism remains high, lending support to PNC’s forecast of a soft landing for the U.S. economy.

Matrix Capital Markets Group, an independent investment bank, advised Singer Energy Group and its affiliates, d/b/a Robison, on the sale of its integrated heating oil distribution and HVAC services business to an affiliate of Star Group.

Overall commercial bankruptcy filings increased 8% in August 2024 to 2,562 from 2,358 in August 2023, according to data provided by Epiq AACER, a provider of U.S. bankruptcy filing data.