Industry News – January 28, 2022 – Insolvency/Bankruptcy/Restructuring


Worldwide: Industry News – January 28, 2022

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Industry News

January 26, 2022 (Reuters)

A group of bankruptcy law professors are seeking to weigh in on Johnson & Johnson’s use of the bankruptcy system to settle lawsuits alleging its talc products cause cancer, calling the strategy a “gross abuse”.

January 26, 2022 (Yahoo! Finance)

As the financial world waits for the Federal Reserve’s monetary policy announcement on Wednesday afternoon in Washington, some of the top bond fund managers have already made their moves.

January 26, 2022 (Washington Post)

The biggest bankruptcy ever in the municipal debt market is on the verge of being resolved, now that a US judge has approved a restructuring plan for Puerto Rico. Yet many other challenges await investors, the island’s still bankrupt power company and its beleaguered residents. Even with a sharp reduction in debt payments, the key question for Puerto Rico is whether it can turn around an economy that has been shrinking for years amid steady population loss.

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