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Randi Love

Virginia

Junior Litigation Reporter at Bloomberg Law

🏳️‍🌈 | Critic | bankruptcy reporter @BLaw | former @reuters | journo tips [email protected] | for reviews [email protected]

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Articles

  • 1 week ago | news.bloombergtax.com | Randi Love

    Rochester, New York’s Catholic diocese gained approval of a $71 million settlement with four insurers after a judge said the funds were necessary to help move the bankruptcy process along and provide closure to survivors of clergy sex abuse. The protection under the settlement’s insurance policy buyback sales is appropriate, otherwise the insurers might not provide any funds to the deal, Judge Paul R.

  • 1 week ago | news.bloomberglaw.com | Randi Love

    Settlement offers releases for participating insurersContributions will go toward fund for abuse claimantsRochester, New York’s Catholic diocese gained approval of a nearly $71 million settlement with four insurers after a judge said the funds were necessary to help move the bankruptcy case along and provide closure to survivors of clergy sex abuse.

  • 1 week ago | news.bloomberglaw.com | Randi Love

    A liquidating trustee for Sorrento Therapeutics Inc. seeks to claw back $32.2 million in transfers to B. Riley Commercial Capital LLC in the months before the drugmaker’s bankruptcy. Sorrento was insolvent when the transfers were made, having “approximately $21 million in negative retained earnings,” the trustee said in a Monday complaint in the US Bankruptcy Court for the Southern District of Texas.

  • 1 week ago | news.bloombergtax.com | Randi Love

    A liquidating trustee for Sorrento Therapeutics Inc. seeks to claw back $32.2 million in transfers to B. Riley Commercial Capital LLC in the months before the drugmaker’s bankruptcy. Sorrento was insolvent when the transfers were made, having “approximately $21 million in negative retained earnings,” the trustee said in a Monday complaint in the US Bankruptcy Court for the Southern District of Texas.

  • 1 week ago | news.bloombergtax.com | Randi Love

    Hooters of America LLC reached a $4.5 million global settlement with creditors that weren’t expected to recover anything under the casual dining chain’s bankruptcy plan. The deal includes $3 million allocated to creditors and $1.5 million for professional fees and expenses, an attorney representing a committee of unsecured creditors said during a Tuesday hearing in the US Bankruptcy Court for the Northern District of Texas.

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