Randi Love

6 days ago | news.bloombergtax.com | Randi Love

Zips Car Wash LLC secured bankruptcy court approval of its reorganization plan with support from its junior creditors and lenders. With the nod Friday from Judge Michelle V. Larson of the US Bankruptcy Court for the Northern District of Texas, the plan hands Zips over to a group of lenders and cancels millions in old loans. The company’s bankruptcy exit comes after negotiations with lenders including HPS Investment Partners, PennantPark Investment Corp., and Brightwood Capital Advisors.

6 days ago | news.bloomberglaw.com | Randi Love

Zips Car Wash LLC secured bankruptcy court approval of its reorganization plan with support from its junior creditors and lenders. With the nod Friday from Judge Michelle V. Larson of the US Bankruptcy Court for the Northern District of Texas, the plan hands Zips over to a group of lenders and cancels millions in old loans. The company’s bankruptcy exit comes after negotiations with lenders including HPS Investment Partners, PennantPark Investment Corp., and Brightwood Capital Advisors.

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

Attorneys general from 27 states and the District of Columbia moved to appoint a consumer privacy ombudsman and security examiner in 23andMe Holding Co.'s bankruptcy, saying they’re concerned about the potential sale of sensitive data. The personally identifiable and genetic data that the DNA testing company controls requires stringent safeguards, the attorneys general said in four separate requests filed Tuesday in the US Bankruptcy Court for the Eastern District of Missouri.

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

Attorneys general from 27 states and the District of Columbia moved to appoint a consumer privacy ombudsman and security examiner in 23andMe Holding Co.'s bankruptcy, saying they’re concerned about the potential sale of sensitive data. The personally identifiable and genetic data that the DNA testing company controls requires stringent safeguards, the attorneys general said in four separate requests filed Tuesday in the US Bankruptcy Court for the Eastern District of Missouri.

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

Bankrupt prison health-care company Wellpath Holdings Inc. and its creditors reached a settlement, including $15.5 million in cash, two weeks ahead of its reorganization plan approval hearing. The deal, which is contingent upon court approval of the plan, would resolve about 1,500 personal injury claims from current and former inmates and families of deceased prisoners. The proposal sets up a liquidating trust to pay out tort claimants and certain other creditors.