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FTX Customers Poised to Recover All Funds Lost in Collapse
Posted inBankman-Fried, Sam Bankruptcies Bitcoin (Currency) E-Commerce HK FTX Trading Ltd (Futures Exchange) Suits and Litigation (Civil) Virtual Currency

FTX Customers Poised to Recover All Funds Lost in Collapse

Bankruptcy lawyers for FTX said that customers of the cryptocurrency exchange were set to get all their money back, plus interest.
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Posted by By David Yaffe-Bellany
Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer
Posted inBankruptcies Compensation for Damages (Law) Drugs (Pharmaceuticals) Johnson & Johnson Mesothelioma Suits and Litigation (Civil)

Johnson & Johnson Proposes $6.5 Billion in New Talc Settlement Offer

The offer is the company’s third attempt to resolve tens of thousands of claims that its baby powder caused ovarian cancer and mesothelioma.
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Posted by By J. Edward Moreno
Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail
Posted inBankman-Fried, Sam Bankruptcies Computers and the Internet Decisions and Verdicts Ethics and Official Misconduct Frauds and Swindling HK FTX Trading Ltd (Futures Exchange) Prisons and Prisoners Virtual Currency

Prosecutors Say Sam Bankman-Fried Should Get 40 to 50 Years in Jail

Mr. Bankman-Fried, who was convicted of seven counts of fraud and conspiracy, faces a maximum penalty of 110 years.
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Posted by By Matthew Goldstein and David Yaffe-Bellany
New York Community Bank Tries to Reassure Markets After $1 Billion Rescue
Posted inBanking and Financial Institutions Bankruptcies Mnuchin, Steven T New York Community Bancorp Inc. Otting, Joseph M

New York Community Bank Tries to Reassure Markets After $1 Billion Rescue

Management told investors that deposits had fallen, but the bank’s shares jumped on the details of a shift in strategy and large cash infusion led by the former Treasury secretary Steven Mnuchin.
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Posted by By J. Edward Moreno

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