A group of insurers have formed a creditor group with Baupost Group LLC in a bid to recoup billions of dollars in insurance payouts from PG&E Corp. stemming from damage caused by California wildfires.
If the company is able to assemble a leadership team that satisfies shareholders ... Even Newsom joined the fight, urging the company to resist hedge fund picks and appoint local directors. ...
California lawmakers might also start a wildfire insurance fund ... equity value after its bankruptcy. Indeed, two former state energy regulators recently wrote an op-ed with a warning against giving ...
Gavin Newsom said last week the Golden State has given its team ... hedge fund The Baupost Group and David Tepper's $14 billion Appaloosa Management have build sizable and complex stakes in the ...
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"He said, don't worry, you're getting your money back and we didn't know that was the day after he filed bankruptcy," Sharon said ... "We have not received any funds back," Sharon Vega told Team 10. ...
Companies should be rewarded with more funds for the prudent use of cash ... way of saving money and cutting cost until insurance coverage increased, and CRG seems to be wanting to take them to ...
Representatives for Lampert’s ESL Investments Inc. hedge fund and Cyrus declined to comment. A representative for Sears, based in Hoffman Estates, Illinois, also declined to comment. A takeover would ...
Prominent NASCAR industry sponsor DC Solar has filed for chapter 11 bankruptcy in the aftermath of a Dec. 18 ... Freeman confirmed that the FBI and IRS raids seized “funds from all bank accounts ...
Other investors were caught out by the bankruptcy of a giant utility that had been rated investment-grade only a few weeks before its bankruptcy filing on Jan. 29. For example, a number of ...
The deal, revealed about five hours after Major League Baseball owners approved three finalists for an intended auction, is one of several steps toward a sale of the team by the end of April. It is ...
In fact, according to LIMRA’s Life Insurance Barometer study, 41 percent of business owners and individuals do not have life insurance, meaning they likely don’t have the necessary funds earmarked ... ...
"Senior CLO" debt tranches are typically rated AAA, are sold to large banks and insurance companies ... new term closed-end funds… …Detracting from returns was the Fund's position in Toys R Us, which ...