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Octus Radio

2U's Potential Bankruptcy, Third Circuit on Sanofi’s Royalty Claims, Jane Street Drops Injunction

Apr 30, 2024
This podcast covers updates in the restructuring sector, financial challenges of I-Care Partners and TuU, and previews upcoming key events in bankruptcy cases for the week ahead. It discusses recoveries, court rulings, debt exchanges, and legal proceedings in various courts.
07:17

Podcast summary created with Snipd AI

Quick takeaways

  • Wii Works' amended plan incentivizes claim holders with new money for higher recoveries.
  • The Federal Communications Commission reinstates net neutrality regulations to maintain a level playing field in broadband provision.

Deep dives

REORC Analysis of Wii Works' Amended Recovery Plan

REORC recently published an analysis of recoveries under Wii Works' amended plan, incentivizing claim holders with new money to boost their recoveries. Claim holders providing $400 million in new money would receive a significant portion of organized equity. This move aims to enhance recoveries by offering incentives to first and second-lien claim holders.

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