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How Binance Is Racing to Cover Losses in the Biggest Heist in Crypto History
The breach blew past everything the exchange had set aside to cover such an incident.
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Alphabet Stock Sinks, Dragging Nasdaq Lower
U.S. stocks declined, led by the Nasdaq Composite, after Alphabet’s earnings disappointed investors and sparked another bout of AI worries.
Weil Gotshal Taps AlixPartners to Steer Wind-Down
The restructuring advisory firm will help dissolve the New York law firm after a wave of partner departures forced it to announce Wednesday it was shutting down.
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The Firm That Pioneered Bankruptcy Law Is Winding Down Itself
Weil Gotshal & Manges lost its grip on the lucrative business of bankruptcy it helped create, squeezed by rising competition and industry changes.
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Weil Gotshal Says It Is Shutting Its Doors
The once-storied law firm suffered a series of high-profile defections and failed merger talks that left it with few options.
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Broadcom CEO Intervened to Seal $63 Billion Anthropic Debt Deal
The deal, announced on Monday, is the biggest ever to raise money for AI infrastructure.
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Weil Gotshal Enlists Bankruptcy Lawyer, as Firm’s Situation Worsens
After a marathon partners’ meeting on Sunday, the law firm has tapped Davis Polk to advise on potential options.
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JetBlue Creditors Hire Advisers as Airline’s Shares, Bonds Sink
Senior creditors to the airline are working with financial adviser PJT Partners and law firm Akin.
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Weil Gotshal Loses More Top Lawyers as Merger Talks Collapse
Partners are leaving for rivals including Sidley Austin and Davis Polk, increasing pressure on the law firm to secure its future.
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Optimum Communications Prepares for Bankruptcy to Implement Deal
Optimum Communications is preparing to file for chapter 11 to hand control to creditors and weather billions of dollars in approaching debt maturities, according to people with knowledge of the matter.
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