M*Modal Inc., a medical-services company owned by J.P. Morgan Chase & Co.’s private-equity arm, filed for Chapter 11 bankruptcy protection Thursday, following a decline in sales and mounting debt. Read the Daily Bankruptcy Review article via The Wall Street Journal.
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According to Bloomberg, lawyers trying to sue General Motors Co. following the faulty ignition switch debacle might face being blocked by a judge’s order five years ago.
SecondMarket Inc. wants to open a private bitcoin investment fund to ordinary investors, The Wall Street Journal reports.
British Virgin Island resort owner Scrub Island Development Group Ltd. filed a restructuring plan, Bloomberg reports.