Corporate America Faces a Bankruptcy Boom

▤ Summary

Tighter financial conditions — driven in part by the Fed’s extended campaign of rate increases — are expected to persist, potentially forcing companies to pursue more cost cuts, layoffs and, failing that, Chapter 11. If approved by a federal judge, the payout would settle a proposed class-action lawsuit accusing the German lender of facilitating the disgraced financier’s sex trafficking of young women. The social media giant, which has been investing in the technology for nearly a decade, is taking a starkly different — and more contentious — approach, write The Times’s Cade Metz and Mike Isaac. The tech-focused private equity firm has the backing of Software AG’s executive leadership and its largest shareholder, which agreed to sell a 25 percent stake in the company to Silver Lake. “Cooperation with Silver Lake must not lead to competing takeover bids being nipped in the bud to the detriment of all other shareholders,” said a representative for investors who collectively own about 5 percent of Software AG.

▦ Linked Companies

Bloomberg

$1B+