Akiko Matsuda

The Wall Street Journal

AIG Engaged in ‘Deception’ to Avoid Paying Executives, Judge Says

By: Akiko Matsuda

Court reclassifies insurance giant’s $37.6 billion intercompany loan as equity, removing a major hurdle for former executives seeking hundreds of millions in unpaid compensation after the 2008 financial crisis.

The Wall Street Journal

Genesis Healthcare Settles Inside Dispute, Clears Path for Bankruptcy Exit

By: Akiko Matsuda

The deal with controlling investor Joel Landau waives claims and boosts recovery for unsecured creditors.

The Wall Street Journal

Georgia-Pacific Unit Beats Asbestos Claimants’ Bid for Trustee

By: Akiko Matsuda

A bankruptcy judge said Georgia-Pacific’s exploration of a second bankruptcy didn’t amount to a failure to protect creditors’ interests.

The Wall Street Journal

Buckingham Senior Community Wins Bankruptcy Exit as Residents Face Millions in Losses

By: Akiko Matsuda

The plan grants executives broad immunity against civil cases while returning roughly 4.8% in entrance fees to hundreds of seniors and their heirs.

The Wall Street Journal

FDIC Beats Investor Claim to $1.71 Billion Silicon Valley Bank Deposit

By: Akiko Matsuda

A federal judge ruled that creditors of SVB Financial aren’t entitled to the claim against the regulator, wiping out a bet by distressed-debt investors.

MSN

FDIC beats investor claim to $1.71 billion Silicon Valley Bank deposit

By: Akiko Matsuda

The Federal Deposit Insurance Corporation isn't required to return $1.71 billion to creditors of the bankrupt parent company of Silicon Valley

The Wall Street Journal

The Bag Maker Who Built a Global Following Out of a Cave in Santorini

By: Akiko Matsuda

Customers from 34 countries flock to a former storage space under a church to buy one of Iota Zaggle’s pieces—and spread the word.

MSN

The bag maker who built a global following out of a cave in Santorini

By: Akiko Matsuda

SANTORINI, Greece—John Volkoff spent a half-hour inside a cave here in July, with his head tilted sideways under the ceiling and the temperature rising because his 6-foot-3 frame was blocking the air conditioner.

The Wall Street Journal

Camp Mystic Victims’ Families Seek Independent Trustee to Take Control of Bankruptcy Case

By: Akiko Matsuda

Creditors allege the founding family is delaying restructuring to avoid accountability.

The Wall Street Journal

FDIC Defeats SVB Creditors’ Appeal to Recoup $1.7 Billion in Deposits

By: Akiko Matsuda

The Manhattan appeals court ruled that the regulator can keep SVB Financial Group’s deposit to offset damages, shutting down a key source of recovery for investors.