Character AI bankruptcy panics users at risk of losing digital friends

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News & Analysis

Distressed

Private Credit

What matters? Data center lenders debate materiality as construction risk looms

What makes the cut as a material event? It’s a question that has bedeviled Wall Street for years. And it’s a growing concern for credit investors in the fast-growing world of data center finance as they demand greater disclosure on projects’ construction progress amid energy bottlenecks, permitting delays, community opposition and political pushback.

16 Oct 2026

| US

| Europe

News & Analysis

Distressed

Character AI faced probe by 46 state attorneys general before bankruptcy

Character AI faced a probe by 46 state attorneys general before filing for Chapter 11 bankruptcy, the artificial intelligence company revealed in a 13 October filing.

13 Oct 2026

| US

News & Analysis

Distressed

Altice International creditors accuse Drahi of siphoning billions in New York lawsuit

A steering committee of Altice International’s lenders has today (13 October) filed a lawsuit against the company in the New York Supreme Court, alleging a “multi-year scheme” to unlawfully transfer billions of dollars in assets out of creditors’ reach, according to court filings.

13 Oct 2026

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| CEEMEA

| US

News & Analysis

Distressed

Character AI files Chapter 11 as child-safety lawsuits mount

Character AI said it will file Chapter 11 bankruptcy in Delaware as part of a plan to sell its assets amid mounting wrongful death lawsuits — a landmark example of an artificial intelligence platform turning to the protection of bankruptcy code in the face of legal challenges.

13 Oct 2026

| US

News & Analysis

Distressed

Sidley Austin pushes restructuring expansion with hires from Slaughter and May and Clifford Chance

Sidley Austin has hired two counsel from Slaughter and May and Clifford Chance as it expands its European restructuring practice in London, which will reach 15 lawyers by next year, a firm representative told 9fin.

12 Oct 2026

| Europe

News & Analysis

Distressed

Getty secures shareholder backing for prepackaged Chapter 11

Getty Images plans to file a prepackaged Chapter 11 in the coming weeks after securing a restructuring agreement backed by its major creditor groups and commitments for up to $533m of new equity from existing shareholders the Getty family and Koch Equity Development.

12 Oct 2026

| US

| Europe