Character AI faced probe by 46 state attorneys general before bankruptcy

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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

| Europe

| 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

Private Credit

Hot Stacks — The force majeure clause haunting data center debt docs

Just in time for Halloween, AI infrastructure credit investors may find themselves spooked after Oracle recently invoked a force majeure clause at a major New Mexico data center development.

8 Oct 2026

| US

News & Analysis

Distressed

Déjà vu — Kem One brings distressed disposals back to France

Kem One’s restructuring has brought back distressed disposals to France paving the way for alternatives to the French in-court processes.

7 Oct 2026

| Europe

News & Analysis

Distressed

Details emerge of Man City strategy as it appeals Premier League charges

Manchester City Football Club could argue that the independent commission that found it guilty of breaking Premier League financial rules over a nine-year period should not have the power to push a company to a potential insolvency situation, according to 9fin sources.

6 Oct 2026

| Europe

| US