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21 Oct 2017 05:28 AM EST

On Friday a U.S. appeals court in New York ruled in favor of senior creditors who had contested interest rates imposed on them during the bankruptcy of silicone maker Momentive Performance Materials.The ruling reverses a decision that had sparked alarm among lenders. It was handed down by the 2nd U.S. Circuit Court of Appeals. The court found the U.S. Bankruptcy Court in White Plains, New York, erred by not using market rates to determine the interest paid on new notes Momentive forced on holders of about $1.25 billion of secured notes.

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21 October, 2017
Senate Investigators Speak With Russians

Senate intelligence committee investigators have spoken with several Russians who attended a June 2016 Trump Tower meeting with Donald Trump Jr.. It's a sign that the matter remains a significant focus for lawmakers looking into potential coordination between Trump associates and Kremlin-linked... Read more

20 October, 2017
New York City's Mayor Says It's "Distressing" That Russian Oligarchs Are Buying Up All The Apartment

Bill DeBlasio made an appearance on BuzzFeed News morning show AM to DM on Friday. In conversation with News editor Ben Smith He said it was “distressing” that the extremely rich, many from Russia who have come into their money through “ill-gotten gains”, are buying... Read more

20 October, 2017
Sanders Cancels Appearance At Women's Convention

On Thursday afternoon Vermont senator Bernie Sanders announced he will not attend and speak at the Women’s Convention in Detroit, Mich.Sanders is heading to Puerto Rico to offer aid after Hurricane Maria.In a statement Sanders said he will be traveling to San Juan to visit with Mayor... Read more

20 October, 2017
Prosecutors Seek Pharmacist's Conviction

A federal prosecutor on Friday told jurors that a Massachusetts pharmacist, charged with murder for his role in a deadly 2012 U.S. meningitis outbreak, acted with a “depraved heart” while knowingly producing non-sterile drugs. Glenn Chin is a former supervisory pharmacist at New England... Read more

20 October, 2017
Closing Arguments Begin For Trial Over Deadly U.S. Meningitis Outbreak

On Friday, closing arguments are set to begin for the trial of a Massachusetts pharmacist who stands accused of murder and fraud for his part in a 2012 fungal meningitis outbreak that killed seventy-six people and sickened hundreds more across the country. According to prosecutors, Glenn Chin... Read more

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