Ken Feinberg on Mass Tort Mediation: State of Distressed Debt

Deadlines and ensuring the right parties are at the table are two crucial ingredients for successful mediations, according to Ken Feinberg, who was the Special Master of the Federal September 11 Victim Compensation Fund and has helped administer some of the most complex public crises in American history. He discussed mass tort’s intersection with Chapter 11 with Bloomberg Intelligence Bankruptcy Litigation Analyst Negisa Balluku (6:00). Prior to that, BI’s Noel Hebert and Phil Brendel discuss the risk-on euphoria in the credit markets, exemplified by half the US high yield universe now sporting spreads below 200 bps. The podcast concludes with Noel, Negisa and Phil reviewing ongoing bankruptcy and distressed situations, including Yellow, Genesis, Rackspace, Gol, WeWork, and Rite Aid (36:25).