Clergy sexual abuse victims of Long Island’s Roman Catholic Diocese of Rockville Centre are seeking to claw back $250 million worth of real estate, cash, and more that they say the diocese transferred ahead of its bankruptcy to shield the assets.

An insurer for Bill Hwang and his Archegos Capital Management is suing to avoid paying any costs incurred by Archegos, Hwang and other senior executives of the investment firm from a separate suit by a former employee who claims the implosion of the family office cost him as much as $50 million.

A group of first-lien lenders to Mallinckrodt Plc has pitched a proposal to the drugmaker that would allow them to bid for the company’s assets through another bankruptcy as a $200 million payment owed under its settlement in the opioid crisis comes due, according to people familiar with the matter.

Welcome to The Brink. It’s Katharine Hidalgo and Giulia Morpurgo in London, where more and more private lenders are taking over troubled firms they have invested in. But before getting into that, let’s look at what SVP’s founder Victor Khosla told Rachel Butt in New York about prospects for distressed debt investors. We also have the latest on Casino and recovery on defaulted leveraged loans. Follow this link to subscribe. Send us feedback and tips at rbutt4@bloomberg.net or Tweet/DM to @rachel_butt.

After four months sparring in bankruptcy court, Serta Simmons Bedding LLC and its snubbed lenders had a final standoff on Thursday as the company asked a federal judge to approve its restructuring plan.

Some companies whose loans are trading around 70 cents on the dollar will struggle to refinance their debt, and will instead fail, according to Young Choi, partner and global head of trading at King Street Capital Management.