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<p>More information about the Ascend Elements bankruptcy is available on the free case administration website: https://veritaglobal.net/ascend</p><p>And here's a link to Recycling Today's coverage of the Ascend Elements bankruptcy and events leading up to it: https://www.recyclingtoday.com/news/ascend-elements-files-for-chapter-11-bankruptcy/</p>

<p>The podcast skips a couple of hearings held in the Saks bankruptcy proceedings earlier in April. The 4/24/2026 hearing is a helpful one to review because it includes an update on the restructuring support agreement and also an update on the anticipated timing of the chapter 11 disclosure statement. Additionally the hearing includes a summary of the proposed chapter 11 exit financing, with the business justification for the terms. At the conclusion of the hearing, the bankruptcy court approved the proposed exit financing, and the court noted another hearing is on for next Friday.</p>

<p>In this case the Supreme Court is considering whether investor harm is a prerequisite to a disgorgement award in a civil action brought by the Securities and Exchange Commission (SEC).</p>

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<p>The hearing opens with counsel extending condolences to the Court following the passing of Judge Dorsey, the Judge who had presided over the FTX and Alameda bankruptcy proceedings after they were filed in Delaware in 2022: https://www.deb.uscourts.gov/news/passing-judge-john-t-dorsey</p>

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<p>The hearing starts approximately 4 minutes and 40 seconds into the recording.</p>

<p>This is the official audio recording of the argument held in the appeal in United States versus Sean Combs (Diddy) brought before the US Court of Appeals for the Second Circuit following the criminal conviction and sentencing.</p>