A Massachusetts jury deliberated for roughly 38 hours over seven days and failed to reach a unanimous verdict in the case against Lindsay Clancy, resulting in Judge William Sullivan declaring a mistrial on Friday due to a holdout juror.
Clancy has admitted to strangling her three children, Cora, 5, Dawson, 3, and Callan, 8 months, with exercise bands inside the family's home in Duxbury, Mass., in January 2023 after sending her husband out to pick up dinner. She then cut her own wrists and neck, then jumped from a window, which left her paralyzed from the waist down.
Reddington built his case on a claim of severe postpartum psychosis, worsened, he argued, by a combination of prescription medications. Prosecutors rejected that framing entirely and argued Clancy understood what she was doing and planned the killings in advance. Clancy had not been diagnosed with psychosis before the murders and reportedly had not told any doctor she was hearing voices.
Judge Sullivan has scheduled a status and trial assignment hearing for Sept. 29.
Lindsay Clancy's supporters are clearly expecting a new trial. The Musgrove Family Fund, a GoFundMe campaign supporting Clancy's parents, Michael and Paula Musgrove, surpassed $1.16 million in donations from more than 33,000 donors within hours of the mistrial. Organizer Brandee Mulligan, a 42-year-old mother of three, raised the fund's goal to $3 million that same day and told supporters the extended legal process means the Musgroves will need help for a while longer.
"The original purpose of this fundraiser hasn't changed - it's simply to take one thing off their plate while they continue to show up for their family. If they have to keep showing up longer, I want to make sure the support does too."
The Musgroves left Wallingford, Connecticut, and moved roughly 150 miles to stay near Duxbury. Clancy's sister, Allison Ozga, appeared at the proceedings alongside them. GoFundMe's page states the Musgroves are the named beneficiaries who receive the money themselves, that Mulligan has no access to any of it, and that both the parents and Reddington knew about the campaign before it went live.
Mulligan, who is from Wisconsin and launched the fund on Aug. 11, previously told the Daily Mail that she had no contact with the Musgroves when she first created it and "did it without even asking permission." A GoFundMe spokesperson has confirmed the campaign is verified and that all funds go to Mike Musgrove as the intended beneficiary.
"In January 2023, Lindsay Clancy was accused of killing her three young children in the family's Duxbury, Massachusetts home," the GoFundMe page reads. "More than three years later, her case is now being tried in court. Throughout those three years, Lindsay's parents, Mike and Paula Musgrove, have continued to show up for their daughter."
"And that is who this fundraiser is for, Mike and Paula, who have spent years traveling back and forth, staying in hotels, attending court proceedings and ultimately relocating from Connecticut to Massachusetts so they could remain close to Lindsay," the page continues. "Their lives have largely been put on hold while they have continued doing what parents do: showing up for their child during the unimaginable. That has come at an enormous financial cost. This fundraiser is not asking anyone to agree on Lindsay, her case, or what the outcome of her trial should be. People will have different feelings about all of those things."
The new donations range from five dollars to three hundred, one-time gifts sitting beside recurring monthly pledges, though some of the biggest donations to the fund are in the thousands. One anonymous donor gave $5,000.
One donor wrote that their heart was with Lindsay and her parents and that they could not imagine the pain the family has endured. Another, on a fifth contribution, wrote that they could not imagine what Lindsay and her family are feeling right now.
The fund's success has spawned imitators on the platform, both for and against the family, including pages titled "Lindsay Clancy is an awful person!" and "Against the Musgrove Family Fund." GoFundMe told CT Insider it is monitoring and "reviewing" all Clancy-related fundraisers, and that "any found to be in violation of our terms of service will be removed."
CopycatThe trial appears to have produced at least one copycat. Corie A. Walsh, 38, of Frankfort, Illinois, was charged Friday with three counts of first-degree murder after her 2-year-old son Barrett was found hanging in the basement of the family home, a ligature around his neck. A 17-year-old neighbor was performing CPR when police arrived. Officers found Walsh upstairs in a bathtub, surrounded by bloody water, with cuts to her wrists and thighs. Her three other children were unharmed. Her husband was out of town.
Prosecutors said in a court proffer that Walsh "had recently become very invested in the Lindsay Clancy murder trial" and had been "actively discussing the case via group text message with her friends" until hours before her son was found. The boy died Tuesday afternoon, while the Clancy jury was still deliberating. Walsh told officers she killed him because he was the "devil" and the "anti-Christ."
Tyler Durden Sun, 09/06/2026 - 14:30Submitted by QTR's Fringe Finance
Private credit’s reckoning is not arriving with one grand, spectacular crash. It is arriving slowly and steadily, one loan at a time.
For years, one of private credit’s great attractions was the remarkable stability (or perceived stability) of its valuations. Public bonds could fall ten points in a week. Leveraged loans could gap lower after a bad earnings report. But private loans somehow possessed the soothing ability to remain at 98, 99 or 100 cents on the dollar through almost anything, all while paying investors a healthy yield.
Incredible, right? Another financial fairy tale…a proverbial unicorn sh*tting rainbows.
Until reality eventually reared it’s head, and now, to the surprise of no one, we are finding out unicorns don’t exist. Imagine that. We are learning that the absence of volatility in a reported mark does not mean the absence of deterioration in the underlying loan. And that is increasingly where the private credit story gets heinous…and why I’ve been writing about it for 2 years now.
The opacity is unlike any other corner of markets. Some borrowers can weaken for months, even years, while their loans remain marked at levels suggesting that most or all of the money is still coming back.
Eventually, though, something happens that makes the deterioration impossible to finesse away. A borrower stops paying interest. A hoped for refinancing disappears. The sponsor declines to put in more equity. A rescue transaction collapses. Or, most decisively, like we are seeing more and more, the underlying company files for bankruptcy.
That is when the soothing stability of private credit can suddenly disappear. A loan that sat near par through months of worsening fundamentals can plunge to 50, 20, five cents or even zero in remarkably short order. The economic deterioration may have been happening all along. The mark simply waited until reality became too difficult to ignore. You then get headlines like this one from Bloomberg yesterday.
And increasingly, the pattern looks familiar. A company struggles, leverage stays high, liquidity deteriorates and interest becomes harder to pay. Yet there is always a reason not to mark the loan too aggressively. Maybe EBITDA recovers. Maybe rates fall. Maybe the sponsor writes another check. Maybe there is a refinancing, an asset sale or a transformational M&A deal just around the corner. Maybe the guy responsible for marking down the loan has set his “out of office” email response to inform people he is taking 2 month vacation on his yacht in Malta.
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Hope, conveniently, has a fair value. It’s always 100 cents on the dollar or damn close to it. But then…painstakingly and eventually…reality catches up and 100 cents quickly becomes 20 cents. Or zero cents.
The latest example is Loparex, a borrower held by Blue Owl Capital Corp., or OBDC. According to Bloomberg, at the end of 2025, its first lien debt was still carried around par and its second lien debt at roughly 88 cents on the dollar. By June, OBDC was carrying portions of the second lien at about five cents and one first lien position at roughly 22 cents. Loparex was also put on nonaccrual. Moody’s has since deemed the company in default and said a Chapter 11 filing is a possibility.
Perhaps recoveries ultimately exceed those marks. That happens in restructurings. But the interesting number is not five cents. It is 88 cents.
The loan did not suddenly become troubled on the day somebody changed the valuation. Loparex had been struggling with its debt load for years, including a 2024 distressed exchange that S&P considered tantamount to default. Yet the second lien still ended 2025 marked at roughly 88.
This gets to the central problem with private credit valuations that I have been harping on non-stop for years. These loans generally do not trade in liquid markets, so managers rely on models, comparable companies, third party valuation firms and their own judgment. That is unavoidable. But it also means that valuation becomes most subjective precisely when the underlying credit becomes most uncertain. If an executive were so inclined, he could figure out a way to model a bankrupt hot dog cart at a $1 trillion valuation. Like the Fed, printing cash, it’s all just made up bullsh*t out of thin air manipulated in seconds on a spreadsheet.
And that’s all good and well. But bankruptcy has a nasty habit of pissing in the proforma punchbowl. Once a company actually files bankruptcy, the comfortable range of hypothetical outcomes (hereinafter referred to as “bulls*it”) gets much narrower. Creditors, restructuring advisers and courts start converting theoretical enterprise values into actual recoveries. At that point, extending and pretending gets considerably harder.
Bankruptcy does not necessarily create the loss. It can simply make the loss impossible to avoid recognizing.
Here are some recent examples that make the point and what to watch out for.
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Also, again I just straight up get sh*t wrong a lot. I mention it multiple times because it’s that important you understand.
Tyler Durden Sun, 09/06/2026 - 14:00