AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys.
Industry News
July 5, 2022 (The New York Times)
A day after its pilots went on strike, SAS, the Scandinavian airline, said on Tuesday that it had filed for Chapter 11 bankruptcy protection in the United States, the latest reverberation in a summer of turmoil for European airlines.
Crypto hedge fund Three Arrows Capital has filed for bankruptcy. Here's the latest on the companies hit by the liquidity crunch.
July 4, 2022 (Yahoo! Finance)
Lender Vauld froze withdrawals Monday, another victim of a liquidity crisis spurred by the crypto crash this year.
Plano mortgage lender files for bankruptcy after cutting 75% of its staff
June 30, 2022 (The Dallas Morning News)
The Plano-based mortgage lender that laid off 428 employees last week has filed for bankruptcy protection, citing pressures in the mortgage lending industry due to higher interest rates and housing affordability.
June 30, 2022 (Bloomberg)
Enjoy Technology Inc., a retail startup founded by former Apple Inc. executive Ron Johnson, filed for bankruptcy on Thursday -- less than a year after going public through a merger with a blank-check company.
June 29, 2022 (CNBC)
CNBC’s Kate Rooney joins Shep Smith to report on the crypto company Celsius, which is headed towards bankruptcy and leaving customers unable to access their money.
June 29, 2022 (Pittsburgh Post-Gazette)
Former Toys “R" Us executives are set to stand trial over allegations they misled suppliers about the retailer’s dire financial condition while the company tried to stay afloat in bankruptcy and then stiffed them on more than $600 million of bills.
June 29, 2022 (Yahoo! Finance)
Loop Capital Managing Director Anthony Chukumba joins Yahoo Finance Live to discuss company earnings for Bed Bath & Beyond, a possible bankruptcy, and the outlook for retail.
June 28, 2022 (Yahoo! Finance)
Aeromexico said on Tuesday that a majority of its shareholders approved a proposal to exit the main Mexican stock exchange as part of the airline's bankruptcy restructuring.
June 27, 2022 (Crain's New York Business)
To discourage key employees from bolting while their company is in bankruptcy, Revlon wants to pay out $16.4 million in cash bonuses, one of the most generous programs of its kind.
June 27, 2022 (Reuters)
The Qatar Financial Center (QFC) said on Monday that it has pledged $100 million to fund a new platform aimed at recovering distressed assets.
