Restructuring Roundup - September 2022

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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

September 7, 2022 (KTRE-TV)
Cineworld Group has started Chapter 11 bankruptcy proceedings in the U.S., the company announced in a statement Wednesday morning.
 
September 7, 2022 (Yahoo! News)
DotDotSmile, a children's clothing subsidiary of mega multi-level marketing company LulaRoe, filed for Chapter 11 bankruptcy this week.
 
September 6, 2022 (WFLX-TV)
Inflation has been affecting people all over Florida and that includes small business that are paying more for their inventory while trying to refrain from passing that on to the consumer.
 
September 3, 2022 (Yahoo! Finance)
Bed Bath & Beyond (BBBY) unveiled its turnaround strategy this week, but it likely won't be enough to save the company, according to a restructuring expert.
 
August 30, 2022 (Forbes)
Economists tend to view tort law differently than lawyers—or state attorney generals—and this difference explains both the advent of bankruptcy trusts in adjudicating class action liability claims and the complaints by the latter group concerning this development.
 
August 29, 2022 (Yahoo! Finance)
An attempt by 3M Company to declare bankruptcy in an effort to lessen the financial toll of pending lawsuits by veterans alleging hearing loss has been denied.
 
August 29, 2022 (Yahoo! Finance)
Apollo Global Management LLC is set to lose control of a lighting components firm it owns after the company reached a deal to reduce its debt and filed for bankruptcy, as it grapples with supply chain constraints exacerbated by the war in Ukraine.
 
August 27, 2022 (New York Daily News)
Alex Jones has been accused of funneling millions of dollars to himself and his relatives while claiming bankruptcy in a bid to avoid compensating families of the Sandy Hook Elementary School shooting victims.
 
August 26, 2022 (NPR)
Any movie, any theater, anytime you want for 10 bucks a month - that was a sales pitch of subscription service MoviePass back in 2017, and millions signed up.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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