Overview of restructurings – July 2022 | Arnall Golden Gregory LLP


AGG’s Restructuring Roundup newsletter is a monthly update on legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a selection of published articles and news, and contains original content developed by AGG bankruptcy, creditors’ rights and financial restructuring lawyers.

Industry News

July 5, 2022 (The New York Times)

The day after its pilots went on strike, SAS, the Scandinavian airline, said on Tuesday it had filed for Chapter 11 bankruptcy in the United States, the latest reverberation of a turbulent summer for airlines. Europeans.

Crypto hedge fund Three Arrows Capital has filed for bankruptcy. Here is the latest information on companies affected by the liquidity crisis.

July 4, 2022 (Yahoo! Finance)

Lender Vauld froze withdrawals on Monday, another victim of a liquidity crunch caused by the crypto crash this year.

Mortgage lender Plano files for bankruptcy after cutting 75% of staff

June 30, 2022 (The Dallas Morning News)

The Plano-based mortgage lender that laid off 428 employees last week has filed for bankruptcy, citing pressures in the mortgage industry due to rising 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 in reporting on crypto firm Celsius, which is heading for bankruptcy and blocking customers from accessing 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 situation as the company tried to stay afloat in the event of a bankruptcy, then froze them on more than $600 million in bills.

June 29, 2022 (Yahoo! Finance)

Loop Capital Managing Director Anthony Chukumba joins Yahoo Finance Live to discuss Bed Bath & Beyond’s earnings, potential bankruptcy and retail outlook.

June 28, 2022 (Yahoo! Finance)

Aeromexico said on Tuesday that a majority of its shareholders had approved a proposed exit from Mexico’s main stock exchange as part of the airline’s bankruptcy restructuring.

June 27, 2022 (Crain’s New York Business)

To discourage key employees from running away while their company is bankrupt, 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 it had pledged $100 million to fund a new platform aimed at recovering troubled assets.


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