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
January 5, 2023 (NBC News)
Bed Bath & Beyond warned Thursday it’s running out of cash and is considering bankruptcy.
January 4, 2023 (Yahoo! News)
A federal bankruptcy judge ruled cryptocurrencies deposited into interest-bearing accounts at Celsius Network, a now-bankrupt cryptocurrency lending platform, actually belong to the firm – thanks to the fine print.
January 4, 2023 (Yahoo! Finance)
On Sept. 28, 2020, the CEO of telecommunications firm Avaya rang the opening bell on the New York Stock Exchange to mark the company’s 20th anniversary.
January 3, 2023 (CNBC)
Sam Bankman-Fried pleaded not guilty in New York federal court Tuesday to eight charges related to the collapse of his former crypto exchange FTX and hedge fund Alameda Research.
January 3, 2023 (The Hollywood Reporter)
Brunico Communications has won a bidding process after the international content market group filed for Chapter 11 bankruptcy due to the financial impact of pandemic-era event cancellations.
December 31, 2022 (Forbes)
The intersection of taxes and bankruptcy present interesting issues. A recent bankruptcy case demonstrated this by considering whether Earned Income Tax Credit refunds (and their New Mexico state equivalents) can be exempt from creditors in a bankruptcy proceeding.
December 30, 2022 (Yahoo! News)
Sears Hometown Store in the Mariner Retail and Business Center will be closing after Sears Authorized Hometown Stores LLC filed for Chapter 11 bankruptcy Dec. 12 in Delaware.
December 28, 2022 (TechCrunch)
Galaxy Digital has agreed to acquire Argo Blockchain’s bitcoin mining facility Helios for $65 million, the two firms announced Wednesday.
