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
Global Airlines in Talks With Brazil's Gol as Part of Bankruptcy Exit, Reports Local Media
January 21, 2025 (U.S. News & World Report)
Major global airlines are in talks with Gol to invest in the Brazilian carrier, which is undergoing Chapter 11 bankruptcy proceedings in the U.S., local newspaper Valor Economico reported on Tuesday, citing sources.
Books Inc. files for Chapter 11 bankruptcy, plans to close Berkeley store
January 21, 2025 (CBS News)
The Bay Area's oldest independent bookseller on Tuesday announced it has filed for bankruptcy.
Canoo's Struggle Comes To An End As It Files For Bankruptcy
January 20, 2025 (MSN.com)
Canoo, the quirky electric vehicle startup with one of the most unusual names in the automotive business is in dire financial trouble.
The SEC charges DCG and Genesis executives for misleading investors
January 19, 2025 (CoinmarketCap)
The SEC has charged Digital Currency Group (DCG), its subsidiary Genesis Global Capital, and former Genesis CEO Soichiro “Michael” Moro for negligence and misleading investors about Genesis's financial status.
FTX Creditors Rep Highlight Ineligible Countries in FTX Payouts
January 18, 2025 (CoinmarketCap)
Sunil Kavuri, a representative from one of FTX Exchange’s creditors group, recently visited X to provide information about countries restricted from participating in FTX repayment.
Diamond Comic Distributors Receives Court Approval for $41 Million in Debtor-in-Possession Financing
January 18, 2025 (Associated Press)
Diamond Comic Distributors (“Diamond” or “the Company”), today announced that the United States Bankruptcy Court for the District of Maryland (“the Court”) has approved Diamond’s $41 million debtor-in-possession (“DIP”) financing agreement with JP Morgan Chase.
Joann files for bankruptcy for second time within a year, seeks to sell all assets
January 16, 2025 (AOL)
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues.
Spirit Airlines Cuts More Jobs as It Nears Exit From Bankruptcy
January 16, 2025 (MSN.com)
Spirit Airlines Inc. is eliminating 200 jobs in a cost-cutting move as it prepares to emerge from bankruptcy protection in the coming months.
