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
Carolina Hurricanes watching Bally Sports South bankruptcy closely after ACC drop
June 16, 2023 (The Charlotte Observer)
The hunt for ACC football and men’s basketball games on “RSN” will soon be over, much to the relief of cord-cutters and fans across the ACC who couldn’t find them on their local regional sports network alike. With the bankrupt parent company of Bally Sports walking away from the package of ACC games it bought from Raycom, those games will inevitably end up back in the hands of ESPN and the ACC Network.
Milwaukee bankruptcy protection plan: FPC stripped of power
June 15, 2023 (Yahoo! News)
The Wisconsin Department of Natural Resources says you might want to spend less time outside as smoke from Canada’s historically bad wildfire season worsens our air quality.
Shoemaker Rockport Files For Bankruptcy, Its Second Time in Five Years
June 15, 2023 (Bloomberg)
Rockport Co., whose former head of marketing ran a marathon in the company’s cushiony dress shoes, filed for bankruptcy for the second time in five years.
Crypto Lender Celsius Updates Bankruptcy Plan After Fahrenheit Deal
June 15, 2023 (Yahoo! Finance)
Defunct crypto lender Celsius has filed an updated bankruptcy plan to reflect a successful bid for assets by the Fahrenheit consortium.
Instant Pot parent files for bankruptcy protection
June 14, 2023 (WITI-TV)
Pyrex glassware maker Instant Brands glassware is filing for Chapter 11 bankruptcy protection after persistent inflationary pressures curtailed consumer spending.
3M seeks to revive bankruptcy to resolve military earplug mass tort
June 13, 2023 (Yahoo! Finance)
A 3M subsidiary appealed the dismissal of its bankruptcy case late Monday, challenging a judge's ruling that it was not in immediate jeopardy from 260,000 lawsuits alleging that 3M military earplugs caused hearing loss for veterans and U.S. service members.
From Bankruptcy To Blackjack: How Monte Carlo Became Europe’s Glitziest Destination
June 13, 2023 (Forbes)
The facade of the imperial Monte Carlo casino is crowned by a large clock flanked by torch-bearing statues. It doesn't seem shrewd to remind gamblers how their time - and money - is slipping away. But the clocks are a significant original feature of the 1850s design.
