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
October 24, 2022 (Yahoo! Finance)
Rishi Sunak will be the U.K.'s next prime minister following Liz Truss’ controversial exit last week. A U.S. judge presiding over the bankruptcy case of crypto lender Celsius Network has agreed to appoint a consumer privacy ombudsman in the case.
October 22, 2022 (NPR)
The snow crab fishery in the Bering Sea will be closed this winter. That is a first under U.S. management, and it follows a catastrophic crash in the number of crabs there, nearly 90% between 2018 and 2021.
October 20, 2022 (The Dallas Morning News)
Many families say they have spent tens of thousands of dollars to go green, only to get solar panels they say don't work.
October 19, 2022 (WDAF-TV)
CannTrust Holdings Inc. (the "Company" or "CTH"), a minority investor in Phoena Holdings Inc. ("Phoena", formerly CannTrust Equity Inc.) today announced that it has made a Division I Proposal pursuant to the Bankruptcy and Insolvency Act (Canada) (the "Proposal"). Phoena's operations are not impacted by the restructuring of CTH.
October 19, 2022 (Yahoo! Finance)
Electric-vehicle startup Mullen Automotive Inc. shares climbed after the company said it gained court approval to buy an Indiana manufacturing plant and other assets from now-defunct Electric Last Mile Solutions Inc. for $92 million.
October 19, 2022 (Fox 8 News)
A Medina propane company that shuttered suddenly, leaving customers out in the cold, filed for bankruptcy last week, according to a statement issued Wednesday.
