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
Vertex Energy Files For Chapter 11 Bankruptcy, Secures $80M Lifeline Financing
September 25, 2024 (AOL)
Vertex Energy, Inc (NASDAQ:VTNR) shares are tumbling lower at a premarket on Wednesday.
Kmart's blue light fades to black with the shuttering of its last full-scale US store
September 25, 2024 (Britannica)
The erstwhile retail giant renowned for its Blue Light Specials — featuring a flashing blue orb affixed to a pole enticing shoppers to a flash sale — is shuttering its last full-scale store in the mainland United States.
Red Lobster's New CEO Plots Its Comeback
September 24, 2024 (The Wall Street Journal)
This month, Red Lobster emerged from bankruptcy.
J&J's talc bankruptcy remains in Texas, for now
September 24, 2024 (Reuters)
A New Jersey judge said on Tuesday that Johnson & Johnson's talc subsidiary may pursue bankruptcy in the Texas court of its choice for now, declining to immediately take over the company's third attempt at bankruptcy after previous efforts failed in his court.
Turkey Leg Hut could close due to Chapter 7 bankruptcy, court records show
September 24, 2024 (MSN.com)
Less than 48 hours after a court appointed trustee filed for Chapter 7 bankruptcy against The Turkey Leg Hut, a Texas judge denied the motion.
Wrena, LLC Files for Chapter 11 Bankruptcy to Pursue Sale
September 23, 2024 (Associated Press)
Wrena, LLC, a leading full-service automotive supplier of stamped structural, tubular components, assemblies, and fine blank components, today announced that it has voluntarily filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the Eastern District of Michigan to pursue a sale of the company’s assets.
Tupperware's bankruptcy filing marks end of an era
September 21, 2024 (CBS News)
Tupperware, the iconic brand that was once a staple of American kitchens, filed this week for bankruptcy, citing what it called "macroeconomic challenges."
