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October 26, 2022

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.
AGG Bankruptcy News & Insights
October 19, 2022 (
AGG Bankruptcy partner Darryl Laddin was quoted in an October 19, 2022, Natural Products Insider article titled, “Redcon1 Dodges Chapter 7 Bankruptcy Fight.”
October 10, 2022 (
Sean Kulka authored an article for the October 2022 issue of Bankruptcy Strategist detailing Subchapter V of Chapter 11 of the Bankruptcy Code, including details of the substantive and procedural changes intended to streamline the process for small business debtors.
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.
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
October 25, 2022 (
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring team provides valuable knowledge and experience in the areas of commercial debt restructuring, settlements, bankruptcy trusteeships, fiduciary work, and bankruptcy and creditors’ rights litigation.