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May 17, 2023

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
May 15, 2023 (Reuters)
KKR & Co Inc-backed (KKR.N) Envision Healthcare Corp and its wholly owned subsidiaries filed for Chapter 11 bankruptcy protection on Monday.
May 15, 2023 (CNN)
Vice Media filed for Chapter 11 bankruptcy protection Monday to facilitate a sale of the company and safeguard its future, according to court documents and a statement from the struggling media group.
May 15, 2023 (Reuters)
British chemicals producer Venator Materials Plc (VNTR.N) filed for Chapter 11 bankruptcy protection in the United States, the company said in a court filing late on Sunday.
May 14, 2023 (KNBC-TV)
The world's third-biggest car-rental firm is pushing to have a quarter of its fleet be electric by the end of next year as capital from the billions it raised after emerging post-Covid from bankruptcy is invested in Tesla, GM and Polestar EVs.
May 12, 2023 (Yahoo! News)
The owner of Mesa's financially troubled Legacy Park, formerly known as Bell Bank Park, last week filed a petition for Chapter 11 bankruptcy in the U.S. Bankruptcy Court of Arizona.
May 11, 2023 (Forbes)
A Federal Bankruptcy Judge in Texas on Wednesday issued a ruling which put a halt to the NBA’s Phoenix Suns and The WNBA’s Mercury plans to abandon Regional Sports Network (RSN) Bally Sports Arizona (a subsidiary of Diamond Arizona) as its media partner. They had planned to sell next season’s local rights to Gray TelevisionGTN +6% while starting a Suns/Mercury branded Direct-to-Consumer (DTC Service).
May 9, 2023 (New Haven Register)
As Christmas Tree Shops heads enters bankruptcy, the company is signaling no plans to close any of its four Connecticut stores, one of them located adjacent to a Danbury outlet of bankrupt David's Bridal.
May 9, 2023 (Forbes)
When Jeff Warne was named CEO of California Pizza Kitchen in October 2022, his task was pretty clear: rebuild it since it emerged out of bankruptcy on November 23, 2020 and develop a new plan of action to turn it around and boost revenue. Declining sales due to the pandemic drove it to bankruptcy.
May 9, 2023 (Yahoo! News)
A number of councils that vetoed the expansion of cost of living support such as food banks and made cuts to public services spent tens of thousands of pounds on coronation celebrations over the weekend - despite polls showing most Brits were not interested in the ceremony.
May 9, 2023 (International Business Times)
Bittrex, a U.S.-based blockchain digital asset trading platform, announced its bankruptcy this week, days after it winded down its operations in the country post the regulatory crackdown by the Securities and Exchange Commission.
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
May 16, 2023 (
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.