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November 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
 
November 14, 2023 (Yahoo! Finance)
Toys R Us is still trying to make a comeback following the chain's seeming demise five years ago – this time by opening its second brick-and-mortar location in the largest mall in the U.S.
 
November 14, 2023 (Bloomberg)
Johnson & Johnson, facing tens of thousands of lawsuits over allegations its talcum powder causes cancer, has twice attempted to use bankruptcy proceedings to reach global resolution of cases, and twice has failed.
 
November 13, 2023 (MSN.com)
The pandemic caused huge upheaval for companies across the US. As seen with the recent mass closures of Rite Aid stores, stores’ plans to restructure after the pandemic are running into trouble.
 
November 13, 2023 (The Wall Street Journal)
Collapsed cryptocurrency exchange FTX, the biggest casualty of the “crypto winter” last year, just hit the first anniversary of its bankruptcy filing.
 
November 8, 2023 (Reuters)
WeWork will make its first U.S. bankruptcy court appearance on Wednesday, seeking to advance a restructuring proposal that could cut $3 billion in debt and shrink the company’s real estate footprint.
 
November 4, 2023 (U.S. News & World Report)
Scandinavian airline SAS secured an investment agreement with a consortium for restructuring aid of 13.2 billion Swedish crowns ($1.21 billion), with a loan from Castlelake replacing its previous debtor-in-possession financing by Apollo Global Management, the carrier said on Saturday.
 
November 2, 2023 (Yahoo! Finance)
A proposed deal to restructure one of the largest piles of US distressed debt is drawing ire from creditors who have been left out of the transaction.
 
November 1, 2023 (CBS News)
It's facing 95 civil lawsuits from people who are accusing the plant of causing cancer, even death, connected to excessive emissions of a toxic chemical.
 
 
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
 
November 14, 2023 (agg.com)
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.