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January 22, 2024

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
January 21, 2024 (
Challenges for brick-and-mortar retailers, such as underperforming stores and chronic retail theft, has led retail operators to close stores to ease financial distress.
January 18, 2024 (
Spirit Airlines is reportedly scrambling for ways to deal with its debt, the latest indication of the troubles the company faces if it unable to merge with JetBlue Airways. Investors are scrambling for the exits, sending Spirit shares down 28%.
January 17, 2024 (Trading View)
Core Scientific, Inc., a major bitcoin miner, is about to emerge from Chapter 11 bankruptcy.
January 17, 2024 (CBS News)
Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy.
January 17, 2024 (Bloomberg)
Investors want an interest-rate cut. The Federal Reserve isn’t so sure the economy needs one yet. And now traders are throwing a tantrum.
January 17, 2024 (Reuters)
Lawyers for prisoners suing Corizon Health over allegedly substandard medical care in U.S. prisons have asked a bankruptcy judge to toss the Chapter 11 case of a Corizon subsidiary, saying the prison healthcare provider's bankruptcy was a fraud from the start.
January 16, 2024 (U.S. News & World Report)
Brazilian airline Gol said on Tuesday it is discussing how to reach a "consensual" restructuring with financial stakeholders, following a media report that it was mulling filing for Chapter 11 bankruptcy protections in the United States.
January 16, 2024 (
U.S. beer sales had a rollercoaster year in 2023, led by a huge drop in sales of Anheuser-Busch In-Bev's (BUD) - Get Free Report Bud Light product after rock star Kid Rock in April 2023 called for a boycott of the brand following the company's partnership with transgender influencer Dylan Mulvaney on a March Madness-themed social media post.
January 16, 2024 (
While fried chicken sandwiches have become a key part of the menu for Popeye's, Burger King, and McDonald's, a sort of side trend has developed — Nashville Hot Chicken. Now, one of the leading chains in the Nashville Hot Chicken space has filed for Chapter 11 bankruptcy.
January 15, 2024 (Associated Press)
Black Press Ltd. and certain of its subsidiaries (collectively “Black Press” or the “Company”), announced today that it obtained an Initial Order on January 15, 2024 (the “Initial Order”) under the Companies’ Creditors Arrangement Act (the “CCAA” and the Company’s proceedings thereunder, the “CCAA Proceedings”) from the Supreme Court of British Columbia (the “Court”) in Vancouver.
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
January 22, 2024 (
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.