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May 15, 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
May 14, 2024 (Newsweek)
Seafood chain Red Lobster has abruptly closed at least 48 of its location across the U.S., according to reports, as the company navigates troubled financial waters.
May 13, 2024 (
The U.S. retail industry has faced hundreds of store closures and liquidations this year as once popular retailers struggle to keep their brick-and-mortar operations relevant for shoppers.
May 13, 2024 (Yahoo! Finance)
In a prepackaged plan, KidKraft and its U.S. and Canadian affiliates has filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the Northern District of Texas, the toy company announced Friday.
May 12, 2024 (
Just a week after iconic music retailer Sam Ash Music announced it was closing its doors, the chain officially filed for Chapter 11 bankruptcy.
May 12, 2024 (The New York Times)
For decades, Munch’s Make Believe Band at Chuck E. Cheese has performed for countless birthdays, end-of-season Little League parties and other celebrations. There’s been Chuck E. Cheese and Helen Henny on vocals, Mr. Munch on keys, Jasper T. Jowls on guitar, and Pasqually on drums.
May 12, 2024 (Yahoo! News)
Early last week, Steward Health Care, operator of the third largest hospital system in Massachusetts, and one of the state's largest employers, declared bankruptcy.
May 11, 2024 (
Loyal customers help a retail chain stay afloat and can sometimes even drive their business. Ollie's Bargain Outlets, for example, does not have to market its new store openings because its loyal customers, the so-called Ollie's Army, does it for them.
May 10, 2024 (Trading View)
On May 9, BlockFi, which was a popular crypto lending platform, announced the closure of its web platform. It is partnering with Coinbase, a US-based crypto exchange, to manage and distribute assets.
May 10, 2024 (Yahoo! Finance)
Air Vanuatu filed for bankruptcy protection on Friday a day after the South Pacific state-owned carrier cancelled all international flights, stranding thousands of travelers.
May 9, 2024 (Fortune)
The former Bed Bath & Beyond Inc., seeking to generate cash for its creditors, sued to recover more than $300 million in trading profits from Hudson Bay Capital Management, the hedge fund at the center of a last-ditch financing plan that failed to prevent the retailer’s collapse.
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
May 15, 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.