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January 23, 2025

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, 2025 (U.S. News & World Report)
Major global airlines are in talks with Gol to invest in the Brazilian carrier, which is undergoing Chapter 11 bankruptcy proceedings in the U.S., local newspaper Valor Economico reported on Tuesday, citing sources.
 
January 21, 2025 (CBS News)
The Bay Area's oldest independent bookseller on Tuesday announced it has filed for bankruptcy.
 
January 20, 2025 (MSN.com)
Canoo, the quirky electric vehicle startup with one of the most unusual names in the automotive business is in dire financial trouble.
 
January 19, 2025 (CoinmarketCap)
The SEC has charged Digital Currency Group (DCG), its subsidiary Genesis Global Capital, and former Genesis CEO Soichiro “Michael” Moro for negligence and misleading investors about Genesis's financial status.
 
January 18, 2025 (CoinmarketCap)
Sunil Kavuri, a representative from one of FTX Exchange’s creditors group, recently visited X to provide information about countries restricted from participating in FTX repayment.
 
January 18, 2025 (Associated Press)
Diamond Comic Distributors (“Diamond” or “the Company”), today announced that the United States Bankruptcy Court for the District of Maryland (“the Court”) has approved Diamond’s $41 million debtor-in-possession (“DIP”) financing agreement with JP Morgan Chase.
 
January 16, 2025 (AOL)
Joann, an 82-year-old fabric and craft retailer, announced it has filed for Chapter 11 bankruptcy for a second time within a year due to financial and inventory issues.
 
January 16, 2025 (MSN.com)
Spirit Airlines Inc. is eliminating 200 jobs in a cost-cutting move as it prepares to emerge from bankruptcy protection in the coming months.
 
 
AGG's Bankruptcy, Creditors' Rights, & Financial Restructuring Team
 
January 23, 2025 (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.