Former Bed Bath Sues Hudson Bay for $300 Million Trading Gains: 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
Simon Property Group would put up no capital to buy Express | Retail Dive: A proposed deal to sell apparel company Express Inc. to a consortium that includes brand management firm WHP Global and mall REITs Simon Property Group and Brookfield Properties would not require Simon Property Group to put up any capital, CEO David Simon told analysts Monday
FTX Bankruptcy Plan: What's with the "Consensus" Interest Rate? - Credit Slips: But there is something here that could be controversial: the payment of post-petition interest on customer claims at a 9% "Consensus Rate." (The 118% is with two years of 9% interest.)
One big thing: Financial bankruptcies are ... different | Axios Markets: Financial companies tend to have large balance sheets, filled with assets that can often be hard to value or sell. Their liabilities, however, are generally unambiguous: Depositors and other creditors know exactly what they are owed
Musicians, Fans Mourn Bankrupt Sam Ash Music - WSJ: The century-old musical instruments retailer plans to sell assets including inventory and intellectual property to lender Tiger Finance
Fitch Downgrades Hertz to 'B-'; Maintains Negative Outlook: The downgrade and maintenance of the Negative Outlook reflects Hertz's continued weak operating performance due to elevated vehicle depreciation expenses and significant charges on its electric vehicle (EV) fleet, resulting in negative profitability and a material deterioration in leverage and interest coverage ratios, which are now well in excess of Fitch's prior downgrade triggers of 4x and 3x
