All of Canoo’s employees are reportedly on a ‘mandatory unpaid break’ - The Verge: The report follows Canoo’s announcement that it was idling its Oklahoma factories and furloughing employees while it worked “to finalize securing the capital necessary to move forward with its operations.”
Bench to be acquired after abruptly shutting down | TechCrunch: Bench, the VC-backed accounting startup that left thousands of customers locked out of their accounts after it suddenly shut down last week, will be acquired by Employer.com for an undisclosed price in a last-minute deal
Serta Simmons Debt Restructuring Struck Down by Appeals Court - WSJ: Landmark decision could limit distressed investors’ ability to strike debt deals that favor certain creditor groups
Serta's Controversial Debt Deal Reversed By Appeals Court : Apollo Global Management Inc. and other financial heavyweights that were excluded from an “uptier” debt transaction between Serta Simmons Bedding LLC and competing lenders won an appeals court battle to overturn the deal.
Fintech Startup Level Abruptly Shuts Down — The Information: Benefits startup Level shutters, as another abrupt fintech closure leaves customers scrambling
