Bankruptcy & Restructuring News Headlines for Friday Jul 21, 2023

Here's what we are reading this morning:

Investor Group Nears $125 Million Deal for CoinDesk - WSJ: The syndicate is led by Matthew Roszak of Tally Capital and Peter Vessenes of Capital6.

AMC Drops Plan to Charge More for Better Seats - WSJ: AMC Entertainment is ending a plan that adjusted ticket prices based on where viewers sat after a lackluster response from moviegoers.

Anchor Brewery Workers Want to Save Their Company by Buying It - The New York Times: About 39 unionized workers, who represent two-thirds of the brewery’s employees, agreed to pursue a bid to run it as a co-op, a union official said.

FTX Sues Bankman-Fried, Associates Over $1 Billion in Bad Deals - Bloomberg: The suit targets Bankman-Fried, FTX co-founder Gary Wang, who was also the chief technology officer; Nishad Singh, the former director of engineering; and Caroline Ellison, who was the co-chief executive of Alameda Research LLC, a key FTX unit. They are accused of various fraudulent transfers that benefited them personally, but did nothing for FTX.

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