Bankruptcy & Restructuring News Headlines for Friday Mar 11, 2022

Here's what we are reading this morning:

Pending Changes in the Bankruptcy Forms | United States Courts: Revised Dollar Amounts in Official Forms 106C, 107, 122A-2, 122C-2, 201, 207, 410, Director's Forms 2000 and 2830, and certain instructions, effective April 1, 2022.

Drug victims face Purdue Pharma owners | AP News: In a hearing that will be virtual, roughly 20 people whose lives and families have been wracked by opioid abuse will give statements in court with some members of the Sackler family listening.

US inflation soared 7.9% in past year, a fresh 40-year high | AP News: Propelled by surging costs for gas, food and housing, consumer inflation jumped 7.9% over the past year, the sharpest spike since 1982 and likely only a harbinger of even higher prices to come.

Russia Devises Plan to Seize Firms Abandoned in Foreigner Exodus - Bloomberg: Russia’s government moved closer to seizing and even nationalizing foreign-owned companies that are leaving the market over the invasion of Ukraine while planning measures to coax others into staying.

Sackler Family to Hear From Victims of Purdue Pharma's OxyContin - Bloomberg: Victims of the U.S. opioid crisis on Thursday got a rare chance to speak directly to members of the Sackler family, owners of Purdue Pharma LP, about how the addictive painkiller OxyContin upended their lives.

Are Pay Raises Keeping Up With the Inflation Rate? American Workers Say No - Bloomberg: Real hourly wages in the U.S. are trending down to some of the lowest levels in recent history, with just 18% of Americans surveyed saying that their wages are keeping up with their rising cost of living.

Grocery Startup Fridge No More Shutters in Failed DoorDash Deal - Bloomberg: New York-based Fridge No More had been in discussions with DoorDash on a deal to offload its warehouses after the startup failed to secure funding from investors, according to people familiar with the matter. The food-delivery giant had been touring Fridge No More’s dark stores in February, but that process ended this month, the people said, asking for anonymity because the matter isn’t public.

Lightstone Generation Lenders Tap Milbank Ahead of 2023 Maturity: Certain lenders to power plant owner Lightstone Generation have selected Milbank to provide advice as they gear up for potential debt talks, according to people with knowledge of the matter.

Rivian stock sinks after EV maker says it expects to deliver a modest 25,000 vehicles this year: Rivian said it expects to produce 25,000 electric trucks and SUVs this year, as the start-up battles through supply chain constraints and internal production snags. That would be just half of the vehicle production it forecast to investors last year as part of its IPO roadshow.

Aeroflot’s Decadeslong Turnaround Faces Undoing - WSJ: The Russian flag carrier was an award-winning airline flying new jets around the world, but all that is threatening to come undone as the European Union closes off airspace to Russian international carriers and the company’s chief executive is added to the list of sanctioned individuals.

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