Bankruptcy & Restructuring News Headlines for Friday Nov 3, 2023

Here's what we are reading this morning:

Bankruptcies are plaguing home goods brands: After witnessing robust demand, the home goods category’s winning streak has now come to a screeching halt with bankruptcies in tow. 

Why the Charges SBF Doesn't Face Matter For Crypto: Most of the charges facing SBF won’t ever be relevant to most crypto companies. But charges the government cannot pursue today could be, say Andrew C. Adams and Kane Smith, at Steptoe & Johnson LLP.

Sam Bankman-Fried Found Guilty of Fraud in FTX Collapse - WSJ: A New York federal jury found him guilty of stealing billions of dollars from the crypto exchange’s customers.

Sam Bankman-Fried Was Found Guilty of Fraud in FTX Criminal Trial - Bloomberg: Bankman-Fried was found guilty of seven counts of fraud and conspiracy after jurors in Manhattan deliberated for less than five hours Thursday. Judge Lewis Kaplan set a sentencing date in March.

Southern District of New York | Statement Of U.S. Attorney Damian Williams On The Conviction Of Samuel Bankman-Fried | United States Department of Justice: “Sam Bankman-Fried perpetrated one of the biggest financial frauds in American history – a multibillion-dollar scheme designed to make him the King of Crypto – but while the cryptocurrency industry might be new and the players like Sam Bankman-Fried might be new, this kind of corruption is as old as time."

Experienced Bankruptcy & Restructuring Partner Joins Chicago Office | Blank Rome LLP: Stephanie K. Hor-Chen has joined the firm’s Chicago office in the Finance, Restructuring, and Bankruptcy group as a partner. Stephanie focuses her practice on insolvency and restructuring and has extensive transactional and bankruptcy court experience. She joins the firm from Katten Muchin Rosenman LLP.

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