Bankruptcy & Restructuring News Headlines for Friday Oct 14, 2022

Here's what we are reading this morning:

Rue21 has a deal to bolster finances ahead of holidays | Retail Dive: The teen retailer said it had an agreement with lenders that would secure working capital and “preserve continuity” with suppliers and vendors.

China Evergrande’s Debt-Crisis Fallout: Losses, Layoffs and More Defaults - WSJ: The property titan’s financial troubles set off a chain reaction across China, causing businesses and individuals alike to suffer.

3M Earns Appellate Review of Earplug Unit’s Bankruptcy Shield - WSJ: A federal appellate court agreed to review a 3M earplug subsidiary’s appeal seeking to extend bankruptcy stay to the parent company.

Crypto Broker NYDIG Lays Off One-Third of Staff to Narrow Focus - WSJ: NYDIG said last year that it had raised $1 billion at a valuation of more than $7 billion.

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