Bankruptcy & Restructuring News Headlines for Friday Oct 27, 2023

Here's what we are reading this morning:

Sam Bankman-Fried’s Testimony Is Delayed at Fraud Trial - The New York Times: The founder of the collapsed FTX crypto exchange will testify on Friday, after the judge decided to hold an evidentiary hearing on Thursday.

WeWork Backers King Street, SoftBank at Odds Over Restructuring: WeWork Inc. and its creditors are locked in discussions over who will take the keys to the struggling co-working firm as the end of a debt grace period approaches, according to people with knowledge of the matter.

Locke Lord Continues to Build Firm’s East Coast Bankruptcy, Restructuring and Insolvency Practice: David L. Lawton has joined Locke Lord’s Hartford and New York offices as a Partner in the Firm’s Bankruptcy, Restructuring and Insolvency Practice Group.

Citi Sees Venezuela Bondholder Losses of 40% in Restructuring: Holders of Venezuela sovereign and state-owned oil company bonds face losses on the face value of the notes of about 40% in an eventual debt restructuring, according to an analysis by Citigroup strategists.

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