Bankruptcy & Restructuring News Headlines for Friday Sep 10, 2021

Here's what we are reading this morning:

Ng family files Chapter 11 bankruptcy for another Pacific Andes company : The filing is only the latest event in the long-running bankruptcy saga.

The Days Of 'Eerie' Bankruptcy Silence Are Numbered - Law360: Instead of the surge in bankruptcy activity expected in 2021, the number of new cases dropped by a third in the midst of an "eerie" restructuring silence, with experts saying trillions of dollars in federal aid programs are holding things together in a way that isn't likely to last indefinitely.

Airlines say rise in COVID-19 cases is hurting ticket sales: Several leading U.S. airlines warned Thursday that the rise in COVID-19 cases due to the delta variant is hurting their bookings and further delaying a recovery for the travel industry.

U.K. Electricity Prices Surge on Tight Supply - Bloomberg: U.K. Electricity prices surged to 2,300 pounds ($3,180) a megawatt-hour as Ireland warned of a power shortfall that could lead to blackouts and the cost of power broke records in Spain, Germany and France.

Upcoming Webinar: An Analysis of the Supreme Court of the United States: Current Landscape and Key Cases: Program participants will glean knowledge into key issues and the various parties involved in past and future SCOTUS cases to gain a broader familiarity of landmark decisions. Attendees will also gain a greater understanding of current decisions, trends and how the current landscape may be impacted during the upcoming fall Term.

Microsoft delayed its office return indefinitely, it said in a blog post on Thursday: "We had planned for Oct. 4 to be the first possible date to fully reopen Microsoft’s own Redmond headquarters, and many other work sites in the U.S. But as we shared with our employees today, we’ve shifted those plans. Given the uncertainty of COVID-19, we’ve decided against attempting to forecast a new date for a full reopening of our U.S. work sites in favor of opening U.S. work sites as soon as we’re able to do so safely based on public health guidance. "

Biden to Ask OSHA to Mandate Vaccines at Businesses With 100 or More Workers - The New York Times: OSHA is expected to issue an emergency temporary standard to implement the requirement, which will impact more than 80 million workers.

Why Company Headquarters Are Leaving California in Unprecedented Numbers: This paper provides the most detailed and comprehensive data on relocations of California business headquarters between 2018 and 2021. It documents that these headquarter exits have more than doubled in 2021. By Joseph Vranich, President, Spectrum Location Solutions, Lee E. Ohanian, Senior Fellow, Hoover Institution and Distinguished Professor of Economics, UCLA

LATAM Airlines receives several financing offers to exit bankruptcy -filing | Reuters: LATAM Airlines said on Thursday it has received several offers to fund its exit from Chapter 11 bankruptcy, each of which are worth more than $5 billion.

Theranos Trial Paused Over Possible Juror Covid-19 Exposure - WSJ: Just days into Theranos Inc. founder Elizabeth Holmes’s criminal-fraud trial, issues have come up with three jurors in the case, raising concern from the federal judge overseeing what’s expected to be a more than three-month-long trial.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Material Impairments (Item 2.06) for the Week Ended Thursday Sep 9, 2021:

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