Bankruptcy & Restructuring News Headlines for Friday Sep 9, 2022

Here's what we are reading this morning:

Bed Bath & Beyond leadership gap a board ‘wake-up call’ | Retail Dive: The appointment of Laura Crossen as interim CFO has raised questions about the type of permanent finance leadership the company will need. 

Mortgage Rates Hit 5.89%, Highest Level Since 2008 - WSJ: The rate on a 30-year mortgage topped an earlier high in June. This time last year, rates were below 3%.

Shock Waves Hit the Global Economy, Posing Grave Risk to Europe - The New York Times: The threat to Europe’s industrial might and living standards is particularly acute as policymakers race to decouple the continent from Russia’s power sources.

Cineworld Group first day hearing on 8 September at 9am ET – Debtwire | Blog: Judge Isgur: This was the classiest first day declaration I’ve ever read. I appreciate what Mr Greidinger did, and how personal it was.

Boy Scouts Win Court Approval of $2.7 Billion Sex Abuse Fund: The Boy Scouts of America won court approval to exit bankruptcy by creating the biggest ever US trust fund for sex abuse victims.

Citigroup Wins Appeal in $500 Million Revlon Transfer Case - Bloomberg: Citigroup Inc. persuaded a federal appeals court to force a group of Revlon Inc. creditors to return more than half a billion dollars it accidentally sent them.

It's Your Crypto. Until The Platform Goes Bust | Bloomberg Crypto: The Voyager & Celsius filings have opened something of a pandora’s box surrounding the interpretation of US bankruptcy law as it relates to crypto. Whatever the courts decide now could set landmark precedents for billions of dollars worth of crypto. To tackle these important and complicated legal questions, Georgetown Law Professor Adam Levitin joins this episode.

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