Bankruptcy & Restructuring News Headlines for Monday Aug 19, 2024

Here's what we are reading this morning:

J&J Eyes Texas as Venue for Next Round of Baby Powder Fight - Bloomberg: Johnson & Johnson was twice blocked in New Jersey from getting bankruptcy protection from one of its units to resolve billions of dollars in cancer claims tied to baby powder use. For its third try, the company is eyeing Texas, home to what are widely considered more business-friendly courts

SEC has issued a subpoena to bankrupt carmaker Fisker - Los Angeles Times: Fisker Inc. has received a subpoena from the Securities and Exchange Commission, indicating the bankrupt Southern California electric vehicle maker could be under investigation by Wall Street’s top cop, according to a court filing

Is Boston Market on borrowed time? - TheStreet: In April, Boston Market had 27 locations left. That number has likely fallen, but the location finder on the chain's website no longer works. The chain faces hundreds of lawsuits, had its headquarters in Colorado seized due to unpaid taxes, and owes money to countless creditors

More than 700 rural hospitals at risk of closing: report | Healthcare Dive: One challenge hospitals face is reimbursement from private payers, which doesn’t cover the higher costs of care in rural areas, according to the report

BurgerFi says it may file bankruptcy: The parent of BurgerFi and Anthony's Coal Fired Pizza said there's substantial doubt about the company's ability to continue to operate





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