Bankruptcy & Restructuring News Headlines for Monday Aug 29, 2022

Here's what we are reading this morning:

As Summer Travel Ends, Large U.S. Airlines Face Unit Revenue Challenge | Ben Baldanza: This fall, the largest U.S. Airlines are likely facing lower unit revenue (RASM) as leisure passengers again show price sensitivity and business travel isn't yet filling the gap.

Sandy Hook Parents Want Alex Jones Out of Infowars Bankruptcy: Sandy Hook victims’ families asked a court to remove Alex Jones and his bankrupt company that runs conspiracy website Infowars from controlling its operations and Chapter 11 proceedings, arguing that the right-wing radio host improperly seized millions of dollars in assets.

3M Is Denied Bankruptcy Shield Against Mass Earplug Claims - WSJ: A bankruptcy judge won’t extend to 3M the same protection against earplug-injury claims that its Aearo subsidiary gained by filing chapter 11.

Now Out of Bankruptcy, Alex + Ani Gets $17M Loan | National Jeweler: Second Avenue Capital Partners announced the closing of a $17.5 million senior secured credit facility for the jewelry company.

3M Statement Regarding Bankruptcy Court Decision: The United States Bankruptcy Court in the Southern District of Indiana declined Aearo Technologies' request for a preliminary injunction to ongoing litigation against 3M related to Combat Arms Earplug Version 2 products.

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