Bankruptcy & Restructuring News Headlines for Monday Feb 28, 2022

Here's what we are reading this morning:

Puerto Rico board rejects legislative effort to renegotiate PREPA deal | Bond Buyer: In a press conference following the board’s public meeting, Board President David Skeel said, “There are really two paths” for PREPA’s restructuring. One would be for Puerto Rico’s legislature to approve the legislation to support the current Restructuring Support Agreement. The other would be for the board to create an alternate RSA that did not require local legislation.

Foot Locker shares sink after retailer says 2022 sales will fall as it expects to sell fewer Nike products: Foot Locker said Friday it expects sales to fall by 4% to 6% this year, and same-store sales are projected to decline by 8% to 10%.

Judge Backs J&J Talc Bankruptcy, Keeping Cancer Lawsuits Frozen - WSJ: A bankruptcy judge allowed a J&J subsidiary to stay in chapter 11, signing off on an emerging legal strategy for profitable companies to resolve mass litigation.

Former Sears Landlord Seritage Is Said to Consider a Sale: Seritage Growth Properties, a real estate investment trust that emerged from the Sears bankruptcy, is exploring strategic alternatives including a sale of the company, according to people familiar with the matter.

Older Post Newer Post