Third Circuit Orders Independent Examiner in FTX Bankruptcy: An outside investigation into FTX Group is mandatory under the US bankruptcy code, a federal appeals court ruled Friday, reversing a Delaware judge’s original order denying an independent examiner.
Sports Illustrated’s Publisher Lays Off Entire Staff. Future Unclear: Authentic purchased Sports Illustrated for $110 million from Meredith five years ago.
Kramer Levin Names Leaders of Distressed Investing Practice | Kramer Levin: Kramer Levin is pleased to announce that New York-based partners Daniel M. Eggermann and Rachael Ringer have been named co-heads of the firm’s Distressed Investing practice
Wayfair lays off 1,650 employees in latest restructuring | Retail Dive: The job cuts, the third round in about 18 months, affect 13% of its global workforce and 19% of its corporate team.
Crypto’s Terraform Files for Bankruptcy as Do Kwon Awaits Fate - Bloomberg: The Terraform Labs Pte. digital-asset business co-founded by Do Kwon filed for Chapter 11 bankruptcy protection in the US.
Terraform Labs files for bankruptcy following crash of its stablecoins in 2022 - MarketWatch: Terraform Labs filed for chapter 11 bankruptcy protection Sunday, following the collapse of its TerraUSD and Luna crypto coins in 2022.
