Here's what we are reading this morning:
Retailers lost $103B in fraudulent returns and claims in 2024 | Retail Dive: Fraudulent returns accounted for about 15% of the projected $685 billion in returns last year, per a recent report from Appriss Retail and Deloitte
Ligado Networks Announces Comprehensive Restructuring Transaction - Ligado Networks: The Supporting Creditors hold approximately 88% of Ligado’s funded indebtedness, and the Restructuring provides for the conversion of approximately $7.8 billion of existing debt into new preferred equity and the preservation of the existing interests in the capital structure below the new preferred equity