Bankruptcy & Restructuring News Headlines for Monday Jan 6, 2025

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





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