Bankruptcy & Restructuring News Headlines for Monday Jul 10, 2023

Here's what we are reading this morning:

Winklevoss’s Gemini Sues Barry Silbert and DCG Crypto Conglomerate For Fraud - Bloomberg: Lawsuit is intended to recover Gemini funds from Silbert’s DCG; the filing was made in the New York County Supreme Court

June Jobs Report: U.S. Job Growth Cooled in June - The New York Times: Hiring slowed last month, a sign that the Federal Reserve’s inflation-fighting campaign is taking hold. But with rising wages and low unemployment, the labor market remains resilient.

Binance Unravels as Executives Flee and Layoffs Proliferate - WSJ: The firm’s general counsel, chief strategy officer, chief business officer and a senior vice president for compliance departed in recent days amid the turmoil rattling the largest crypto exchange.

From ShopHQ to QVC TV Shopping Customers Are Cutting Back - Bloomberg: From ShopHQ to QVC, home shopping networks are struggling to adapt to the cord-cutting era

BuyBuy Baby Stores to Shut Down After Bankruptcy Auction Falters - Bloomberg: BuyBuy Baby’s stores will shut down after the baby brand — once cast as Bed Bath & Beyond Inc.’s prized asset — garnered no adequate going-concern bids in a bankruptcy auction, according to court papers.

Celsius Settles With Preferred Shareholders for $25 Million Over Mining Assets Claims: Celsius Network reached a $25 million deal with two large preferred shareholders, ending their litigation over claims on the company’s crypto mining business.

Christmas Tree Shops Is Winding Down After Lenders Pull Funding: Discount retailer Christmas Tree Shops Inc. has begun shutting down its business after dwindling sales prompted lenders to withdraw funding for its Chapter 11 case.

Older Post Newer Post