Bankruptcy & Restructuring News Headlines for Monday Jul 3, 2023

Here's what we are reading this morning:

Alex and Ani closes 20 stores | Retail Dive: Seven of the jewelry company’s stores will remain open as it continues to explore options that support its updated business model.

Opinion: Prime Trust Is Having a Bad Month: The crypto custodian has been ordered to halt operations while its regulator looks to take it over.

Federal criminal investigators target Bitwise Industries | The Fresno Bee: Bitwise Industries, the Fresno-based technological training, technology services and real estate development company, is under federal scrutiny for potential criminal violations in the wake of the company’s financial implosion at the end of May, according to sources who are aware of the probe.

An inflation gauge tracked by the Federal Reserve falls to its lowest point in 2 years | AP News: An inflation index that is closely monitored by the Federal Reserve tumbled last month to its lowest level since April 2021, pulled down by lower gas prices and slower-rising food costs.

FTX’s Final Days Were Pure, Unadulterated Chaos - Bloomberg: The collapse of SBF’s crypto exchange came fast. In Episode 5 of the Spellcaster podcast, old allies quickly become enemies.

Tattooed Chef Intends to file for Voluntary Chapter 11: Tattooed Chef, Inc. (Nasdaq: TTCF) announced today that it intends to file for protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California and intends to pursue a sale of substantially all of its assets under Section 363 of the Bankruptcy Code

MediaMath seeks bankruptcy protection - Digiday: One of the oldest ad tech companies makes move after talks with potential buyers breakdown.

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