Bankruptcy & Restructuring News Headlines for Monday Jun 13, 2022

Here's what we are reading this morning:

Court of Appeals Affirms Order Against Terraform and Kwon in SEC Subpoena Enforcement Action: The subpoenas for documents from Terraform and Kwon, as well as testimony from Kwon, were served as part of an SEC investigation into whether Kwon and Terraform violated federal securities laws in their participation in the creation, promotion, and offer to sell various digital assets related to the "Mirror Protocol," a blockchain technology.

EV-Truck Startup Electric Last Mile Says Plans to Liquidate - Bloomberg: Electric Last Mile Solutions Inc. said it plans to liquidate through a Chapter 7 bankruptcy process, a decision that comes almost one year after the electric-vehicle startup went public and just four months after both its chief executive officer and chairman resigned.

Electric Last Mile Solutions, Inc. Announces Chapter 7 Bankruptcy Filing: Electric Last Mile Solutions, Inc. (NASDAQ: ELMS), a pure-play commercial electric vehicle company that has been focused on redefining productivity for the last mile, today announced the Company plans to file for Chapter 7 bankruptcy.

A Memo to the Celsius Community: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this action today to put Celsius in a better position to honor, over time, its withdrawal obligations.

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