Here's what we are reading this morning:
5 Issues to Consider When Liquidating Through an ABC | Troutman Pepper: From the perspective of the company and its officers and directors, there are numerous reasons that an ABC is an attractive option for winding down a company
The Dark Art of Leverage | Sonali Basak, Bloomberg News: There’s a huge debate among investors on whether more leverage in this higher-rate environment is worth the risk for the extra returns.
Greenberg Traurig Grows Texas Restructuring & Bankruptcy Practice with Addition of James Grogan: He joins from Paul Hastings, where Grogan practiced for almost 14 years and served as a partner
Bankrupt EV Startup Fisker in Talks to Sell Fleet to Leasing Business - WSJ: Fisker, now liquidating in bankruptcy, is nearing a deal to sell its fleet to a company that leases cars to Uber and Lyft drivers
A 140-year-old New York college's rating is slashed to junk | Bond Buyer: S&P Global Ratings dropped Houghton University to BB-plus from BBB-minus, citing a track record of deficits plus a large operating shortfall.
What latest in RSN saga means for people who can't watch MLB - ESPN: Seven and a half weeks ago, Comcast pulled all of the Diamond Sports Group channels off its airwaves after the two sides failed to agree on a new contract, a circumstance so fraught it triggered an open letter from Minnesota-based Sen. Tina Smith urging Comcast to "return to negotiations and fix this."
High-Grade Company Bonds Increasingly Trade Near Junk Levels - Bloomberg: Some money managers that buy junk bonds have been pouring money into investment-grade notes instead, because the yields can be almost as high now.