Bankruptcy & Restructuring News Headlines for Monday Mar 14, 2022

Here's what we are reading this morning:

Pot Co. Moxie Sues Billionaire Family For Merger Meltdown - Law360: California-based, multi-state cannabis company Moxie has sued the Ohio billionaire investors and backers of insolvent pot company Green Growth Brands Inc. in Delaware's Chancery Court, alleging fraud, breach of fiduciary duty and related counts arising from GGB's collapsed, $310 million deal for MXY in 2019.

Bradley Partner Named To Alabama Bankruptcy Court - Law360: Bradley Arant Boult Cummings LLP announced Thursday that Christopher L. Hawkins, a partner at its office in Birmingham, Alabama, has been appointed by the Eleventh Circuit Court to the Bankruptcy Court for the Middle District of Alabama.

NS8’s Defrauded Investors to Get $38 Million Under Approved Plan: Former cyber fraud prevention company NS8 Inc. will liquidate in bankruptcy after getting court approval of its plan to pay a total of at least $38 million to defrauded investors.

A Two-Year, 50-Million-Person Experiment in Changing How We Work - The New York Times: The office was never one size fits all. It was one size fits some, with the expectation that everybody else would squeeze in.

Will We Have New Rules for Corporate Bankruptcies? Recently Proposed Legislation That Could Reform Chapter 11 Practice - Weil Restructuring: This article discusses the proposed Nondebtor Release Prohibition Act and the Bankruptcy Venue Reform Act that, if enacted, could greatly impact several of the most controversial topics in current corporate restructuring practice today.

Boy Scouts’ Bankruptcy Plan Gets Support of 86% of Abuse Victims: The Boy Scouts of America’s $2.7 billion bankruptcy settlement plan has gained the support of 86% of voting sex abuse claimants just days before a trial to consider plan approval is set to begin.

The great NFT sell-off: has the digital collectibles craze hit its peak? | Financial Times: Value of digital tokens drops by almost 50 per cent, renewing doubts over hype-fuelled market

Aircraft Lessors Grasp for Ways to Salvage Value From Jets Held in Russia - Bloomberg: Aircraft leasing firms are exploring ways to protect the value of hundreds of jetliners now held in Russia without running afoul of international sanctions, according to people familiar with the matter.

Dov Charney Files for Bankruptcy as Standard General Payment Looms: The American Apparel founder is still locking horns with the hedge fund he once saw as his C-suite savior.

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