Bankruptcy & Restructuring News Headlines for Monday May 29, 2023

Here's what we are reading this morning:

Inflation Inched Higher in April, Reflecting Challenge for the Fed - The New York Times: The Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures index, climbed 4.4 percent in April, a slight increase from March.

Cannabis Giant Chalice Asks Judge to Place Oregon Subsidiaries in Receivership as It Faces Financial Crisis: Chalice, a Canadian holding company whose assets are all in Oregon and which operates 15 dispensaries in the state, asked the Multnomah County Circuit Court today to place five of its subsidiary companies under the control of a receiver.

Rialto Bioenergy enters Chapter 11 - Recycling Today: As a result of a lack of feedstock available to the facility, RBF has been unable to produce sufficient revenue to cover its costs and debt service. Anaergia says the feedstock shortfall is due to a delay in the implementation and enforcement of laws requiring organic waste diversion from landfills by the city of Los Angeles as required under its contracts with private waste management companies, as well under California’s SB 1383.

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