Bankruptcy & Restructuring News Headlines for Monday Oct 2, 2023

Here's what we are reading this morning:

Toys R Us to open new U.S. stores, and airport and cruise ship shops: Toy retailer Toys R Us plans to open as many as 24 brick-and-mortar flagship stores across the U.S., its parent company WHP Global announced Friday.

Three Arrows Capital Crypto Hedge Fund Co-Founder Su Zhu Arrested in Singapore - Bloomberg: Three Arrows Capital co-founder Su Zhu was apprehended in Singapore while trying to leave the country on Friday. Teneo, which is liquidating the defunct firm’s estate, said it received a committal order against Zhu after he failed to comply with an earlier Singapore court order compelling him to cooperate with the liquidation investigation.

Bed Bath & Beyond Shares Have Finally Been Extinguished - WSJ: For the true believers who made Bed Bath & Beyond a meme stock, a reckoning is now at hand.

Instant Brands Picks Centre Lane as Buyer for Its Assets in Bankruptcy - WSJ: Instant Brands, the maker of kitchen appliances known for its Instant Pot cooker, selected private-equity firm Centre Lane Partners as the winner in its bankruptcy auction. 

Lordstown Motors, the Troubled EV Startup, to Sell Assets to Ex-CEO - WSJ: Steve Burns left the troubled electric-vehicle startup in 2021, after an investigation by the board found inaccuracies around disclosures of preorders for the company’s Endurance pickup truck.

SmileDirectClub Files for Bankruptcy, Capping Years of Losses: Dental aligner company SmileDirectClub Inc. filed for bankruptcy four years after raising $1.35 billion in an initial public offering

Justices to Consider Unconstitutional Bankruptcy Fee Refunds: The US Supreme Court will consider a Justice Department request to provide a nationwide remedy for fees charged to Chapter 11 debtors that the justices last year found unconstitutional.

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