Bankruptcy & Restructuring News Headlines for Monday Oct 3, 2022

Here's what we are reading this morning:

Alex Jones’ Infowars Bankruptcy Turns Spotlight to Family, Friends: Far-right conspiracist Alex Jones is facing heightened scrutiny as the bankruptcy of his Infowars parent company reveals a complicated web of corporate entities tied to his family and associates.

ANALYSIS: Are Chapter 11s on the Rise—Or Just Holding Steady?: While recent months have been busy in terms of Chapter 11 petition totals, a closer look reveals that actual Chapter 11 activity has been relatively steady all year. Affiliate filings can obscure actual caseloads, as this year has demonstrated.

Altria Ends Juul Noncompete Deal, Can Sell Its Own E-Cigarettes - Bloomberg: Altria Group has ended a deal that barred it from competing with Juul Labs Inc., opening the door for the Marlboro maker to buy an e-cigarette company or develop its own vaping products.

PG&E’s $272 Million Insurance Deal Nets $117 Million for Victims: PG&E Corp. announced a deal with most of its directors and officers insurance policy carriers that will direct $117 million toward a trust for victims claiming PG&E caused massive wildfires in Northern California.

Virginia Courts Approve National Rates in Complex Corporate Bankruptcy Cases | McGuireWoods LLP: In tandem, the R&R and the District Court’s order confirm the reasonableness of national rates in the EDVA for corporate bankruptcies on a case-by-case basis.

Teen Retailer Rue21 Hires Adviser Ducera Partners After Earnings Drop: The company is in talks to raise financing, possibly restructure, people familiar with the matter say.

Do CDS Spreads Tell the Truth? - CFO: As an early warning sign of default, credit default swaps have had mixed success, says Fitch Ratings.

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