Bankruptcy & Restructuring News Headlines for Monday Sep 16, 2024

Here's what we are reading this morning:

FTX Founder Sam Bankman-Fried Files Appeal to Overturn Fraud Conviction - The New York Times: Mr. Bankman-Fried, the founder of the collapsed FTX cryptocurrency exchange, was convicted last fall and is serving a 25-year sentence in prison

Yellow’s Junior Creditors Are Wary of Restructuring Proposal: Yellow Corp.'s junior creditors raised concerns over the bankrupt trucker’s proposed restructuring plan, including issues surrounding liability releases for the company’s leaders

Package Carrier LaserShip Eyes Debt Tactic That Riles Creditors - Bloomberg: Company gauging interest in loan of as much as $450 million; S&P cut outlook on junk rating, seeing growing default risk

2U Completes Financial Restructuring: 2U, a global leader in online education, today announced it has successfully completed its financial restructuring and emerged from Chapter 11 as a privately held entity

LeFever Mattson and dozens of related companies declare bankruptcy - PD Plus: The company, which has amassed at least 116 properties in and around Sonoma, and its two founders — Tim LeFever and Ken Mattson — are the subject of at least five lawsuits





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