Bankruptcy & Restructuring News Headlines for Monday Sep 5, 2022

Here's what we are reading this morning:

McDermott Had No Duty to Disclose Mulling Bankruptcy, Judge Says: McDermott International Inc. had no obligation to disclose that the engineering company was contemplating bankruptcy, a Texas federal judge said while recommending that a set of investors’ claims be dismissed.

August jobs report: U.S. payrolls grew by 315,000 last month: The U.S. labor market grew as expected in August as more people entering the workforce pushed the unemployment rate higher last month.

U.S. Job Growth Slows: August Jobs Report - The New York Times: An expected moderation in the labor market may have begun, as the Federal Reserve tries to engineer a slowdown and tame inflation.

Bed Bath & Beyond CFO Gustavo Arnal fell to his death in Manhattan: “The entire Bed Bath & Beyond Inc. organization is profoundly saddened by this shocking loss,” the company said in a statement.

Foodtech Startup Investment Slows. Startups Feel Pinch and Make Layoffs.: Foodtech startups like Reef, Lunchbox, and Nextbite raised millions to change how we dined. Now they're being hit with layoffs and loss of funding.

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