Bankruptcy & Restructuring News Headlines for Monday Sep 6, 2021

Here's what we are reading this morning:

August 2021 Jobs Report: Employers Added Only 235,000 Jobs - The New York Times: The Labor Department report indicates that the spread of the highly contagious Delta variant of the coronavirus has hampered hiring.

As Mall Owner Exits Bankruptcy, No One Knows What It’s Worth - Bloomberg: When Washington Prime Group went bust in June, the mall operator’s bankruptcy judge was almost certain the case would culminate in a spreadsheet-ridden valuation brawl.

Philippine Airlines Files for U.S. Bankruptcy With Backing of Its Owners - WSJ: Philippine Airlines filed for bankruptcy in New York, hammered by prolonged travel restrictions and a decline in tourism to the airline’s home country due to the Covid-19 pandemic.

UBiome Co-Founder Sued for $25 Million Over Lab-Testing Company’s Bankruptcy: Jessica Richman, a co-founder of uBiome who is already facing federal fraud charges over the failed lab-testing company, has also been sued for $25 million over investors’ losses.

Mallinckrodt Reaches Settlements with the Official Committee of Opioid Related Creditors, the Official Committee of Unsecured Creditors and Second Lien Noteholders: The terms of all three settlements were filed Friday with the Bankruptcy Court and the U.S. Securities and Exchange Commission on Form 8-K.

Lordstown Motors taps Hertz board member to right the ship - The Verge: Lordstown Motors has hired a new CEO, Daniel Ninivaggi. Ninivaggi comes from an automotive background and recently wrapped up a seven-year stint as a member of Hertz’s board of directors, where he helped oversee the rental car company’s very public bankruptcy and restructuring.

Philadelphia’s Jewish museum emerges from bankruptcy | WITF: Currently the museum is closed due to the pandemic, with plans to open in a few weeks as soon as the museum determines it is safe.

Hilton Houston Post Oak by the Galleria seeks Ch. 11 bankruptcy protection - Houston Business Journal: The hotel listed both estimated liabilities and assets between $50 million and $100 million.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding the Departure or Appointment/Election of Directors or Certain Officers (Item 5.02) for the Week Ended Sunday Sep 5, 2021:

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