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Bankruptcy & Restructuring News Headlines for Thursday Apr 11, 2019

April 11, 2019

Here's what we are reading this morning:

Mattress Firm Board of Directors Announces the Resignation of Chief Executive Officer

Moody's downgrades L Brands' outlook on Victoria's Secret woes | Retail Dive

Multi-level marketers squeezed in the loan market - Reuters

Christopher & Banks Corporation Announces Engagement of Real Estate Consultant and New Director-Nominee

Alta Mesa Resources, Inc. Provides Bank Borrowing Update; Retains Financial Advisor; Receives NASDAQ Notice Regarding Non-Compliance with Continued Listing Standards

How some restaurants are responding to minimum wage hikes: 45% of operators saw labor costs rise 3%-9%; 71% raised menu prices (most operators raised prices by single digit %); 64% reduced employee hours (hours cut mainly in the <10% & 10%-15% range); 45% reworked menu

US CPI Core Price Inflation March 2019: Unexpectedly Cools - Bloomberg

National Enquirer expected to be sold imminently as parent company faces pressure - The Washington Post

Recent Ruling Against Puerto Rico Revenue Bondholders Causes Waves in U.S. | Holland & Knight LLP

SDNY Bankruptcy Court Finds Bar Date Applies to Pension Fund’s Withdrawal Liability Claim Before Withdrawal Occurs | Kramer Levin Naftalis & Frankel LLP

Amid Chapter 11 Proceedings, Sizmek Begins Layoffs – Adweek




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