Bankruptcy & Restructuring News Headlines for Thursday Jul 28, 2022

Here's what we are reading this morning:

Betting on a recession, U.S. distressed debt funds seek fresh capital | Reuters: Several U.S. distressed debt asset managers are in fundraising talks with investors to boost their firepower, anticipating that a recession will create more opportunities to snap up and profit off troubled companies' debt, according to multiple sources.

Faraday Future Delays First EV Model, Says It Needs More Cash - WSJ: The Los Angeles-based firm is the latest EV startup to struggle with getting its first autos to market, after raising money from investors in public debuts.

Earplug Plaintiff Lawyers Attack 3M Bankruptcy Backstop: Personal-injury lawyers are scrutinizing an intercompany agreement central to 3M’s contention that it should get a pause on earplug injury litigation.

As Twitter rethinks its San Francisco footprint, a bigger $9 billion question hangs over the city's office market - MarketWatch: Twitter is looking at potential cuts to its large San Francisco office footprint, leaving a bigger $9 billion question hanging over the city's property market.

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