Bankruptcy & Restructuring News Headlines for Thursday Jun 20, 2024

Here's what we are reading this morning:

Express' buyout by Phoenix Retail gets bankruptcy court approval: Phoenix, a joint venture among equity investor WHP Global and mall owners Simon Property Group and Brookfield Properties, on Friday received approval from a bankruptcy court in Delaware to acquire most of the assets of the embattled apparel retailer out of bankruptcy

Maker of melanoma skin patch files for Chapter 11 bankruptcy: While its melanoma test has gained insurance coverage with many groups, including Medicare, it has not been reviewed or approved by the U.S. Food and Drug Administration

Crypto Exchange FTX Victims View Bankruptcy Process as 'Second Act of Theft,' File to Recover $8B: FTX bankruptcy victims are seeking a ruling that the failed crypto exchange's forfeited assets, some $8 billion, belong to its customers, not the bankruptcy estate, according to a Friday filing in the U.S. District Court for the Southern District of New York

Pro Take: Asset-Based Financing Is the New Star of Private Credit - WSJ: Investors in private credit are looking for ways to juice returns as yields compress in the core direct lending strategy

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