Bankruptcy & Restructuring News Headlines for Thursday Jun 29, 2023

Here's what we are reading this morning:

Online Real-Estate Debt Provider Peer Street Files for Bankruptcy: California-based company said reduced mortgage demand and scarcer venture-capital funding are reasons for its chapter 11 filing.

FTX Begins Talks on Reboot as Managers Uncover Past Misconduct: The failed crypto company is in initial discussions with investors about relaunching its international exchange.

FTX accuses ex-lawyer of aiding Bankman-Fried's fraud, silencing whistleblowers | Reuters: Bankrupt cryptocurrency exchange FTX sued one of its former top lawyers, accusing him of aiding fraud by company founder Sam Bankman-Fried and silencing whistleblowers who reported wrongdoing at the company.

FTX, Voyager Mediation to Be Overseen by Former SDNY Judge: A retired New York bankruptcy judge will mediate a bankrupt FTX Trading Ltd. affiliate’s tussle to get back $446 million of loans paid back to Voyager Digital Ltd.

Crypto Discounts Worsen on Binance US as SEC Investigation Impact Takes Hold - Bloomberg: Tokens are trading at discounts ranging from 2% to 5%; TrueUSD stablecoin fell to as low as 80 cents on US exchange

Overstock Buys Intellectual Property to Rename as Bed Bath & Beyond - The New York Times: The online retailer is renaming its website and its mobile app after buying the intellectual property of the bankrupt home-goods store.

Lordstown Says It’s Held Confidential Settlement Talks With SEC - Bloomberg: Lordstown lawyer says SEC inquiry could spawn civil claims, tells federal judge talks may not result in settlement

Judge Won't Undo $240M Bed Bath & Beyond Ch. 11 Loan - Law360: A New Jersey bankruptcy judge rejected Wednesday a request to revoke Bed Bath & Beyond's $240 million in Chapter 11 financing, saying it would be unfair to undo the loan based on information company officials could not have known when they asked for the loan.

Overstock Acquires Bed Bath & Beyond Brand and Other Intellectual Property: Within the next week, Overstock plans to re-launch the Bed Bath & Beyond domain in Canada, followed weeks later by the re-launch of a refreshed website, mobile app, and loyalty program in the United States.

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