Bankruptcy & Restructuring News Headlines for Thursday Jun 3, 2021

Here's what we are reading this morning:

Housing boom may be cooling as weekly mortgage demand drops again: High prices and low supply are finally taking some of the heat out of the housing market, and mortgage demand is following suit.

The Mystery of the $113 Million Deli - The New York Times: It made headlines around the world: a New Jersey sandwich shop with a soaring stock price. Was it just speculation, or something stranger?

Jobs lost to the pandemic will take years to return, a labor organization says - The New York Times: The pandemic wiped out around 144 million jobs last year, including a projected 30 million new jobs that would have been created, the International Labor Organization said in its assessment of employment and social trends.

AMC Entertainment Holdings, Inc. Unveils All New Communication Initiative to Engage Directly With Its Sizable Retail Shareholder Base Through the Launch of AMC Investor Connect | Business Wire: Investors who sign up for AMC Investor Connect will receive an initial offer of a free large popcorn when attending a movie at AMC this summer, with more benefits to come

More Evidence of How Frothy SPACs Can Be - Bloomberg: As special purpose acquisition companies come under growing scrutiny, one basic calculation that was off the mark for some of them is calling into question all other projections: the interest income the companies said they expected to earn on their cash.

The Young Lawyer Who Became the Don Quixote of Canceling Student Debt: In mid-March, after confessing to his YouTube followers that the gambit had amounted to an "epic failure," Smith decided to change tack: He filed paperwork to run for Congress in New York's first House district

Bankrupt California Power Authority’s Customer Bills Worry Judge: A federal judge said Tuesday he is worried that customers of Western Community Energy, which filed for bankruptcy last week, could see their electric bills go up as the cities it serves brace for summer.

3.7 million to lose unemployment benefits early as states withdraw: Around 3.7 million Americans will be affected by states’ early withdrawal from federal unemployment programs, according to a CNBC analysis of Labor Department data. In the past month, 25 states have announced plans to end pandemic-era benefits ahead of their formal expiration Sept. 6. Some states are ending the aid as early as June 12.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Triggering Events That Accelerate or Increase a Direct Financial Obligation (Item 2.04) for the Week Ended Wednesday Jun 2, 2021:

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