Bankruptcy & Restructuring News Headlines for Thursday May 11, 2023

Here's what we are reading this morning:

Convicted Pharma Fraudster Shkreli’s Companies File For Bankruptcy: A new board installed after Martin Shkreli was imprisoned for securities fraud has filed his companies Phoenixus and Vyera for chapter 11.

Judge Blocks Phoenix Suns’ Plan to Break Diamond Sports Agreement, Offer Free TV: The NBA team can’t change broadcast partners in an effort to let fans stream games at no cost, according to a judge overseeing Diamond Sports in bankruptcy.

David's Bridal, Other Repeat Bankruptcies Pile Up at Fastest Rate Since 2009 - Bloomberg:

Marathon’s Raisman Expects ‘Slow Grind’ of Low Growth, Inflation: An economy with more restrained capital, nagging inflation and weak growth will create ample distressed investing opportunities, according to Randy Raisman, managing director at Marathon Asset Management.

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