Bankruptcy & Restructuring News Headlines for Thursday Oct 10, 2024

Here's what we are reading this morning:

Another rough year for department stores | Retail Dive: The segment is undergoing a quiet shakeup in 2024, with major players pursuing varying degrees of change to their operations

Midwest private colleges face continued enrollment declines | Bond Buyer: Xavier University in Ohio is the latest private Midwest college to face bad financial news -- downgrades from two bond rating agencies -- but it's not alone.

Singapore International Commercial Court Approves First Cross-Border Pre-Packaged Scheme of Arrangement | Morrison & Foerster LLP: This decision marks the first time the SICC has approved a cross-border, pre-packaged scheme of arrangement, setting a significant precedent for restructuring practices in Singapore

Massachusetts Alleges Steward Health’s Malpractice Insurer Leaves Doctors Exposed - WSJ: The state asks bankruptcy court to compel Steward to pay premiums due to its subsidiary

Byju’s Affiliate Drained Cash from US Units, Lawsuit Says: A software company controlled by Indian entrepreneur Byju Raveendran drained cash from US affiliates in violation of US bankruptcy rules, according to a lawsuit filed Tuesday in federal court in Delaware

Amazon Just Walk Out rival shutters after failing to secure funding: Grabango raised just over $73 million, Pitchbook data shows, with its most sizable financing round coming in 2021. The company employed roughly 100 employees, according to LinkedIn and Pitchbook





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