Bankruptcy & Restructuring News Headlines for Thursday Oct 19, 2023

Here's what we are reading this morning:

Johnson & Johnson Looks to Texas for Unit’s Third Bankruptcy Bid: Johnson & Johnson has discussed using a Texas bankruptcy court for a third potential bankruptcy to resolve widespread talc-related litigation following its unsuccessful efforts in New Jersey, according to three people familiar with the matter.

J&J Weighs Third Bankruptcy Try to Settle Baby Powder Suits : Johnson & Johnson said it is weighing a third attempt to use bankruptcy for an $8.9 billion settlement of tens of thousands of lawsuits that allege tainted talc in the company’s baby powder caused cancer.

The Mystery of FTX’s Missing $9 Billion Unraveled at SBF Trial: A forensic accountant at the trial of Sam Bankman-Fried tried to explain what happened to $9 billion in FTX customer funds that were missing in June 2022, five months before the company filed for bankruptcy.

Airport Firm OTG Weighs Sale, Capital Raise After Missed Payment: Airport concession operator OTG Management LLC is looking at options including a sale or capital raise after missing a debt interest payment, according to people with knowledge of the matter

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