Bankruptcy & Restructuring News Headlines for Thursday Oct 26, 2023

Here's what we are reading this morning:

Inside J.C. Penney’s holiday marketing strategy | Retail Dive: Focused on value, the seasonal push is one of the first marketing efforts in support of JCPenney following the launch of a $1 billion turnaround plan in September

Senators Press for Answers From Executives of Corizon Successor Companies: Nine senators, including Elizabeth Warren, have sent a letter calling prison health provider Corizon's use of the Texas Two-Step "unjust." The letter raises "serious questions" about successor company Tehum's proposed bankruptcy deal.

Genesis says NY AG lawsuit may force "no deal" bankruptcy liquidation | Reuters: Crypto lender Genesis Global said on Tuesday a New York civil fraud lawsuit could lead to a bankruptcy liquidation that does not resolve its claims against parent company Digital Currency Group (DCG).

FTX Claims Rise After Potential Bidders for Failed Crypto Exchange Emerge - Bloomberg: Prices for FTX Group claims shot higher after an adviser to the failed crypto conglomerate said it is considering proposals from three bidders for its currently shuttered exchange.

Cryptocurrency Brings Disruption to Bankruptcy Courts—What Parties Can Expect and the Open Issues Still To Be Resolved (Part Two) - by: Mark A. Salzberg , Justin Cloyd of Squire Patton Boggs (US) LLP: In this part two, we explore preferential transfers of cryptocurrency, whether self-executing smart contracts would violate the automatic stay, and how confusing regulatory guidelines negatively impact bankruptcy proceedings, including plan feasibility.

Older Post Newer Post