Bankruptcy & Restructuring News Headlines for Thursday Oct 5, 2023

Here's what we are reading this morning:

Bed Bath & Beyond: a quick capital-structure primer for Apes | Financial Times: Last weekend, a new conspiracy theory took hold on social media — that Bed Bath & Beyond’s plan to reorganise and exit bankruptcy would not, in fact, cancel out all of the value of the company’s shares.

US Foxconn EV Customer IndiEV Files for Bankruptcy Protection After Lordstown - Bloomberg: A second potential customer for Foxconn Technology Group’s electric-vehicle factory in Ohio has filed for bankruptcy, following the Chapter 11 filing of Lordstown Motors Corp. in June.

Ex-Celsius CEO Alex Mashinsky’s Fraud Trial Set for September 2024 - Bloomberg: The criminal trial of former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky has been scheduled for Sept. 17, 2024.

Boy Scouts Chapter 11 Opponents Denied Pause on Sex-Abuse Settlement - WSJ: A federal judge won’t hold up payments to abuse survivors while the Supreme Court considers a similar plan by Purdue Pharma.

Chris Dickerson Joins Ropes & Gray as Firm Expansion Continues in Liability Management and Restructuring: Ropes & Gray announced today that Chris Dickerson, a market leader in advising companies and sponsors in their most complex restructuring transactions, has joined the firm in Chicago.

No qualified bids submitted for bankrupt Arizona sports venue | Bond Buyer: Legacy Cares, which filed for bankruptcy in May, is trying to sell Legacy Park, which was financed with now-defaulted bonds issued in 2020 and 2021.

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