Here's what we are reading this morning:
BurgerFi files for Chapter 11 bankruptcy protection: The fast-casual burger restaurant and parent of Anthony’s Coal Fired Pizza warned investors of potential bankruptcy a month ago
GameStop eyes more store closures as sales fall 31% | Retail Dive: A store optimization review is underway as the video game retailer continues to face significant obstacles
Goldman Sachs Tests Demand for Wayfair Debt - Bloomberg: The process is in its early stages as Wayfair considers ways to address coming maturities on convertible bonds, said the people, who asked not to be named discussing a private matter
Delaware District Court sheds light on standards for dismissal of chapter 11 case based on bad faith | DLA Piper: On August 28, 2024, Judge Gregory B. Williams of the US District Court for the District of Delaware issued a ruling in AIG Financial Products Corporation, Civ. No. 23-573, affirming an order on appeal from the Delaware Bankruptcy Court that denied a motion to dismiss a chapter 11 petition as a bad faith filing