Here's what we are reading this morning:
Bed Bath & Beyond Wins Approval of Ch. 11 Exit Plan Erasing Shares - Law360: Home goods retailer Bed Bath & Beyond Inc. on Tuesday won court approval to end its bankruptcy with a plan to distribute the proceeds of going-out-of-business sales to secured lenders while wiping out shareholders.
FTX Approved to Sell More Than $3 Billion of Users’ Crypto: FTX is selling assets to repay part of its debts to customers as it moves toward a restart of its crypto exchange.
Lenders Allege Edtech Startup Byju’s Hid $533 Million With Hedge Fund: Lenders to Indian education-technology company Byju’s have alleged that it covertly transferred $533 million to a Florida-based hedge fund, adding another dimension to their legal feud with one of India’s most highly valued startups.
Blue Harvest Fisheries files for Chapter 7 bankruptcy | SeafoodSource: It is listed as having between USD 50 million and USD 100 million (EUR 46 million and EUR 93 million) in assets and between USD 10 million and USD 50 million (EUR 9 million and EUR 46 million) in liabilities.