Bankruptcy & Restructuring News Headlines for Thursday Sep 5, 2024

Here's what we are reading this morning:

Byju’s US Lenders Kicked Off Creditor Panel by India Court Official - Bloomberg: US lenders to Byju’s were removed from an influential creditors committee by a court-appointed arbitrator in India, potentially making it easier for the tech company to avoid bankruptcy

JOLTS July 2024: Job openings fell more than expected in July: Job openings slumped to their lowest level in 3½ years in July, the Labor Department reported Wednesday in another sign of slack in the labor market

Volkswagen: Unions lash out as carmaker weighs German plant closures: Volkswagen’s management went toe-to-toe with workers on Wednesday, outlining the need to take “joint responsbility” in order to turn things around at the crisis-stricken German automotive giant

Rite Aid Completes Restructuring Process and Emerges from Chapter 11 : In connection with emergence, Rite Aid will operate as a private company. Ownership of the Company transitioned to certain Rite Aid creditors, and all of Rite Aid’s existing common shares were cancelled, pursuant to the Plan of Reorganization

Bankruptcy Court Approves Sale of Steward Hospitals in Massachusetts - WSJ: Judge proposes setting aside $17 million and deciding later how to split sale proceeds between Apollo and opposing creditors





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