Bankruptcy & Restructuring News Headlines for Thursday Sep 7, 2023

Here's what we are reading this morning:

Bankman-Fried loses bid to get out of jail, appeals court will hear case | Reuters: Sam Bankman-Fried on Wednesday lost his bid to be freed immediately from a Brooklyn jail so he could prepare better for his criminal trial, less than a month away, over the collapse of his FTX cryptocurrency exchange.

SmileDirectClub Preparing for Potential Bankruptcy Filing - Reorg: SmileDirectClub is preparing a potential bankruptcy filing as the teeth alignment service provider faces a liquidity shortfall.

WeWork tells landlords it will renegotiate most office leases | Financial Times: Company calls rental costs ‘dramatically out of step with current market conditions’

Cyber Company IronNet Furloughs Workers, Explores Bankruptcy - WSJ: Company founded by former Pentagon brass says it will ‘substantially curtail’ operations in the absence of new funds.

Genesis Global Capital sues DCG over unpaid bitcoin loans | The Block: "Genesis has agreed to stay the turnover action so that we can move forward with documenting the deal in principle that was reached with Genesis, the UCC, and DCG," a spokesperson for DCG said in an emailed statement.

DLA Piper adds Robert Klyman as Co-Chair of the Firm’s Restructuring Practice | DLA Piper: DLA Piper is pleased to welcome Robert Klyman as Global Co-Chair and US Co-Chair of the firm’s Restructuring practice, alongside Craig Martin and Rachel Albanese, respectively. He will be based in the firm’s Los Angeles office.

Former Celsius CEO Mashinsky's Assets Ordered Frozen by U.S. Court After Arrest on Fraud Charges: Banking and real estate assets of former Celsius chief Alex Mashinsky have been ordered frozen as a criminal case against him advances, according to court documents unsealed Tuesday.

Binance Global Head of Product Mayur Kamat Leaves Crypto Exchange (BNB) - Bloomberg: Binance’s head of product Mayur Kamat became the latest senior executive to leave the world’s biggest crypto exchange, which is under mounting pressure from regulators around the globe.

US Labor Department Sees Much Slower Job Growth Through 2032 - Bloomberg: Annual employment seen growing 0.3% vs 1.2% gain in 2012-2022

Past and Future Effects of the Recent Monetary Policy Tightening - Federal Reserve Bank of Chicago: According to the model’s forecast, the policy tightening that’s already been done is sufficient to bring inflation back near the Fed’s target by the middle of 2024 while avoiding a recession.

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