Bankruptcy & Restructuring News Headlines for Tuesday Apr 1, 2025

Here's what we are reading this morning:

American auto jobs could be lost quickly in tariff war: Looming tariffs on imported cars could mean more than just higher prices for buyers and lower profits for automakers – it could also mean layoffs for American autoworkers

Estimates Imply That Tariffs Could Fall Heavily on Consumers : Trade experts have argued that using tariffs to raise revenue directly contradicts the goal of using tariffs to bring factories back to the United States. In order for the government to take in so much revenue, Americans would need to continue buying substantial amounts of imported products.

FTX to Begin $11.4B Creditor Payouts in May After Years-Long Bankruptcy Battle: 
Payments to FTX’s largest creditors will start May 30, nearly three years after the exchange collapsed.

FTC concerned about privacy protections in 23andMe bankruptcy: Any purchaser of 23andMe assets should agree to be bound by the company's existing privacy policy, FTC Chairman Andrew Ferguson said in a letter to the U.S. trustee, a government office that oversees bankruptcies

Farm Labor Grantees Warn Funding Freeze Risks Bankruptcy : Frozen payments from a $50 million grant program designed to expand legal agriculture labor pathways have put some farms at risk of going bankrupt and shutting down, a coalition of recipient farmers are warning.

Tropicana Nears Debt Restructuring Deal to Get $400 Million Loan: Tropicana Brands Group is closing in on a debt restructuring that would give the juice maker $400 million of fresh cash, according to people with knowledge of the situation.

Oaktree Plans Special Situations Fund as Tariff Threats Grow: Oaktree Capital Management LP is seeking investors for its latest fund focusing on corporate special situations, according to people familiar with the matter, as a global trade war darkens the outlook for businesses.

Sterling Bay Surrendering Section Of Lincoln Yards To Lender In Latest Setback For Megadevelopment: The developer is transferring ownership of the northern portion of the sprawling site to Bank OZK. It’s unclear what the transfer will mean for Lincoln Yards, which has barely progressed since it won city approval in 2019

The Dolphin Company Files Chapter 11 Cases in the United States to Restructure Its Business and Address Financial Challenges: The Dolphin Company, the largest aquatic theme park operator in Latin America and the world's leading dolphin company, announced that it has voluntarily filed Chapter 11 cases in the U.S. Bankruptcy Court for the District of Delaware





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