Bankruptcy & Restructuring News Headlines for Tuesday Apr 16, 2024

Here's what we are reading this morning:

Michaels gets S&P upgrade on improved performance and credit metrics | Retail Dive: But topline trends in the arts and crafts retail sector are likely to stay soft in 2024 as inflation persists, analysts say

Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers: “That free tier was cannibalizing our funnel and conversion to free trial and then to pay,” finance chief Liz Coddington said at a Morgan Stanley conference in March.

Daniel B. Besikof Joins Lowenstein Sandler as Partner in the Bankruptcy & Restructuring Department | Lowenstein Sandler LLP: Before joining Lowenstein, Besikof was partner and deputy chair of the bankruptcy and restructuring practice of an international law firm.

Biggest Catholic Diocese in Bankruptcy Urges Dismissal After Victims Reject Offer - WSJ: In an unprecedented move, the Rockville Diocese in suburban Long Island calls for throwing out its chapter 11 case

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