Bankruptcy & Restructuring News Headlines for Tuesday Apr 23, 2024

Here's what we are reading this morning:

Mt. Gox creditors report bitcoin and bitcoin cash payment update on claims system | The Block: Mt. Gox creditors report that the trustee’s rehabilitation claims system has been updated with amounts of bitcoin and bitcoin cash to be repaid and the completion date for repayment

Liability Management Transactions – Drafting Approaches: King & Spalding’s Private Credit and Special Situations team put together a primer for assessing the variable strength of drafting fixes to prevent well-known liability management transactions

Hudson Bay Closes $800 Million Fund to Bet on Special Situations - Bloomberg: Hudson Bay Capital Management has raised over $800 million to invest in so-called special opportunities, according to a person with knowledge of the matter.

Fisker Gets 10 Day Forbearance Extension, Appoints Chief Restructuring Officer from FTI: On April 21, 2024, the Board appointed Michael Healy as Chief Restructuring Officer of the Company. Mr. Healy is a Senior Managing Director of FTI Consulting, Inc., a management advisory and consulting firm.

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