Bankruptcy & Restructuring News Headlines for Tuesday Aug 3, 2021

Here's what we are reading this morning:

Judge Beesley retirement announcement: Bankruptcy Judge Bruce T. Beesley of the United States Bankruptcy Court for the District of Nevada announced his retirement effective Aug. 31, 2021

In re Dura Automotive Systems, LLC: Delaware Bankruptcy Court Affirms Inability to “Impliedly” Assume Executory Contracts | Real Bankruptcy Intel: In a recent opinion from the Delaware Bankruptcy Court in the Dura Automotive Systems bankruptcy case, Judge Karen Owens held that executory contracts cannot be impliedly assumed through course of conduct by the parties, under binding Third Circuit precedent, notwithstanding that a minority of courts outside of the Third Circuit have allowed it under certain circumstances

Southern District of Indiana Bankruptcy Court: Return of Face Coverings Requirement, Resumption of In-Person Hearings and Other Changes: Effective August 3rd, the courthouses in the Southern District of Indiana will be returning to the requirement of wearing facial coverings and of social distancing, regardless of vaccination status.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Bankruptcy or Receivership (Item 1.03) for the Week Ended Monday Aug 2, 2021:

Texas PUC Can't Quash Brazos Ch. 11 Document Demands - Law360: A Texas bankruptcy judge denied on Monday a state Public Utility Commission bid to quash document demands from unsecured creditors of bankrupt Brazos Electric Power Cooperative Inc. who are probing a storm-driven, $1.9 billion Chapter 11 claim filed by power grid operators.

Finova Financial files for Chapter 11 bankruptcy after raising $155M in venture capital - South Florida Business Journal: Four years ago the tech firm was among South Florida's top venture capital recipients

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