Bankruptcy & Restructuring News Headlines for Tuesday Aug 30, 2022

Here's what we are reading this morning:

Vulnerability of Customers’ Crypto in Bankruptcy; Is Help on the Way? | Overheard in Bankruptcy: It remains to be seen whether the RFIA or DCCPA (or like legislation) will become law, but there is growing consensus among lawmakers that there is a need for meaningful federal regulation of the crypto industry which includes protection of custodial accounts.

Lumileds Agrees With Requisite Lenders on Restructuring: Lumileds Holding B.V. has entered into a restructuring support pact with lenders holding a significant majority of its loans under its prepetition first lien debt facility, company says in statement.

PG&E Bankruptcy Shorted Some Creditors, Appeals Court Says: Utility giant PG&E Corp.'s bankruptcy plan wrongly forced some of its creditors to accept a lower interest rate on their recoveries, an appeals court ruled in a reversal that will force reconsideration of whether creditors should get some $200 million more in interest payments.

Amazon Seller Packable to Shut Down in Bankruptcy After SPAC Deal Sinks: The online third-party seller of health and beauty products was valued at more than $1 billion less than two years ago.

46% of cryptocurrency investors in US say it did worse than expected | Pew Research Center:

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