Bankruptcy & Restructuring News Headlines for Tuesday Dec 12, 2023

Here's what we are reading this morning:

U.S. Attorney Announces Distribution Of Over $158 Million To Nearly 25,000 Victims Of Madoff Ponzi Scheme | United States Department of Justice: To Date, Madoff Victims Have Recovered Approximately 91% of Fraud Losses

Sacramento Catholic Diocese Plans Bankruptcy Filing by March: The Roman Catholic Diocese of Sacramento plans to file for bankruptcy protection by March as it faces more than 250 lawsuits accusing its clergy and other employees of child sexual abuse.

Zulily to cut more than 800 jobs in 3 states amid reported shutdown | Retail Dive: The company is going out of business, according to news reports and posts by employees on LinkedIn.  

Toy maker Hasbro cuts 1,100 jobs, or 20% of its workforce | AP News: The job cuts come as the malaise in the toy business extends through another holiday shopping season.





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