Bankruptcy & Restructuring News Headlines for Tuesday Jan 4, 2022

Here's what we are reading this morning:

As Omicron Cases Rise, Companies Rethink Return-to-Office Plans - The New York Times: In recent days, companies from Goldman Sachs to Chevron have begun to backtrack on workplace policies. Some are telling employees to stay home with just days, or even hours, to spare before their planned returns.

Bed Bath & Beyond's wedding registry business is slipping, survey finds: Bed Bath & Beyond’s listing penetration share of wedding registries has fallen to 30% — the lowest-ever finding in the six years that Baird has conducted its annual survey. Wedding registries are a key indicator for retailers' brands, since they can deepen customer loyalty as couples get ready to buy a house or start a family.

Planet Fitness gym visits holding up against Covid omicron variant: “During the delta variant and omicron, we’re not seeing that pullback. ... We’re not seeing members slowing to come in. We’re not seeing joins slowing. We’re not seeing cancelations rising,” the CEO said.

Elizabeth Holmes found guilty on 4 counts of defrauding Theranos investors: Theranos founder Elizabeth Holmes was convicted on three counts of criminal wire fraud and one count of conspiracy to commit wire fraud Monday, with a jury unanimously finding her guilty of illegally fleecing investors out of millions of dollars through her startup blood diagnostics company. The jury deadlocked on three counts of wire fraud, and she was found not guilty on four counts of defrauding patients.

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