Jordana L. Renert Joins Lowenstein Sandler as Partner in the Bankruptcy & Restructuring Department: Before joining Lowenstein, Renert was a partner at an Am Law 200 firm. She is Co-chair of the Business Reorganization Committee of the American Bankruptcy Institute.
Business Cycle Dating Committee Announcement July 19, 2021 | NBER: The committee has determined that a trough in monthly economic activity occurred in the US economy in April 2020. The previous peak in economic activity occurred in February 2020. The recession lasted two months, which makes it the shortest US recession on record.
Oil Prices Slide on Fears Delta Variant Will Crunch Demand - WSJ: Crude fell alongside stocks and government-bond yields as traders worried about a possible economic slowdown.
Neumann’s Payday From WeWork Bigger Than Previously Known, New Book Says - Bloomberg: Entities controlled by Neumann have made more than $2.1 billion from the company since its founding, including stock sales, cash settlement payments and WeWork shares—all while the company burned through more than $11 billion and laid off thousands of workers after its failed attempt at an initial public offering in 2019, according to recent company filings as well as reporting from The Cult of We: WeWork, Adam Neumann and the Great Startup Delusion, a book set to be released Tuesday by Wall Street Journal reporters Eliot Brown and Maureen Farrell.
Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Bankruptcy or Receivership (Item 1.03) for the Week Ended Monday Jul 19, 2021: