Bankruptcy & Restructuring News Headlines for Tuesday Jun 15, 2021

Here's what we are reading this morning:

Electric truck maker Lordstown Motors shares slide after CEO and CFO resign: Lordstown Motors said Monday that CEO Steve Burns and CFO Julio Rodriguez have resigned. The announcement came days after the electric truck maker warned that it had “substantial doubt” about its ability to continue as a going concern in the next year.

Private colleges across America can't pay their bills - Axios: Government stimulus helped struggling schools extend their financial runway but time is running out.

ERCOT Calls On Texans To Conserve Power Amid High Summer Demand, Forced Outages | KUT Radio, Austin's NPR Station: ERCOT said several power generators in the state are on forced outages for repairs, putting about 11,000 megawatts — about the amount of energy it takes to power 2.2 million homes on a summer day — out of commission.

MJardin eyes restructuring amid fallout from Bridging Finance scandal - Article - BNN: MJardin Group Inc. has retained a restructuring firm to advise a special committee of board members to review a potential sale of the Canadian cannabis producer’s assets after a court monitor was appointed to manage the affairs of Bridging Finance Inc., a major lender to the company.

Months After Big Freeze, Texas on the Verge of Another Electricity Surge: The state's electric grid is facing challenges once again after several generators need repairs during an ongoing heatwave.

Current Reports (Form 8-K) Filed With the Securities & Exchange Commission (SEC) Regarding Bankruptcy or Receivership (Item 1.03) for the Week Ended Monday Jun 14, 2021:

Older Post Newer Post