Bankruptcy & Restructuring News Headlines for Tuesday Jun 22, 2021

Here's what we are reading this morning:

Lordstown Motors Executives Sold Stock Ahead of Reporting Results and Before Troubles Came to Light - WSJ: A board special committee of the electric-truck startup concluded the share sales “were made for reasons unrelated to the performance of the company.”

The United States economy is fundamentally different than it was in February 2020 - The Washington Post: A new era has arrived of greater worker power, higher housing costs and very different ways of doing business.

Lordstown Motors Invites Investors and Analysts to Its Factory - The New York Times: After replacing its leadership team and delivering a series of contradictory statements about its outlook, Lordstown Motors is putting its Ohio factory on display in an effort to validate its promise to start manufacturing an electric commercial pickup truck.

Companies in Certain Industries Receive More Auditor Warnings About Survival - WSJ: The percentage of these filings increased in three industry sectors, which are categorized based on codes some U.S. government agencies use: construction; finance, insurance and real estate; and transportation, communication, electric and gas.

As Lumber Prices Fall, the Threat of Inflation Loses Its Bite - The New York Times: Costs soared partly because of do-it-yourselfers’ spending stimulus checks, but a month of declines show that consumers aren’t about to trigger runaway increases.

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 21, 2021:

Airline Ticket Sales Dipped in May, but Industry Is Optimistic - The New York Times: Americans spent 4 percent less on flights in May than in April, and 20 percent less than May 2019.

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