Bankruptcy & Restructuring News Headlines for Tuesday May 23, 2023

Here's what we are reading this morning:

Gemini Says Genesis Parent DCG Missed $630 Million Payment: Gemini says it is working with Genesis, DCG, and creditors to provide forbearance to DCG in order to avoid a default.

Nielsen & Bainbridge Aims to Save Unit as Bankruptcy Deal Fails: Nielsen & Bainbridge is shifting gears in bankruptcy to reorganize around a subsidiary, saying it can’t afford to revamp its entire home decor business.

Truck Maker Embark Settles With Investors While Eyeing Closure: Embark Technology Inc. is likely to seek bankruptcy protection or close down, the autonomous truck company’s shareholders told a federal court when requesting preliminary approval of a $2.5 million securities settlement that represents just 1.1% of their estimated losses.

Slot Machine Operator Lucky Bucks Weighs Possible Bankruptcy: Georgia-based gaming operator Lucky Bucks LLC is preparing to file for bankruptcy as soon as next week, according to people with knowledge of the situation.

Fed Rate Increases Hit Small Businesses the Hardest - WSJ: Companies with smaller payrolls and valuations are facing higher funding costs.

Older Post Newer Post