Bankruptcy & Restructuring News Headlines for Tuesday Nov 12, 2024

Here's what we are reading this morning:

FTX sues crypto exchange Binance and its former CEO Zhao for $1.8 billion: In a Sunday filing with a Delaware court, FTX cites a 2021 transaction in which Binance, Zhao and others exited their investment in FTX, selling a 20% stake in the platform and a 18.4% stake in its U.S.-based entity West Realm Shires back to the company

‘Contradictions and mixed signals’ in the economy won’t affect holiday sales growth: NRF | Retail Dive: The trade organization is maintaining its holiday forecast for the year, stating that households are in decent financial shape

HIG Capital-Backed Wellpath Declares Bankruptcy - Bloomberg: Wellpath Holdings Inc., one of the largest providers of health-care services to prisons and jails across the US, has filed bankruptcy after failing to meet its debt obligations while grappling with high labor costs.





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