Bankruptcy & Restructuring News Headlines for Tuesday Nov 16, 2021

Here's what we are reading this morning:

Announcement of Retirement of Judge Christopher Sontchi | District of Delaware | United States Bankruptcy Court: The United States Bankruptcy Court for the District of Delaware announces that Judge Christopher S. Sontchi has declared his intention to retire, effective June 30, 2022.

Dozens of NYC hotels in jeopardy as international tourism set to return: Tourists are poised to swarm to the Big Apple during the holiday season after an international travel ban was lifted last week — but it might be too little, too late for dozens of New York City hotels

Honorable Grace E. Robson and the Honorable Jacob A. Brown were sworn in as the newest bankruptcy judges of the United States Bankruptcy Court for the Middle District of Florida: Prior to her appointment, Judge Robson was a partner at Markowitz, Ringel, Trusty & Hartog, P.A. in Miami, Florida. Judge Robson will preside in the Orlando Division. Prior to his appointment, Judge Brown was a partner at Akerman LLP in Jacksonville, Florida. Judge Brown will preside in the Jacksonville Division.

The Claim Is in the Mail: Postal Delays Mar Bankruptcy Cases: It’s not just holiday gift senders worrying about the mail these days.

BREAKING: Judge Sontchi To Retire From Del. Bankruptcy Bench In '22 - Law360: Judge Christopher S. Sontchi is set to retire June 30 from the U.S. Bankruptcy Court for the District of Delaware and will then serve as an international judge of the Singapore International Commercial Court handling insolvency matters, the court announced Monday.

Wall Street eyes NYC taxis as beleaguered drivers win relief | Financial Times: Debt restructuring eases painful burden and opens the way for new capital to enter the cab market

Diamond Sports Bonds Drop After Sinclair-Dish Deal Excludes Unit: Bonds issued by Sinclair Broadcast Group’s sports networks were the biggest high-yield decliners on Monday after the unit was left out of a key deal struck between Sinclair and Dish Network Corp.

Lead Bidder Offers $20 Million Aiming to Restart Virgin Islands Refinery: A possible buyer has emerged to purchase the bankrupt Limetree Bay oil refinery in the U.S. Virgin Islands for $20 million, a fraction of the roughly $4.1 billion that investors have spent trying to make the project viable.

Crypto Miner Marathon Tumbles After SEC Subpoena Disclosed - Bloomberg: Shares of Marathon Digital Holdings Inc. tumbled 27% after the cryptocurrency mining company disclosed that it received a subpoena from the U.S. Securities and Exchange Commission related to a partnership for a Montana data facility.

Chinese Developer Kaisa Has Yet to Pay Interest Due Last Week: At least some of Chinese developer Kaisa Group Holdings Ltd.’s creditors haven’t received bond interest that was due last week, according to people with knowledge of the matter, starting the clock on a 30-day grace period before a default.

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