Bankruptcy & Restructuring News Headlines for Tuesday Sep 12, 2023

Here's what we are reading this morning:

It’s Not Your Imagination—Shopping in Person Is Getting Worse - WSJ: Retailers have fewer workers than they used to, and are resorting to keeping more of their products locked up. That makes things harder for the people who still go to the store.

Minim layoffs 2023: Company cuts workforce by 78%, explores bankruptcy option - Boston Business Journal: The company formerly known as Zoom Telephonics (Nasdaq: MINM) up-listed its shares from the penny stock to the Nasdaq market two years ago.

St. Louis-based retailer Soft Surroundings to sell assets to Coldwater Creek in Chapter 11 restructuring - St. Louis Business Journal: Retailer Soft Surroundings filed for bankruptcy last night with a consensual plan to transfer its direct to consumer business to Coldwater Creek and to wind down its brick and mortar retail stores

Bankrupt AI Startup Vesttoo Accuses Founders of Forgery, Impersonation: The co-founders of Israeli artificial intelligence startup Vesttoo ran a forgery scheme that included a fake bank employee persona to obtain billions of dollars in bogus letters of credit for insurance deals, the now-bankrupt company said.

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