Red Lobster Exits Chapter 11 Bankruptcy With New Owners, CEO - WSJ: Former P.F. Chang’s CEO Damola Adamolekun takes the helm of the resurrected seafood restaurant chain
Yellow Loses Pension Ruling, Upending Shareholder Bankruptcy Bets: A bankruptcy judge ruled that failed trucker Yellow can’t escape its pension withdrawal liability, dealing a blow to other creditors and sending shares in the remnants of the business spiraling downward.
Tupperware Brands Plans to File for Bankruptcy - Bloomberg: Tupperware Brands is preparing to file for bankruptcy as soon as this week, according to people with knowledge of the plans, following a years-long effort to revive the business amid waning demand
Byju’s Bankruptcy Ruling in US Catches Indian Official Off Guard: A US court ruling that placed into bankruptcy units associated with Indian education technology company Byju’s took an official in the firm’s home country by surprise
Silver Point Closes $4.6 Billion Fund for Opportunistic Credit: The fund, more than double the size of a predecessor vehicle, is focused on investing in global market dislocations including traded credit and restructuring, the statement said. With the close, Silver Point now manages about $31 billion of assets across strategies including direct lending and structured credit.
