Bankruptcy & Restructuring News Headlines for Tuesday Sep 6, 2022

Here's what we are reading this morning:

Movie Theaters Had a Great Summer. But There’s a Plot Twist. - The New York Times: Hits like “Top Gun: Maverick” seemed to lead a revival, yet one chain is preparing for bankruptcy, another is awash in debt and blockbusters are in short supply.

Bed Bath & Beyond Faces Leadership Gap After Executive’s Death - WSJ: A new team will handle finances and the holiday season after the death of CFO Gustavo Arnal and departures of other senior executives.

Withdrawals frozen at crypto mining firm Poolin amid 'liquidity problems': Poolin, one of the world's biggest crypto mining pools, is suspending bitcoin and ether withdrawals from its wallet service due to "liquidity problems."

Covenants violated by second junk downgrade for Ohio-based ProMedica | Bond Buyer: COVID-19 worsened the fiscal picture for the senior care, insurance, and hospital operator, but it faced rating pressure before the pandemic.

Clarus Therapeutics Holdings, Inc. Announces Plan for Near-Term Sale of JATENZO® Using Structured Process Through Chapter 11 of the U.S. Bankruptcy Code: Clarus Therapeutics Holdings, Inc. (OTC: CRXT) and its wholly-owned subsidiary Clarus Therapeutics, Inc. have filed voluntary petitions under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware

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