Bankruptcy & Restructuring News Headlines for Wednesday Apr 17, 2024

Here's what we are reading this morning:

Survivors Overwhelmingly Reject The Roman Catholic Diocese of Rockville Centre's Plan Of Reorganization: Pachulski Stang Ziehl & Jones: On April 12, the Diocese filed a motion to dismiss its own bankruptcy because the Survivors rejected its plan. The hearing on the motion to dismiss is scheduled for May 9.

Oberweis Dairy files for bankruptcy after failing to find a buyer: The family-owned dairy has dozens of ice cream stores and shelf space in grocery stores across the Midwest.

MMA Law Firm accused of LA hurricane fraud files bankruptcy | Business News | A Texas law firm accused in a scheme to file thousands of lawsuits against insurers after major hurricanes in Louisiana has filed for bankruptcy protection.

Red Lobster Mulls Filing for Bankruptcy to Fix Balance Sheet: Seafood restaurant chain Red Lobster is mulling a Chapter 11 bankruptcy filing as it looks to restructure its debt, according to people with knowledge of the matter.

Ex-Owner of Parler Social-Media App Files for Chapter 11 Bankruptcy - WSJ: Parlement Technologies, which sold the platform last year, seeks protection from creditors with a petition signed by Republican donor Rebekah Mercer

Superdry to Quit London Stock Exchange in Major Rescue Plan - BNN Bloomberg: The British clothing chain, which soared to popularity in the 2000s for its bold lettered tops, said delisting from the stock market, raising more funds and implementing a program to cut some UK store rents and payments owed to local authorities will help it revive the core business.

One of St. Louis’ Tallest Office Towers, Empty for Years, Sells for Less Than 2% of Its Peak Price: On a per-square-foot basis, the tower’s value over 18 years dropped from about $140 to $2.50, according to CoStar data

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