Bankruptcy & Restructuring News Headlines for Wednesday Aug 3, 2022

Here's what we are reading this morning:

As inflation bites, retailers cut guidance | Retail Dive: Since June, at least four major retailers have made significant updates to their financial outlooks.

NY's AG Seeks Whistleblowers Amid 'Concerning' Crypto Drop - Law360: New York Attorney General Letitia James said Monday that she wants to hear from would-be whistleblowers in the state about potential fraud or other misconduct they've encountered in the cryptocurrency industry, citing "concerning" recent investor losses and volatility in the digital asset market.

Profits Slump at CNN as Ratings Plummet - The New York Times: The network is on a pace to drop below $1 billion in profit for the first time in years, according to people familiar with its operations, amid steep declines in TV viewership.

Robinhood cutting about 23% of jobs, releases second-quarter earnings: Robinhood CEO Vlad Tenev said Tuesday in a press release that the company will reduce its headcount by approximately 23%.

Avaya, Goldman, JPMorgan Face Lender Ire After Loan’s Collapse - Bloomberg: Investors fuming over the rapid collapse of a leveraged loan issued in June have hired a law firm to examine legal options over what they view as inadequate disclosures during the debt’s marketing process.

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