Bankruptcy & Restructuring News Headlines for Wednesday Dec 22, 2021

Here's what we are reading this morning:

Rite Aid to close about 60 stores, with more likely to come | Retail Dive: With losses mounting again, the drugstore retailer is trying to cut costs as it reevaluates its footprint. 

Limetree Bay Refining Gets Approval for $62 Million Bankruptcy Sale to New Buyers: Limetree Bay Refining received approval from a bankruptcy judge to sell its refining operations for $62 million to a pair of Caribbean oil companies that plan to restart the U.S. Virgin Islands-based refinery despite two bankruptcies in under 10 years and a long history of pollution.

COVID-19 Debt and Bankruptcy Infrastructure – Harvard Law School Bankruptcy Roundtable: By Robert K. Rasmussen (USC Gould School of Law)

Lingering Virus, Lasting Inflation: A Fed Official Explains Her Pivot - The New York Times: Mary Daly, president of the Federal Reserve Bank of San Francisco, wanted to withdraw economic help slowly. Now, she might support a rate increase as soon as March.

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