Here's what we are reading this morning:
Zohar Funds Urge Chancery To End Tilton Hold On Stila Styles - Law360: Attorneys for noteholders battling distressed debt entrepreneur Lynn Tilton urged a Delaware vice chancellor on Friday to rule invalid Tilton's claim to control of cosmetics venture Stila Styles LLC.
Brazos Electric Tries to Escape $1.1 Billion of Storm Charges - Bloomberg: It was a $1.9 billion bill that forced Brazos Electric Power Cooperative, one of Texas’ oldest and most creditworthy power sellers, into bankruptcy last year. Now a federal judge is being asked to make more than half the sum disappear.
Transport for London may go bankrupt without extra funds, claims mayor | Sadiq Khan | The Guardian: Sadiq Khan is seeking new investment from Whitehall after collapse in passenger numbers due to Covid