Bankruptcy & Restructuring News Headlines for Wednesday Feb 7, 2024

Here's what we are reading this morning:

Vacancy - Bankruptcy Judgeship - District of New Jersey: Chief Judge Michael A. Chagares of the United States Court of Appeals for the Third Circuit announces the application process for a bankruptcy judgeship in the District of New Jersey, seated in Trenton.

Adam Neumann Wants to Take Over WeWork - The New York Times: Adam Neumann, the co-working company’s onetime chief, has sought for months to buy the now-bankrupt business, but accuses its current leaders of stonewalling him.

Adam Neumann Tries to Buy Back WeWork as Creditors Mull a Sale - WSJ: WeWork executives have been cool to Neumann’s interest and it is unclear how much financial backing he has

Wall Street worries banks aren't worried enough about commercial real estate as NYCB turmoil mounts: Regional banks have been setting aside more money to deal with future losses on commercial real estate. Some analysts now fear it hasn't been enough.

Moody’s Cuts NYCB to Junk, Extending Sharp Decline in Shares - WSJ: Moody’s Investors Service cut New York Community Bancorp’s credit rating two notches to junk late Tuesday, delivering another blow to the besieged Hicksville, N.Y., lender.

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