Here's what we are reading this morning:
Greenspoon Marder Adds Bankruptcy Firm SulmeyerKupetz - Law360: Greenspoon Marder LLP has added all nine attorneys from Los Angeles bankruptcy boutique SulmeyerKupetz, the firm announced Monday.
Greenspoon Marder Expands Bankruptcy Practice Group With The Addition of Nine New Attorneys in Downtown Los Angeles - Greenspoon Marder LLP: Greenspoon Marder is pleased to announce the expansion of the firm’s Bankruptcy & Reorganization practice group with the addition of a dedicated team of bankruptcy professionals that comprises nine attorneys and eight staff members from SulmeyerKupetz – one of the premier business, financial restructuring and litigation firms in California.
Gopuff Is Cutting 10% Jobs in US, Closing Warehouses to Preserve Cash - Bloomberg: Gopuff is slashing 10% of its global workforce and closing dozens of warehouses, reining in spending following signs the delivery company expanded too quickly during the pandemic.
World’s Biggest Pot Economy Just Inhaled More Fiscal Stimulus - Bloomberg: Last week, the world's largest cannabis market was granted a generous package of tax cuts. If successful, the impact may be felt across the globe. That’s because California isn’t just the world’s biggest and oldest pot economy — its massive illicit marijuana market also has an outsize influence across the industry.
Three Arrows Crypto Hedge Fund’s Founders at Odds With Liquidators - WSJ: Court-appointed liquidators for cryptocurrency hedge fund Three Arrows Capital said its founders can’t be located and aren’t cooperating in the investigation of its assets, allegations that the founders denied.
2nd Look at Local Housing Markets in June | CalculatedRisk Newsletter: Sales Down Sharply Year-over-year
Endo Moving Toward Bankruptcy Filing Without Opioid Settlement Deal - WSJ: Without a deal with opioid plaintiffs after years of negotiations, the pharmaceutical company is considering filing for bankruptcy as a means to restructure its more than $8 billion of debt and thousands of outstanding lawsuits, according to people familiar with the matter.
Twitter Sues Musk After He Tries Backing Out of $44 Billion Deal - The New York Times: The question of whether Elon Musk must buy Twitter, as he agreed to do in April, is headed to a court in Delaware.