Bankruptcy & Restructuring News Headlines for Wednesday Jun 12, 2024

Here's what we are reading this morning:

Diamond industry 'in trouble' as lab-grown gemstones tank prices further: “A diamond is forever,” but perhaps not for the increasing number of consumers spurning the gemstone for lab-grown counterparts, gold and even other colored gemstones.

Beyond Traditional Financing: Exploring Equity-Linked DIP Strategies in WeWork and Enviva | Insights | Skadden, Arps, Slate, Meagher & Flom LLP: Recent examples from WeWork and Enviva illustrate how stakeholders are leveraging this innovative tool to drive broader reorganization strategies and outcomes rather than as a mechanism solely providing interim financing to fund a debtor’s operations during the pendency of its bankruptcy case

42 States Announce $700 Million Johnson & Johnson Settlement - New Jersey Office of Attorney General: Attorney General Matthew J. Platkin and the Division of Consumer Affairs, together with 42 other Attorneys General, today announced that they reached a $700 million nationwide settlement with Johnson & Johnson to resolve allegations related to the marketing of talc-based baby powder and body powder products

Billionaire investor Ryan Cohen beats Bed Bath & Beyond shareholder lawsuit: U.S. District Judge Dale Ho in Manhattan said two former Bed Bath & Beyond shareholders could not force Cohen to return profits from selling his estimated 11% stake because the retailer’s subsequent bankruptcy mooted their claims.

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