Bankruptcy & Restructuring News Headlines for Wednesday Oct 27, 2021

Here's what we are reading this morning:

Luckin Coffee in $175 million class action settlement over accounting fraud | Reuters: Luckin Coffee Inc reached a $175 million settlement of shareholder class-action claims that the Chinese rival to Starbucks fraudulently inflated its share price by falsifying revenue.

China's Modern Land defaults on bond payment; property shares drop | Reuters: Modern Land defaulted on a bond payment, the latest Chinese property developer to do so, adding to worries about the wider impact of the debt crisis at behemoth China Evergrande Group , and weighing on shares in the sector.

Mexican hotel chain Grupo Posadas files for Chapter 11 in U.S. | Reuters: Mexico's Grupo Posadas has filed for Chapter 11 bankruptcy protection in a U.S. court, the hotel chain said on Tuesday, after its business was hit by the global coronavirus pandemic.

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