Bankruptcy & Restructuring News Headlines for Wednesday Oct 6, 2021

Here's what we are reading this morning:

Ozy Media's Carlos Watson Says It Is ‘Going to Open for Business' - The New York Times: Mr. Watson, the head of Ozy Media, said in an interview on NBC’s “Today” show that Ozy “is going to open for business.” Ron Conway, an early investor, was critical of his remarks.

Facebook Is Weaker Than We Knew - The New York Times: A trove of leaked documents, published by The Wall Street Journal, hints at a company whose best days are behind it.

The workers who keep global supply chains moving are warning of a 'system collapse' - CNN: Seafarers, truck drivers and airline workers have endured quarantines, travel restrictions and complex Covid-19 vaccination and testing requirements to keep stretched supply chains moving during the pandemic.

Before California oil spill, Amplify Energy had other issues - Los Angeles Times: Amplify Energy Corp., the owner of the offshore oil operation, had recently emerged from bankruptcy, while a subsidiary amassed numerous federal noncompliance incidents.

Exclusive: U.S. Justice Department probes suspected manipulation of Platts benchmarks -sources | Reuters: The U.S. Department of Justice is investigating suspected manipulation of energy pricing benchmarks published by S&P Global Platts, expanding the agency's crackdown on misconduct in the global commodities market, according to four people familiar with the matter.

Platinum’s Yak Access Lenders Tap Evercore Amid Liquidity Fears: A group of first-lien lenders to Yak Access are working with investment bank Evercore to help navigate the mat supplier’s weak earnings and liquidity pressures, according to people with knowledge of the situation.

Hertz names ex-Ford CEO Mark Fields as interim CEO: Shares of Hertz were up by as much as 13.3% following the car rental company naming former Ford CEO Mark Fields as its interim chief executive officer.

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