Bankruptcy & Restructuring News Headlines for Wednesday Sep 14, 2022

Here's what we are reading this morning:

Alex Jones Faces Connecticut Jury Weighing Damages to Sandy Hook Families - WSJ: A Connecticut jury on Tuesday is expected to begin considering how much Alex Jones should pay for making defamatory statements about the Sandy Hook Elementary School massacre, a case in which victims’ families are seeking to deal a new financial blow to the far-right media personality.

U.S. Banks Lost a Record $370 Billion in Deposits Last Quarter - WSJ: The outflows will fuel a debate about how the Fed’s inflation-calming moves are going to play out in the banking system.

US inflation slows for 2nd month but remains stubbornly high | AP News: U.S. inflation slowed for a second straight month on a sharp fall in gas prices, yet excluding energy most other items got more expensive in August, a sign that inflation remains a heavy burden for American households.

Dynamic Light files for Chapter 7 bankruptcy - Austin Business Journal: Dynamic Light was founded in 2018, and its mission is “to enable real-time blood flow imaging to improve patient care and lower health care costs,” according to its website.

Celsius Network Plots a Comeback After a Crypto Crash - The New York Times: The chief executive of the experimental crypto bank Celsius has told employees about an audacious plan to revive the firm, which filed for bankruptcy in July.

Borrego Health files for Chapter 11 bankruptcy, clinics will remain open - KESQ: Borrego’s legal filing is driven by the August 19th notification from the State of California Health and Human Services Agency – Department of Health Care Services (DHCS) that the state intends to reimpose its 100% payment suspension on all Borrego Health Medi-Cal services beginning Sept. 29.

South Korea Seeks the Arrest of Terraform Labs Founder Do Kwon - Bloomberg: A court in South Korea issued an arrest warrant for Do Kwon, the founder of the Terraform Labs cryptocurrency ecosystem, whose $40 billion wipeout earlier this year sparked a global crypto rout.

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