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Bankruptcy & Restructuring News Headlines for Wednesday Sep 25, 2019

September 25, 2019

Here's what we are reading this morning:

WeWork’s Adam Neumann Steps Down as CEO - WSJ

WeWork, Bankers Have Discussed Laying Off One-Third of Workforce — The Information

Nio's stock tumbles after loss widens, sales fall and job cuts planned - MarketWatch

Hedge Funds in Line for $250 Million on Thomas Cook CDS Payout - Bloomberg

Juul Prepares Staff Shake-Up Amid U.S. Crackdown - WSJ

Allison McNeely (Bloomberg): "McDermott, the engineering firm that provides services to oil and gas companies, is said to be seeking a bridge loan to tide it over until it can sell assets."

Swedish Coffee Shop Fika Closes All NYC Cafes - Eater NY

Bankruptcy Judge Caryl E. Delano appointed Chief Bankruptcy Judge for the Middle District of Florida

Kik shuts down once popular messaging app - CNN




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