Here's what we are reading this morning ..read more

Here's what we are reading this morning: Rivian lays off more workers: Rivian is undergoing another round of layoffs. Its the company's fourth wave of job cuts in recent years. Azul (AZUL) in Talks with Gol (GOLLQ) for Brazil Airline Merger - Bloomberg: Azul SA’s pursuit of a merger with Gol Linhas Aereas Inteligentes SA has gained momentum, with talks underway for a deal with the controlling shareholder of the rival Brazilian airline, according to people familiar with the matter. Inside the fall of the iconic L.A. chain 99 Cents Only - Los Angeles Times: The deep-discount retailer started ..read more

Here's what we are reading this morning ..read more

Here's what we are reading this morning: Survivors Overwhelmingly Reject The Roman Catholic Diocese of Rockville Centre's Plan Of Reorganization: Pachulski Stang Ziehl & Jones: On April 12, the Diocese filed a motion to dismiss its own bankruptcy because the Survivors rejected its plan. The hearing on the motion to dismiss is scheduled for May 9. Oberweis Dairy files for bankruptcy after failing to find a buyer: The family-owned dairy has dozens of ice cream stores and shelf space in grocery stores across the Midwest. MMA Law Firm accused of LA hurricane fraud files bankruptcy | Busines ..read more

Here's what we are reading this morning: Michaels gets S&P upgrade on improved performance and credit metrics | Retail Dive: But topline trends in the arts and crafts retail sector are likely to stay soft in 2024 as inflation persists, analysts say Peloton quietly drops unlimited free app membership because it failed to bring in paid subscribers: “That free tier was cannibalizing our funnel and conversion to free trial and then to pay,” finance chief Liz Coddington said at a Morgan Stanley conference in March. Daniel B. Besikof Joins Lowenstein Sandler as Partner in the Bankruptcy & ..read more

Here's what we are reading this morning: BNPL users report problems with overspending, missed payments: survey | Retail Dive: Consumers are using buy now, pay later services to spread out their cash flow, according to a new Bankrate report.  The Honorable Judge Kevin J. Carey (Ret.) | Hogan Lovells: We are extremely saddened by the passing of our colleague, the Honorable Kevin J. Carey (ret.). Judge Carey, a lion of the bankruptcy bar, was most recently Senior Counsel in Hogan Lovells’ Restructuring and Special Situations practice in the Philadelphia office. Faraday Future fa ..read more

Here's what we are reading this morning: VistaJet Yearly Earnings Drop as Private Jet Firm’s Debt Pile Grows - Bloomberg: VistaJet Group Holding Ltd., one of the world’s biggest private jet firms, saw its adjusted earnings drop roughly 5% last year as it debts mounted, according to documents seen by Bloomberg. Dollar stores are shutting down across America. They did this to themselves | CNN Business: Years of strategic mistakes and underinvestment have plagued Family Dollar and 99 Cents Only, retail analysts say. Both brands were acquired by other companies and faltered under their new owner ..read more

Here's what we are reading this morning: North Carolina Judges Are Shaping ‘Two-Step’ Bankruptcy Future: A Charlotte, N.C., bankruptcy court has taken a leading role in interpreting an increasingly controversial litigation maneuver, paving the way for potential clashes at higher venues—including the US Supreme Court. Milwaukee Marriott Downtown files for bankruptcy - Milwaukee Business Journal: Milwaukee Marriott Downtown is the latest city hotel with financial struggles ..read more

Here's what we are reading this morning: Adam Aron: "It's Inconceivable That AMC Would File for Chapter 11": The CEO of the world's largest movie theater chain is in Las Vegas this week for CinemaCon, where AMC's fate is a hot topic among rivals and major studios ..read more

Here's what we are reading this morning: 99 Cents Only Stores Files for Voluntary Chapter 11 Protection to Facilitate Wind-Down of Business Operations and Pursue Value Maximizing Sale of its Real Estate and Other Assets: The Company has secured $60.8 million in senior secured super priority debtor-in-possession financing consisting of $35.5 million in new money to be provided by an entity affiliated with certain of the Company's existing stakeholders, subject to court approval, to facilitate the wind-down and pursue a value maximizing sale of its real estate and other assets. Movie Theaters ..read more