AGG’s Restructuring Roundup newsletter is a monthly update of legal issues and news affecting or related to commercial litigation and bankruptcy. The newsletter is a curation of published articles and news, and contains original content developed by AGG’s Bankruptcy, Creditors’ Rights, & Financial Restructuring attorneys.
Industry News
UAE Launches Specialized Bankruptcy Court to Expedite Financial Disputes
July 25, 2025 (MSN.com)
In a landmark move to strengthen investor confidence and streamline insolvency proceedings, the United Arab Emirates has officially launched a dedicated Bankruptcy Court, signaling a major overhaul in how the nation handles financial distress and business restructuring cases.
125-year-old retail brand files Chapter 7 bankruptcy, closes
July 24, 2025 (TheStreet)
Americans rarely think about where there food comes from. We've been lucky enough as a nation that shortages have been rare. The Covid pandemic changed that and taught pretty much everyone the words "supply chain." Disruptions in the supply chain caused explainable shortages, like when toilet paper and hand sanitizer were hard to find, and trickier ones, such as when Sriracha hot sauce was sold out everywhere. The Federal Trade Commission (FTC) actually released a report attempting to explain what happened.
Pro bull riding league files objection to Dr. Phil’s media bankruptcy
July 24, 2025 (MSN.com)
Professional Bull Riders, the largest bull-riding league in the world, has filed an objection to the bankruptcy proceedings of Dr. Phil McGraw’s media network, claiming it is owed $181 million.
Chapter 11 bankruptcy firm to pay $1.9 billion to creditors
July 24, 2025 (Yahoo! Finance)
FTX, the crypto exchange that went bankrupt in November 2022, announced on July 23 that the record date for claim holders is Aug. 15 and it will begin the next round of creditor claim distribution on Sep. 30.
Monster + Careerbuilder job sites sell for $28m in bankruptcy
July 21, 2025 (Reuters)
CareerBuilder + Monster plans to sell its once-dominant online job boards to Bold Holdings for $28 million, after a bankruptcy auction nearly quadrupled an initial offer for those assets. CareerBuilder + Monster, which filed for Chapter 11 protection in June, announced the winning bid in court documents.
Private investment platform Linqto files for bankruptcy amid SEC scrutiny
July 8, 2025 (Reuters)
Linqto, the investment platform that let users access shares of privately held companies, filed for bankruptcy, citing challenges stemming from alleged securities law violations. The company's move comes after months of investigation by the Securities and Exchange Commission and the Financial Industry Regulatory Authority, Wall Street's self-regulator.
