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☆ AMC Fights Meme-Stock Investors in Court
▼ + stars: | 2023-06-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

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Organizations: Wall Street

☆ Instant Pot’s Slower Sales Tip Gadget Maker Into Bankruptcy
▼ + stars: | 2023-06-12 | by ( Alexander Gladstone | Jodi Xu Klein | ) www.wsj.com time to read: 1 min

Organizations: Wall Street

☆ Private Dances: Lotto Royale Offers a ‘Door to an Experience’
▼ + stars: | 2023-06-09 | by ( Gia Kourlas | ) www.nytimes.com time to read: +1 min

The refreshing part of being one on one, Brooks said, is that it takes the preciousness away from performance. At the same time, “I feel like there’s so much fear in public,” they said. These kinds of art projects could be interventions, happenings that open up ways to just be a little bit more courageous in public — and caring. “We actually have to work our capacity to be with the needs of others,” Bakst said. I feel like this frame can be an invitation to work that muscle.”

Persons: Brooks, ”, “, Julia Gladstone —, It’s, Bakst, Lauren Berlant’s, Gladstone, ” Bakst Locations: York

☆ ‘Anatomy of a Fall’ wins Palme d’Or at Cannes Film Festival
▼ + stars: | 2023-05-27 | by ( ) www.cnbc.com time to read: +4 min

The 76th Cannes Film Festival - The Palme d'Or Award - Cannes, France, May 16, 2023. A Chopard representative displays the Palme d'Or, the highest prize awarded to competing films, during an interview on the day of the opening ceremony of the festival. Justine Triet's "Anatomy of a Fall" won the Palme d'Or at the 76th Cannes Film Festival in a ceremony Saturday that handed the festival's prestigious top prize to a twisty French Alps courtroom drama. "Anatomy of a Fall," which stars Sandra Hüller as a writer trying to prove her innocence in her husband's death, is only the third film directed by a woman to win the Palme d'Or. Quentin Tarantino, who won Cannes' top award for "Pulp Fiction," attended the ceremony to present a tribute to filmmaker Roger Corman.

☆ 'Killers of Flower Moon' star says Native Americans need allies like Scorsese
▼ + stars: | 2023-05-21 | by ( ) www.reuters.com time to read: +2 min

[1/4] The 76th Cannes Film Festival - Photocall for the film "Killers of the Flower Moon" Out of Competition - Cannes, France, May 21, 2023. In the film "Killers of the Flower Moon", which premiered at this year's Cannes Film Festival, Gladstone plays Mollie Burkhart, a member of the Osage Nation whose family members die under suspicious conditions in 1920s Oklahoma. Because of his global reputation, Scorsese was uniquely placed to dispel the myths that have prevailed, she said. Referring to deceptions that have prevailed, Gladstone asked: "Why the hell does the world not know about these things? In the film, Gladstone marries her white driver Ernest Burkhart (Leonardo DiCaprio), whose uncle is the "King of the Osage Hills" William Hale (Robert De Niro).

☆ Leonardo DiCaprio and Martin Scorsese’s ‘Killers of The Flower Moon’ gets raucous applause at Cannes premiere
▼ + stars: | 2023-05-21 | by ( Alli Rosenbloom | ) edition.cnn.com time to read: +2 min

CNN —Longtime collaborators Leonardo DiCaprio, Robert De Niro and Martin Scorsese continue to create magic at the movies. Their latest project, true-crime drama “Killers of The Flower Moon” starring DiCaprio and De Niro, premiered at the swanky Cannes Film Festival on Saturday and the post-screening reception was instantly impressive with a minuteslong standing ovation. A video posted to the Cannes Film Festival’s YouTube channel shows the audience inside the Grande Theatre Lumiere exuberantly applauding the movie for at least seven minutes, with more applause coming after director Scorsese thanked the audience. (From left) Robert De Niro and Leonardo DiCaprio in Martin Scorese's 'Killers of the Flower Moon.' The cheers and applause grew louder for DiCaprio, De Niro and Lily Gladstone, who were all in attendance at the premiere.

☆ Scorsese's eagerly awaited 'Killers of the Flower Moon' premieres at Cannes
▼ + stars: | 2023-05-20 | by ( ) www.reuters.com time to read: +1 min

[1/7] The 76th Cannes Film Festival - Screening of the film "Killers of the Flower Moon" Out of Competition - Red Carpet Arrivals - Cannes, France, May 20, 2023. Cast members Tantoo Cardinal, Leonardo... Read moreCANNES, May 20 (Reuters) - Martin Scorsese's "Killers of the Flower Moon," one of the most anticipated premieres of this year's Cannes Film Festival, had the red carpet abuzz on Saturday evening as its star-studded cast attracted throngs of fans to the Croisette boulevard. Apple has teamed up with Paramount Pictures to release the film exclusively in theatres on Oct. 6 before streaming it - one of the preconditions of being eligible to compete at Cannes. Scorsese won Cannes' top prize with 1976's "Taxi Driver," starring De Niro. Reporting by Miranda Murray; editing by Clelia OzielOur Standards: The Thomson Reuters Trust Principles.

☆ Some Investors Aren’t Giving Up on Bed Bath & Beyond
▼ + stars: | 2023-05-17 | by ( Gunjan Banerji | Alexander Gladstone | ) www.wsj.com time to read: 1 min

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☆ Her Novel Became a Best Seller. The Trouble: The Manuscript Was Stolen.
▼ + stars: | 2023-05-16 | by ( Amal El-Mohtar | ) www.nytimes.com time to read: +3 min

If this reads as a quite on-the-nose critique of contemporary conversations about race and appropriation, that’s because it is. It is in fact so obvious that it makes one wonder why Kuang uses the device of an unreliable narrator at all. Instead, June’s methodology is consistently to tell the reader her trespasses and offer flimsy justifications for them. These moments suggest the kinds of layers and intrigue the book could have maintained if it weren’t so committed to showing its hand. “Yellowface” is a kind of Art Monster story, but one that can’t allow room for ambiguity or revelation without rushing in to fill that space.

☆ Convicted Pharma Fraudster Shkreli’s Companies File For Bankruptcy
▼ + stars: | 2023-05-10 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Vyera Pharmaceuticals, the company that Martin Shkreli founded and used to conduct a securities fraud that landed him in prison, filed for bankruptcy Wednesday. Vyera, its Swiss parent company Phoenixus and several affiliates filed for protection in the U.S. Bankruptcy Court in Wilmington, Del. after the reputational harm from Mr. Shkreli’s fraud hampered them from opening bank accounts, commercializing products or raising capital, court papers say. A lawyer who has represented Mr. Shkreli didn’t immediately respond to a request...

☆ Bed Bath & Beyond Preparing for Bankruptcy Filing Within Days
▼ + stars: | 2023-04-19 | by ( Soma Biswas | Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc. is preparing a bankruptcy filing for as early as this weekend as its falling stock price makes it near impossible to raise enough capital to avert default, according to people familiar with the matter. The embattled retailer recently said it needed to raise $300 million from share sales by April 26 to stay out of chapter 11. The company will have to stop selling stock by that date, when it would lose eligibility to continue under its share registration documents. Given the stock’s closing price on Wednesday of 46 cents, Bed Bath & Beyond faces long odds to raise that amount of money within that time.

☆ National CineMedia Files for Bankruptcy as Latest Casualty of Cinema Slump
▼ + stars: | 2023-04-12 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

National CineMedia LLC, the largest movie-theater advertisement business in North America, filed for bankruptcy Tuesday after facing years of challenges from reduced attendance at cinemas due to the Covid-19 pandemic coupled with the growing competitive threat posed by streaming. NCM LLC filed its chapter 11 petition in the U.S. Bankruptcy Court in Houston with a prearranged agreement with lenders to trade roughly $1 billion in debt for full ownership of the business, the main operating entity of publicly traded parent company...

☆ McKinsey Winding Down Firm’s Bankruptcy Practice
▼ + stars: | 2023-04-04 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Consulting firm McKinsey & Co. is winding down its bankruptcy practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said. Some McKinsey partners who had previously focused on bankruptcy advisory work in the firm’s recovery and transformation services, or RTS, division have either been leaving the firm or pivoting to other kinds of work, the people said.

☆ McKinsey Is Shutting Down Its Restructuring Business
▼ + stars: | 2023-04-04 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Consulting firm McKinsey & Co. is shutting down its corporate-restructuring practice after numerous lawsuits and government investigations concerning the division’s work advising troubled borrowers, people familiar with the matter said. McKinsey has announced internally that its restructuring division would close, the people said. The consulting firm laid off some partners in its restructuring unit, called McKinsey RTS, while others are being absorbed into other practices, they said.

☆ Bed Bath & Beyond Terminates Hudson Bay Deal, Turns to Market To Raise $300 Million
▼ + stars: | 2023-03-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

☆ Bed Bath & Beyond Ends Hudson Bay Deal, Turns to Market for $300 Million to Avoid Bankruptcy
▼ + stars: | 2023-03-30 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc. said it will try to sell up to $300 million of common stock in the open market while terminating a fundraising deal with hedge fund Hudson Bay Capital Management LP in the latest effort by the troubled home-goods retailer to stave off bankruptcy. The Union, N.J.-based company broke off its equity-raising deal with Hudson Bay after reporting another sharp drop in sales in the most recent quarter. Bed Bath & Beyond also said that if its public offering fails to come through, the company expects to file for bankruptcy protection, likely wiping out holders of its common stock.

☆ Bed Bath & Beyond Stock Falls 21%, Complicating Further Fundraising
▼ + stars: | 2023-03-20 | by ( Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc.’s shares fell 21% Monday after the retailer disclosed substantial dilution from a recent equity deal, potentially preventing it from raising more money from a crucial investor, hedge fund Hudson Bay Capital Management LP. The home-goods retailer’s stock closed at 81 cents Monday, after it said Friday that the number of its common shares had nearly tripled to at least 335 million as of March 15 from 117 million as of late January.

The fortunes of MLB players are tied to team revenues, and players are closely watching any changes to sports TV. Two of the largest regional sports broadcasters in the U.S. are on the verge of unraveling, an event that is expected to alter how professional teams are funded and how fans tune in to the games. Diamond Sports Group LLC , which carries the games of more than 40 major sports teams across the country on its Bally Sports-branded networks, is expected to file for bankruptcy in coming weeks, which people involved expect to lead to a renegotiation of rights fees—a significant part of teams’ revenue.

☆ Toronto-Dominion to Pay $1.2 Billion to Settle R. Allen Stanford Ponzi Litigation
▼ + stars: | 2023-02-27 | by ( Alexander Gladstone | Adriano Marchese | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond’s storied brand and the passionate interest of individual investors helped the retailer secure a lifeline. Sue Gove wanted to keep Bed Bath & Beyond Inc. out of bankruptcy. Few believed it was possible. Alarmed by the retailer’s deteriorating finances, banks in January had cut off their credit lines and pushed for the company to start a liquidation, including selling off inventory, to repay their loans, said people familiar with the matter.

☆ Bed Bath & Beyond to Shut Down Canadian Stores in Bankruptcy
▼ + stars: | 2023-02-10 | by ( Soma Biswas | Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond Inc.’s Canadian division will shut down its stores under court protection after the company received an unusual lifeline earlier this week to save its U.S. operations from bankruptcy. The troubled retailer filed its Canadian division for protection under the Companies’ Creditors Arrangement Act, Canada’s rough equivalent of chapter 11 bankruptcy. Bed Bath & Beyond has “reluctantly concluded” that even with the lifeline of its recent equity raise, there isn’t enough capital available both to restructure its U.S. business and bring the Canadian business to profitability, the company said in filings with an Ontario court.

☆ The Investor Behind the $1 Billion Bet on Bed Bath & Beyond
▼ + stars: | 2023-02-08 | by ( Gregory Zuckerman | Alexander Gladstone | ) www.wsj.com time to read: 1 min

Bed Bath & Beyond is shutting dozens more stores as part of its plan to stay in business. Why would a well-established hedge fund and other investors spend as much as $1 billion to purchase the equity of a retailer on the verge of bankruptcy—a move that could wipe out that equity? That is what some on Wall Street are asking after Hudson Bay Capital Management and others agreed to invest in struggling Bed Bath & Beyond Inc.

Bed Bath & Beyond put together a financing package that gives it some breathing room as it struggles to survive. Bed Bath & Beyond Inc. couldn’t get banks to lend it money, but the troubled retailer found one hedge fund willing to bet on its stock. Bed Bath & Beyond landed a do-or-die rescue deal that takes bankruptcy off the table for now. Shares, which have surged in recent weeks despite the company’s dire situation, tumbled by nearly 50% early Tuesday as the new financing will dilute existing shareholders.

Bed Bath & Beyond put together a financing package that gives it some breathing room as it struggles to survive. Bed Bath & Beyond Inc. couldn’t get banks to lend it money, but the troubled retailer found investors willing to bet on its survival. Bed Bath & Beyond landed a do-or-die rescue deal that takes bankruptcy off the table for now. Shares, which have surged in recent weeks despite the company’s dire situation, tumbled by nearly 50% early Tuesday as the new financing will dilute existing shareholders.

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