QVC will seek final approval of its bankruptcy funding, e-commerce group Food52 will vie for confirmation of its liquidation plan, and First Brands Group will also court a judge's approval of its Chapter 11 plan.
As attitudes toward cannabis have relaxed in recent years in the U.S., Weil Gotshal & Manges LLP partner David J. Cohen saw an opening to restructure The Cannabist Co. Holdings Inc.'s business with Chapter 15 recognition of its Canadian insolvency proceeding, a strategy that hadn't been tried by any other marijuana businesses.
Spanish language TV and radio broadcaster Spanish Broadcasting System Inc. filed for bankruptcy, citing changes in political advertising spending and a shifting audio media landscape that has sent other radio station operators to Chapter 11 in recent years.