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Modell's Sporting Goods has again turned to strategic advisory firm Berkeley Research Group and law firm Cole Schotz for restructuring advice after a rough several months, but CEO Mitchell Modell said that a bankruptcy filing is off the table for now. (Retail Dive)
Investment banks with restructuring arms—Evercore, PJT Partners, Moelis, Greenhill, Houlihan—reported earnings last week and the numbers were strong. (Petition)
Chinese airlines are rushing to refinance their fleets as they struggle with the impact of the coronavirus outbreak, according to the head of Avolon, one of the world’s largest aviation leasing companies. (FT)
Facing a possible bankruptcy due to sex-abuse litigation, the Boy Scouts of America issued a new apology Tuesday to survivors of abuse and announced plans for expanded services to support them. (AP)
A new startup named Reset Button is attempting to make it easier for indebted student loan borrowers to declare bankruptcy. (Yahoo)
Hollar, an e-commerce company that raised more than $75 million in VC funding, is expected to wind down soon. (Axios)
PG&E Corp.’s plan to emerge from bankruptcy faced another threat from California Gov. Gavin Newsom during a Tuesday court hearing that set the stage for a potentially dramatic showdown later this month. (KCRA)
The tentative agreement between Puerto Rico’s financial oversight board and investors brings together rival bondholder groups that had been holding out for better terms. (Bloomberg)
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