Malhar Pagay

I develop strategic alternatives for & against #distressed #business Opinions mine. #restructuring #corporate #bankruptcy #law #reorganization #chapter11 #dogs

[Malhar Pagay @MalharSPagay]

Jack Dorsey lays off 4,000, says others will do same 'within the next year' https://t.co/hgrQM7h24S via @SFGate

“Intelligence tools have changed what it means to build and run a company … A significantly smaller team, can do more and do it better.”

[The New York Times @nytimes]

Bed Bath & Beyond said Sunday that it filed for bankruptcy, after the 52-year-old retailer failed to fully reckon with the rise of online shopping. Closing sales at the company’s 360 Bed Bath & Beyond stores and 120 Buy Buy Baby stores will begin Wednesday.https://t.co/L01BoZ6ReL

[Sujeet Indap @sindap]

Jefferies analysts calculate possible 95% recovery on SVB insured deposits based on 2% writedown on loan book and 20% writedown on HTM portfolio:

[Malhar Pagay @MalharSPagay]

@mariana057 🥁 Subtle innuendos follow

[Malhar Pagay @MalharSPagay]

#SVB Yet Another Example of #Market Volatility That Lies Ahead https://t.co/fbI5XmCN5v #banks #financialinstitutions #receivership #bankruptcy

[Malhar Pagay @MalharSPagay]

Customers line up outside First Republic Bank to take their money out - after SVB bank collapsed https://t.co/u7KYig1Kzm

[Malhar Pagay @MalharSPagay]

Yeezy Break-Up Leaves Adidas With Potentially Historic Loss https://t.co/fQqOKpBV6Q via @LAMag

[Malhar Pagay @MalharSPagay]

Banking regulators shutter SVB, collapse unnerves investors | Reuters #receiver #bank #bankruptcy https://t.co/ZhkmE0KpWo

[Malhar Pagay @MalharSPagay]

Ford Cuts Stake in Rivian - Orange County Business Journal #EVs #electricvehicles #transportation #tech https://t.co/M5EltJlVf2

[Bankruptcy Law @_Bankruptcy_Law]

Bed Bath & Beyond Defaults On Credit Line And Can’t Afford To Pay Back Debt—As Bankruptcy Threat Looms https://t.co/wySM4HdkkH

[Malhar Pagay @MalharSPagay]

Bed Bath & Beyond said #banks have determined it has defaulted on its credit lines and it doesn’t have the funds to repay them, as the retailer prepares for a potential #bankruptcy filing #retail https://t.co/b3Hmz57vS9

[Malhar Pagay @MalharSPagay]

Department stores clock earnings misses and layoffs, as #luxury growth slows. Analysts are optimistic about resilience, with caution. #economy #recession ##financialdistress https://t.co/MTLQhyh96Y

[Malhar Pagay @MalharSPagay]

https://t.co/P8C4mugxfP

[Malhar Pagay @MalharSPagay]

Crypto lender Genesis Global Trading is preparing to file for #bankruptcy within days, according to people familiar with the matter #chapter11 #financialdistress #crypto https://t.co/FfaeDROwnT

[Malhar Pagay @MalharSPagay]

Microsoft said it was laying off 10,000 employees, becoming the latest tech titan to announce an additional round of cuts https://t.co/8hKvCs1hc0 via @WSJ #tech #financialdistress

[Malhar Pagay @MalharSPagay]

From VF Corp to Everlane, redundancies are rippling across the #fashion industry. Recruitment experts and analysts break down what’s driving the cuts, and look at what’s ahead. #apparel #retail #financialdistress https://t.co/rWstxpQF6b

[Malhar Pagay @MalharSPagay]

Another One Bites the Dust: Celebrity #Beauty Megabrand Goes Under - TheStreet #bankruptcy #chapter11 https://t.co/9C5KWg4Ceu

[Malhar Pagay @MalharSPagay]

Bed Bath & Beyond must choose between staying current on debts and conserving cash to chart a future course #bankruptcy #chapter11 https://t.co/uniW5AZeq5

[Malhar Pagay @MalharSPagay]

Former founder of #FTX said law firm Sullivan & Cromwell had a closer relationship with the exchange than disclosed, adding to questions over the #law firm’s independence as counsel to FTX’s #bankruptcy process #chapter11 https://t.co/vLdLRgCYCi

[Malhar Pagay @MalharSPagay]

Several top executives at Rivian Automotive, including the vice president overseeing body engineering and its head of supply chain, have departed the electric-vehicle maker in recent months #EV #electricvehicle #electriccar https://t.co/LsaqWuEPHu