Excerpts: “J. Crew is preparing for a bankruptcy filing” The New York-based retailer had already been struggling under a heavy debt load and sales challenges, as it suffered criticism that it fell out of touch with its once-loyal customers. In the past few years, the brand lost both its longtime design chief, Jenna Lyons, and […]
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Excerpts: JPMorgan Called Tribune Debt Distressed Prior to New Loans JPMorgan Chase & Co. lowered its internal rating on Tribune Co.’s debt, labeling it distressed months before arranging new loans that funded the newspaper publisher’s 2007 buyout, e-mails made public in court show. Miriam Kulnis, a manager in JPMorgan’s distressed-debt unit, said in court testimony