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C Street Advisory Group is handling cryptocurrency lender BlockFi as it filed for Chapter 11 on Nov. 28 in the aftermath of the implosion of the FTX crypto exchange.
As part of the restructuring, BlockFi will focus on recovering funds owed to it by FTX but acknowledges that process will be delayed as FTX works through its own bankruptcy.
BlockFi says bankruptcy will allow it to stabilize its business and develop a restructuring plan that will maximize value for clients and other stakeholders.
C Street Advisory Group CEO Jon Henes was a lawyer who handled restructurings at Kirkland & Ellis before co-founding the New York-based financial PR firm in 2021.
Kirkland & Ellis is serving as legal counsel for the BlockFi Chapter 11 proceeding.
Caterpillar’s Rob Rengel will join ATI Inc. on June 22 as VP-investor relations, succeeding the retiring David Weston.
Hut 8, energy infrastructure platform, has named NextEra Energy's Mark Eidelman head of IR and SVP of strategic finance.
Teneo handles easyJet as Minneapolis investment firm Castlelake mulls a possible takeover of the British budget airline.
Brunswick Group represents Universal Music Group as it rejects the unsolicited $65B takeover offer by billionaire Ed Ackman's Pershing Square Capital Management because it “fundamentally and materially undervalues” the world’s largest music company.
Prosek Partners brings on Danielle O’Brien as a managing director in its investor relations practice, based in the firm’s New York office.
