AMERICAS DISTRESS DAILY: Linqto Deal With Creditors Approved

Collapsed startup Linqto Texas won approval of a deal to fund its bankruptcy case and settle with customers who were deceived about the fintech’s investments in private companies.

In Other News:

• Creditors of InterCement approved a recovery plan allowing a new group of shareholders to enter, including Argentine investors who bought a stake of the company’s debt, according to the Clarin newspaper.
• Dr. Phil McGraw’s Envoy Media reached a long-term broadcast distribution deal with Charter Communications, boosting the new media venture as the famed talk show host continues bankruptcy court battles over his failed startup, Merit Street Media.

Losers

Gainers ...