AMERICAS DISTRESS DAILY: Linqto Files for Chapter 11 Protection

Linqto has filed for bankruptcy as regulators investigate alleged securities law violations, citing potentially insurmountable operating challenges.

• The platform that allows retail investors to buy shares in private companies has also discovered issues in the structure of the business that raise questions about ownership.

In Other News:

• WeightWatchers has reorganized and named several new officials while planning to launch a new program supporting women through menopause later this year.
• Holders of some defaulted Venezuelan bonds are seeking to block a bid to purchase Citgo Petroleum Corp.’s parent company, as they claim the transaction would strip them of their rights for ...