AMERICAS DISTRESS DAILY: Rinchem Shifts Assets, Lender Talks End

Rinchem told lenders it moved some assets out of the reach of existing creditors, according to people with knowledge of the matter.

• Confidential talks between the firm and some lenders have ended.

In Other News:

• Karyopharm Therapeutics is cutting about 20% of staff while exploring financing options or strategic alternatives, including M&A and debt refinancing, after talks with potential investors failed to yield a deal.
• Marin Software has initiated a pre-negotiated Chapter 11 case in Delaware as part of a proposed financial reorganization transaction with strategic investor Kaxxa Holdings.
• Bankrupt marine animal parks operator Dolphin Co. said the company’s former ...