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Tag: Bankruptcy

Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy

Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy

January 22, 2024January 22, 2024 · Technology

DOVER, Del. — A federal appeals court has ordered the appointment of an independent examiner in the bankruptcy case of FTX amid concerns about widespread fraud preceding the…

Read more Appeals court reverses judge's ruling, orders appointment of independent examiner in FTX bankruptcy
Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection

Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection

January 22, 2024January 22, 2024 · Technology

NEW YORK — Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated investors around the world.…

Read more Crypto firm Terraform Labs files for Chapter 11 bankruptcy protection
IBM, Westpac-backed blockchain project Lygon to liquidate

IBM, Westpac-backed blockchain project Lygon to liquidate

January 20, 2024January 20, 2024 · Cryptocurrency

Blockchain startup Lygon — backed by International Business Machines and other prominent supporters, including major financial institutions — has gone bankrupt. The Australia-based company’s debt hovers at around…

Read more IBM, Westpac-backed blockchain project Lygon to liquidate
Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement

Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement

January 17, 2024January 17, 2024 · Finance

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18…

Read more Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement
Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement

Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement

January 17, 2024January 17, 2024 · Entertainment

Amazon will partner with Diamond Sports as part of a restructuring agreement as the largest owner of regional sports networks looks to emerge from bankruptcy. Diamond owns 18…

Read more Amazon will invest in Diamond Sports as part of bankruptcy restructuring agreement
Celsius Threatens to Sue Creditors Who Withdrew Funds Before Collapse

Celsius Threatens to Sue Creditors Who Withdrew Funds Before Collapse

January 10, 2024January 10, 2024 · Cryptocurrency

Celsius, the platform whose bankruptcy plan was finally approved late last year, has recently lashed out at former clients who cashed out before the company had the opportunity…

Read more Celsius Threatens to Sue Creditors Who Withdrew Funds Before Collapse
Exploring failed ventures: RootData publishes list of deceased crypto projects

Exploring failed ventures: RootData publishes list of deceased crypto projects

January 1, 2024January 1, 2024 · Cryptocurrency

RootData, a provider of visual and structured data on companies in the digital finance industry, has published a list of deceased crypto projects that failed to make it…

Read more Exploring failed ventures: RootData publishes list of deceased crypto projects
Alex Jones proposes  million legal debt settlement to Sandy Hook families

Alex Jones proposes $55 million legal debt settlement to Sandy Hook families

December 16, 2023December 16, 2023 · US News

Conspiracy theorist Alex Jones’ latest bankruptcy plan would pay Sandy Hook families a minimum total of $55 million over 10 years, a fraction of the nearly $1.5 billion…

Read more Alex Jones proposes $55 million legal debt settlement to Sandy Hook families
SmileDirectClub winds down operations — but customers are told to keep paying

SmileDirectClub winds down operations — but customers are told to keep paying

December 8, 2023December 8, 2023 · Breaking News

SmileDirectClub Inc. said late Friday it was winding down operations, effective immediately, seeming to cast its millions of customers adrift — except when it comes to their bills.…

Read more SmileDirectClub winds down operations — but customers are told to keep paying
OxyContin maker bankruptcy deal goes before the Supreme Court on Monday, with billions at stake

OxyContin maker bankruptcy deal goes before the Supreme Court on Monday, with billions at stake

December 4, 2023December 4, 2023 · US News

WASHINGTON — The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the…

Read more OxyContin maker bankruptcy deal goes before the Supreme Court on Monday, with billions at stake
Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users

November 29, 2023November 29, 2023 · Cryptocurrency

In a recent announcement, bankrupt crypto lender Celsius has initiated additional withdrawals for certain eligible custody users. However, it’s important to note that only specific custody assets are…

Read more Empty Accounts Discovered As Celsius Allows Crypto Withdrawals For Eligible Users
Sandy Hook families offer to settle Alex Jones’ .5 billion legal debt for at least  million

Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for at least $85 million

November 27, 2023November 27, 2023 · US News

Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to…

Read more Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for at least $85 million
Sandy Hook families offer to settle Alex Jones’ .5 billion legal debt for a minimum of  million

Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for a minimum of $85 million

November 27, 2023November 27, 2023 · US News

Sandy Hook families who won nearly $1.5 billion in legal judgments against conspiracy theorist Alex Jones for calling the 2012 Connecticut school shooting a hoax have offered to…

Read more Sandy Hook families offer to settle Alex Jones’ $1.5 billion legal debt for a minimum of $85 million
WeWork’s stock has continued the strange trend of the bankruptcy bounce

WeWork’s stock has continued the strange trend of the bankruptcy bounce

November 10, 2023November 11, 2023 · Breaking News

In a strange flashback to the demise of Bed Bath & Beyond Inc., WeWork Inc.’s stock soared on its over-the-counter debut this week, just days after the office sharing…

Read more WeWork’s stock has continued the strange trend of the bankruptcy bounce
Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’

Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’

November 9, 2023November 9, 2023 · Breaking News

Groupon Inc. shares were tumbling more than 20% in Thursday’s extended session after the discounting marketplace announced a new rights offering and acknowledged “challenged” business conditions. The company…

Read more Groupon’s stock craters after earnings as CEO says business ‘continues to be challenged’
Japan’s SoftBank hit with .2B quarterly loss as WeWork, other tech investments go sour

Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour

November 9, 2023November 9, 2023 · World News

TOKYO — Japanese technology company SoftBank Group Corp. racked up a huge loss in the July-September quarter as its technology investments, most notably office-sharing company WeWork, went sour.…

Read more Japan’s SoftBank hit with $6.2B quarterly loss as WeWork, other tech investments go sour
WeWork — once one of the world’s hottest startups — declares bankruptcy

WeWork — once one of the world’s hottest startups — declares bankruptcy

November 6, 2023November 6, 2023 · Finance

WeWork, the formerly high-flying shared office space company that was once among the world’s most valuable startups, filed for bankruptcy on Monday after years of deteriorating financial performance. …

Read more WeWork — once one of the world’s hottest startups — declares bankruptcy
WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to  billion

WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion

November 6, 2023November 6, 2023 · US News

WeWork has filed for Chapter 11 bankruptcy protection, a stunning fall for the office sharing company once seen as a Wall Street darling that promised to upend the…

Read more WeWork seeks bankruptcy protection, a stunning fall for a firm once valued at close to $50 billion
Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder

Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder

October 30, 2023October 30, 2023 · Technology

NEW YORK — A prosecutor began cross-examining Sam Bankman-Fried at a New York City trial on Monday, attacking his credibility by highlighting public statements he made before and…

Read more Prosecutor takes aim at Sam Bankman-Fried’s credibility at trial of FTX founder
BlockFi to start settling debts with creditors after successful exit from bankruptcy

BlockFi to start settling debts with creditors after successful exit from bankruptcy

October 24, 2023October 24, 2023 · Cryptocurrency

BlockFi has announced its emergence from bankruptcy and is initiating plans to repay creditors, marking a significant turnaround after last year’s challenging halt of withdrawals following the FTX…

Read more BlockFi to start settling debts with creditors after successful exit from bankruptcy
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