[ad_1] CNN — Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001 bankruptcy filing was the largest in American history at the time. Estimated losses totaled $74 billion. Enron was ranked as America’s fifth largest company by Fortune magazine in 2002, despite its […]
[ad_1] New York CNN — Rite Aid, which had filed for Chapter 11 bankruptcy protection, is now preparing to shed almost 100 stores nationwide as part of its restructuring efforts. The first tranche of stores to be sold — both leased and owned — is located in nine states, according to A&G Real Estate Partners, […]
[ad_1] New York CNN — Rite Aid filed for Chapter 11 bankruptcy protection Sunday, a casualty of a miserable environment for drug stores, exacerbated by its runner-up status to bigger chains and expensive legal battles for allegedly filling unlawful opioid prescriptions. The bankruptcy was not a surprise. Its bigger rivals, CVS and Walgreens, are also […]
[ad_1] CNN — Lordstown Motors filed for bankruptcy protection Tuesday and announced a lawsuit against Foxconn, accusing its former partner of setting out to “destroy” its business. The electric vehicle maker, which specializes in pick-up trucks, made a Chapter 11 filing in a Delaware court while simultaneously starting legal action against Foxconn. In a statement, […]
[ad_1] New York CNN — Bed Bath & Beyond, the store for seemingly everything in your home during the 1990s and 2000s, filed for bankruptcy on Sunday. The company said it would sell off its merchandise and then go out of business. “Thank you to all of our loyal customers. We have made the difficult […]
[ad_1] CNN — The Boy Scouts of America will begin to distribute compensation to thousands of victims of sexual abuse after emerging from bankruptcy Wednesday, the organization announced. As part of a settlement with more than 82,000 survivors of abuse, the BSA will pay out $2.4 billion from a Victims Compensation Trust that was established […]
[ad_1] London CNN — Shares in Cineworld plunged more than 30% Monday, hitting their lowest level since late August, after the owner of Regal Cinemas said it planned to terminate efforts to sell its US, UK and Irish businesses. The world’s second-largest movie theater chain also announced a debt restructuring plan with lenders to help […]
[ad_1] New York CNN — Bed Bath & Beyond, America’s quintessential home furnishings’ chain, is fighting to stay in business. The company has avoided a bankruptcy filing for now by completing a complex stock offering that will give it an immediate injection of $225 million in funds and a pledge for $800 million in the […]
[ad_1] Washington CNN — The Justice Department on Thursday alleged that the AmerisourceBergen Corporation, one of the country’s largest pharmaceutical distributors, and two of its subsidiaries failed to report hundreds of thousands of suspicious prescription opioid orders to pharmacies across the country. The lawsuit, which spans several states, alleges that AmerisourceBergen disregarded its legal obligation […]
[ad_1] New York CNN — With his vast crypto empire in ruins, Sam Bankman-Fried is preparing to be grilled by US lawmakers who are demanding answers about how his digital asset exchange, FTX, came unraveled, leaving at least a million customers unable to access their funds. Bankman-Fried tweetedf Friday that he was willing to appear […]
[ad_1] CNN — Here’s a look at the life of Donald Trump, the 45th president of the United States. Birth date: June 14, 1946 Birth place: New York, New York Birth name: Donald John Trump Father: Fred Trump, real estate developer Mother: Mary (Macleod) Trump Marriages: Melania (Knauss) Trump (January 22, 2005-present); Marla (Maples) Trump […]
