Corporate bankruptcy
FTX states most prospects of the bankrupt crypto trade will get all their dollars back
Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Trade, comes at court docket in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Photographs Pretty much all prospects of collapsed cryptocurrency trade FTX will get their dollars back — and additional, in accordance to a courtroom submitting. FTX estimates that it […]
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Deutsche Lender to file liquidation suit from Chinese developer Shimao, Reuters stories
Deutsche Bank is planning a liquidation lawsuit in Hong Kong from Chinese developer Shimao Team, two resources said, in a unusual go by a international organization that comes amid soaring credit score defaults and China’s deepening home sector disaster. Bloomberg | Bloomberg | Getty Photographs Deutsche Bank is planning a liquidation lawsuit in Hong Kong against Chinese developer Shimao Group, two sources said, in a unusual move […]
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Evergrande chairman's second seized Hong Kong mansion put up for sale
China Evergrande Centre indication noticed on the entrance of their developing. A 2nd mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been set up for sale by its receivers, in accordance to assets agent Savills. Sopa Photos | Lightrocket | Getty Illustrations or photos A second mansion in Hong Kong that once belonged to China Evergrande Group’s chairman has been put up for sale by […]
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Adam Neumann is striving to invest in bankrupt WeWork, DealBook reports
Adam Neumann, Founder and former CEO of WeWork. Eduardo Munoz | Reuters Billionaire Adam Neumann is attempting to get back again bankrupt true-estate organization WeWork, which he launched in 2010 and was ousted from in 2019, DealBook noted Tuesday. Neumann, his startup Stream and Dan Loeb’s Third Position fund have “regularly expressed” a “honest curiosity” […]
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Terraform Labs files for personal bankruptcy defense in the U.S.
PODGORICA, MONTENEGRO – JUNE 16: Do Kwon is taken outside of court docket on June 16, 2023 in Podgorica, Montenegro. Cryptocurrency TerraUSD and its companion token Luna collapsed in 2022, wiping out approximately 40 billion USD from the cryptocurrency market and Do Kwon, the founder was billed with fraud by American prosecutors subsequent his arrest […]
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Previous Trump attorney Rudy Giuliani files for individual bankruptcy defense, lists much more than $100 million in money owed
Rudy Giuliani, the previous personal attorney for former U.S. President Donald Trump, arrives to the E. Barrett Prettyman U.S. District Courthouse on December 15, 2023 in Washington, DC. Anna Moneymaker | Getty Pictures Rudy Giuliani filed for Chapter 11 bankruptcy protection in New York on Thursday, citing money owed that contain a almost $150 million […]
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FTX resolves dispute with Bahamian liquidators
This illustration image displays a intelligent cell phone display screen exhibiting the symbol of FTX, the crypto trade system, with a display displaying the FTX web site in the qualifications in Arlington, Virginia on February 10, 2022. Olivier Douliery | AFP | Getty Photographs Bankrupt crypto trade FTX Buying and selling on Tuesday announced a […]
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Rite Aid lost more than $1 billion in months before bankruptcy filing
A Rite Aid store in Kingston, New York, US, on Monday, May 15, 2023. Rite Aid Corp. is scheduled to release earnings figures on June 23. Angus Mordant | Bloomberg | Getty Images Rite Aid lost more than $1 billion in the months before it filed for bankruptcy, the failed drugstore chain revealed in a […]
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Rite Aid files for bankruptcy amid slowing sales, opioid litigation
A Rite Aid store stands in Brooklyn on August 28, 2023 in New York City. Spencer Platt | Getty Images Rite Aid filed for Chapter 11 bankruptcy protection in New Jersey on Sunday and said it would begin restructuring to significantly reduce its debt. The company appointed Jeffrey Stein as its new chief executive officer […]
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Arizona Coyotes local games move to broadcast networks – the latest big shift in sports TV
Barrett Hayton #29 of the Arizona Coyotes skates against the Dallas Stars at the American Airlines Center on December 6, 2021 in Dallas, Texas. Glenn James | National Hockey League | Getty Images The Arizona Coyotes are skating to a new TV home for local games – showcasing the pressure on cable TV bundles due […]
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