The judge in former New York City mayor Rudy Giuliani’s bankruptcy case slammed his failure to comply with deadlines and inability to keep bookkeepers to manage his “mess” of financial records. Giuliani’s bookkeeping was heavily criticized during a three-hour-long hearing in his high-profile Chapter 11 bankruptcy case. Judge Sean Lane also heard heated arguments from […]
Olivia Alexander, founder and CEO of Kush Queen, poses for a portrait by racks of bath bombs made with pure CBD at her headquarters on Sept. 24, 2019, in Anaheim. (Dania Maxwell/Los Angeles Times) For a long time, Olivia Alexander defended MedMen. Despite the pushback she got for partnering with the cannabis chain that some […]
Arrival, the electric vehicle startup that made significant commitments in the Charlotte region, is bankrupt after years of financial struggles. PREVIOUS: Electric delivery van microfactory to bring more than 250 jobs to Charlotte The company announced this week that it filed for bankruptcy on May 16 in Luxembourg, where Arrival is based. Arrival was declared […]
Huawei Technologies, the world’s largest telecommunications equipment vendor, has denied it had any plan to invest in Royole Corp, the former high-flying Chinese start-up that rose to fame in 2018 for launching the industry’s first foldable smartphone ahead of Samsung Electronics. That denial was issued on Monday in response to a WeChat post, which went […]
Former New York mayor and Trump ally Rudy Giuliani is in the middle of a massive personal bankruptcy case – and one of the businesses he’s using to get back in the black, a Florida-based coffee roaster, is also reportedly bankrupt. In May, Giuliani launched Rudy Coffee, a signature coffee line with politically-themed flavors like “Fighting […]
(Bloomberg) — Defunct cargo hauler Yellow Corp. may put its remaining cargo terminals and other vacant properties into a real estate investment trust that could be used to raise money for creditors, bankruptcy advisers for the company told a judge Monday. Most Read from Bloomberg The proposal was made public during a bankruptcy court fight […]
In light of OnlyFans reversing its ban on sexual content, you might wonder what other companies made seemingly dumb or greedy decisions that they really paid for later. Sopa Images / SOPA Images/LightRocket via Getty Images Well, look no further. Recently, u/WolfgangCaesar asked, “Now that OnlyFans is taking back its ban on sexual content, what […]
shrimp with rice and broccoli – Red Lobster / Facebook The word of Red Lobster’s downfall has been front page news lately — while the chain isn’t out of business, it has announced the closure of what now amounts to nearly 100 restaurants. What’s more, it has now filed for bankruptcy and yes, one of […]
(Bloomberg) — Seafood restaurant chain Red Lobster filed for bankruptcy, succumbing to onerous leases, high labor costs and a disastrous unlimited shrimp promotion. Most Read from Bloomberg The Orlando, Florida-based company filed for Chapter 11 protection on Sunday, listing assets and liabilities of $1 billion to $10 billion each in its bankruptcy petition. The filing […]
By Dietrich Knauth NEW YORK (Reuters) – Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed for bankruptcy […]
By Dietrich Knauth NEW YORK, May 7 (Reuters) – Bankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its attorneys said at a Tuesday court hearing in Houston. Steward, which filed […]
US Healthcare Landlord Medical Properties Trust’s Largest Tenant Steward Health Goes Bankrupt, Sparks Regulatory Concerns Medical Properties Trust Inc’s (NYSE:MPW) tenant Steward Health Care plunged into Chapter 11 bankruptcy, posing significant financial risks for hospitals across eight states. State regulators, alarmed by the precarious situation, have intensified scrutiny over the Steward Health Care System. With a network of […]