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Red Lobster is blaming its bankruptcy on top shareholder and its ex-CEO, saying an $11M all-you-can-eat-shrimp fiasco contributed to its demise Eleanor Pringle May 21, 2024 at 7:24 AM
On June 29, 2024, the company filed for Chapter 11 bankruptcy protection after missing a week of paying its employees and failing to secure financing. On July 11 the US Bankruptcy Court approved a conversion of the bankruptcy to chapter 7, which would signal a liquidation of the company's assets, and the cessation of its subsidiaries, including ...
Thrasio raised more than $3 billion in equity and debt over the years to fuel its roll-up play, and its collapse into bankruptcy protection is one of the biggest examples of how mighty growth ...
Lordstown Motors has emerged from bankruptcy with a new name and a nearly singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an ...
New figures published by S&P Global Intelligence show that 75 companies filed for bankruptcy in June, the highest number recorded in a single month since early 2020 at the height of the COVID-19 ...
Synapse filed for Chapter 11 bankruptcy on April 22 and, at the same time, announced its assets would be acquired by TabaPay. But on May 9, TechCrunch reported that TabaPay’s $9.7 million ...
MICHAEL R. SISAK. July 10, 2024 at 3:41 PM. NEW YORK (AP) — A judge said Wednesday he was leaning toward throwing out Rudy Giuliani 's bankruptcy case after lawyers for the cash-strapped former ...
Stan Lee Media ( SLM) was an Internet-based creation, production and marketing company that was founded in 1998, filed for Chapter 11 bankruptcy protection in 2000, and ultimately dismissed from bankruptcy in November 2006. In its early years, the company created Stan Lee branded super hero franchises for applications in all media including the ...