Phil Murphy’s Flawed School Funding Formula Sends One Of New Jersey’s Largest Districts Into Bankruptcy
TOMS RIVER, N.J. — The Toms River Regional School District is warning of potential summer school cancellations and exploring Chapter 9 bankruptcy as it faces a multimillion-dollar budget shortfall, despite increases in…
Celsius bankruptcy auction nears end, with Fahrenheit in the lead
By Dietrich Knauth NEW YORK (Reuters) – A lawyer for Celsius Network on Wednesday said the crypto lender hopes to conclude an auction for its assets within days and the current lead…
Fire protection company Kidde-Fenwal files for bankruptcy citing PFAS lawsuits
By Dietrich Knauth (Reuters) – Kidde-Fenwal Inc, a subsidiary of Carrier Global Corp that specializes in fire control systems, filed for bankruptcy on Sunday, as it buckles under the weight of lawsuits…
George Soros’ Investment Firm, Others To Buy Vice Media After Bankruptcy
George Soros’ Investment Firm, Others To Buy Vice Media After Bankruptcy Laurel Duggan on May 15, 2023 Soros Fund Management (SFM) and other investors will buy Vice Media for about $225 million…
KKR-backed Envision Healthcare plans bankruptcy filing – WSJ
(Reuters) -KKR & Co Inc-backed Envision Healthcare Corp is planning to file for Chapter 11 bankruptcy protection, the Wall Street Journal reported on Tuesday, citing people familiar with the matter. The filing,…
Retailer Christmas Tree Shops files for Chapter 11 bankruptcy
(Reuters) – Christmas Tree Shops, a home-decor retailer that was spun off from Bed Bath & Beyond in 2020, filed for bankruptcy protection on Friday. Christmas Tree Shops (CTS) said in a…
Talc supplier Whittaker Clark & Daniels files for bankruptcy
By Dietrich Knauth (Reuters) – Defunct talc supplier Whittaker, Clark & Daniels has filed for Chapter 11 bankruptcy, citing on Thursday a “deluge” of lawsuits alleging that its talc products caused asbestos…
Bed Bath & Beyond considers asset sales, Sixth Street bankruptcy loan – Bloomberg News
(Reuters) – Bed Bath & Beyond Inc is considering sales of assets and intellectual property as part of a potential bankruptcy filing that could come as soon as this weekend, Bloomberg News…
J&J talc unit faces skepticism on bankruptcy settlement support
By Dietrich Knauth (Reuters) – A Johnson & Johnson company on Tuesday defended its second attempt to resolve talc lawsuits in bankruptcy, telling a U.S. judge it can quickly build consensus around…
Factbox-Virgin Orbit bankruptcy echoes Branson’s past troubled ventures
(Reuters) – Richard Branson’s Virgin Orbit Holdings filed for Chapter 11 bankruptcy on Tuesday after the satellite launch company failed to secure long-term funding following a January rocket failure. Despite the success…
E-commerce firm Boxed Inc files for bankruptcy, eyes software unit sale
(Reuters) – Boxed Inc filed for Chapter 11 bankruptcy protection and was pursuing sale of its software business, the e-commerce grocery platform said on Sunday, adding that it will also wind down…
Bed Bath & Beyond plans to sell $300 million in stock, warns again of bankruptcy
(Reuters) -Bed Bath & Beyond Inc on Thursday announced plans to sell $300 million worth of its shares as the struggling retailer looks to raise more capital, and once again warned it…
SVB Financial Group files ‘First Day Motions’ in bankruptcy court
(Reuters) – SVB Financial Group on Monday filed a number of “First Day Motions” to seek authorization from a bankruptcy court to support the operations of the company’s SVB Capital and SVB…
Silicon Valley Bank Parent Company Files For Bankruptcy
Silicon Valley Bank Parent Company Files For Bankruptcy Jason Cohen on March 17, 2023 SVB Financial Group, the parent company for California tech lender Silicon Valley Bank (SVB), filed for Chapter 11…
Crypto lender Voyager’s customers vote in favor of bankruptcy plan
(Reuters) – Customers of Voyager Digital voted in favor of the crypto lender’s Chapter 11 bankruptcy plan, the company said in a tweet on Tuesday. Of those who participated in the voting,…
Revlon reaches lender settlement, sends bankruptcy plan to vote
By Dietrich Knauth (Reuters) – Revlon Inc on Tuesday announced a deal with a holdout faction of lenders, removing the largest remaining roadblock to a plan that would allow the cosmetics maker…
Bed Bath & Beyond’s roller-coaster ride to potential bankruptcy
(Reuters) – Bed Bath & Beyond Inc has managed to stay afloat for now after raising cash to fund its operations. The company, which was on the verge of filing for bankruptcy,…
Bed Bath & Beyond’s roller-coaster ride to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few…
Bed Bath & Beyond’s road to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over exaggerated payments to executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few…
Celsius bankruptcy examiner expected to report on Ponzi allegations
By Dietrich Knauth (Reuters) – A court-ordered examiner is expected to release a report on Monday addressing whether bankrupt crypto firm Celsius Network operated as a Ponzi scheme, which could add to…
U.S. court dismisses bankruptcy petition by J&J’s talc unit
(Reuters) – An appeals court in the United States on Monday dismissed a bankruptcy petition by Johnson & Johnson’s talc unit. (Reporting by Leroy Leo in Bengaluru; Editing by Krishna Chandra Eluri)…
Party City plans bankruptcy filing within weeks – WSJ
(Reuters) – Party City Holdco Inc is preparing to file for bankruptcy within weeks as its cash dwindled and inflation dampened sales, the Wall Street Journal reported on Friday, citing people familiar…
Crypto Firm With Ties To Sam Bankman-Fried’s Failed Hedge Fund Weighing Bankruptcy: REPORT
Crypto Firm With Ties To Sam Bankman-Fried’s Failed Hedge Fund Weighing Bankruptcy: REPORT John Hugh DeMastri on January 5, 2023 Prominent crypto firm Genesis Global Trading — which had major ties to…
Bed Bath & Beyond’s road to potential bankruptcy
(Reuters) – From a failed merchandising strategy to activist investor pressure over overpayed executives, Bed Bath & Beyond Inc has been on a largely downhill ride over the last few years. The…
Bed Bath & Beyond Raises Specter Of Bankruptcy Amid Ongoing Financial Disaster
Major Retailer Raises Specter Of Bankruptcy Amid Ongoing Financial Disaster John Hugh DeMastri on January 5, 2023 Bed Bath & Beyond anticipated that it will report a nearly $400 million shortfall in…
Special Report-Boy Scouts, Catholic dioceses find haven from sex abuse suits in bankruptcy
By Kristina Cooke, Mike Spector, Benjamin Lesser, Dan Levine and Disha Raychaudhuri (Reuters) – Lawmakers around the United States have tried to grant justice to victims of decades-old incidents of child sexual…
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