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Selloffs, seized assets and bankruptcy: Trump options narrow as bond deadline approaches
nbcnews.com/politics/donald-trump/selloffs-seized-assets-bankruptcy-trump-options-narrow-bond-deadline-a-rcna144090
Selloffs, seized assets and bankruptcy: Trump options narrow as bond ...
Quick Glance: Trump Struggles with Bail and Frustration Grows
  • Donald Trump and some members of his inner circle are frustrated by the prospect of him failing to post the $464 million civil fraud penalty by Monday's deadline.

  • Trump is urgently seeking campaign funds and potential guarantors for his bail to prevent New York Attorney General Letitia James from seizing his assets.

  • Trump's defense team is considering options to challenge the judgment without posting bail and speculating on the impact of asset seizure on his campaign.

  • Despite concerns from his team regarding bail, Trump's campaign is leveraging the situation to mobilize supporters and reinforce the perception of unfair treatment by the justice system.
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The Body Shop shuts down all US operations, closes dozens of stores in Canada: Cosmetics company The Body Shop has shut down all of its US-based operations and ...
cnn.com/2024/03/10/business/the-body-shop-shuts-down/
The Body Shop shuts down all US operations, closes dozens of stores in ...
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‘Old-fashioned embezzlement’: where did all of FTX’s money go?: Sam Bankman-Fried oversaw its collapse – now the crypto firm is in bankruptcy proceedings as ...
theguardian.com/business/2024/mar/27/where-did-ftx-money-go
‘Old-fashioned embezzlement’: where did all of FTX’s money go?
Quick Glance: The Case of Sam Bankman-Fried and Its Aftermath
  • Sam Bankman-Fried, a young man convicted of fraud, faces prison time and is likely to remain incarcerated until his 80th birthday.

  • Despite quickly amassing wealth by building a digital currency marketplace worth around $32 billion, he misused approximately $8 billion of his customers' savings for luxury expenses and risky investments.

  • Politicians and celebrities, including Joe Biden, Mitt Romney, and Gisele Bündchen, received millions from Bankman-Fried while publicly praising and financially supporting him.

  • His downfall signifies the failure of an era of cheap money and highlights how society enables financial crimes until they are exposed - a historical lesson from Bankman-Fried's story revealing a larger failure of the financial and political establishment.
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Katie Price 'picked up pricey bar tab for pals' despite second bankruptcy: Former glamour model Katie Price let her hair down as she partied with her pals and ...
mirror.co.uk/3am/celebrity-news/katie-price-insisted-buying-boozy-32455761
Katie Price 'picked up pricey bar tab for pals' despite second bankruptcy
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Fabrics retailer Joann has filed for Chapter 11 bankruptcy: The company plans to keep its website and more than 800 U.S. stores open
qz.com/fabric-retailer-joann-chapter-11-bankruptcy-1851344239
Fabrics retailer Joann has filed for Chapter 11 bankruptcy
Quick Glance: Joann Files Bankruptcy Due to Consumer Decline
  • The fabric and crafting retailer Joann Inc. took the step to file for bankruptcy as it faced challenges in sustaining its financial obligations following a period of decreased sales after the pandemic lockdowns.

  • Following the bankruptcy proceedings, the Hudson, Ohio-based chain is set to transition to private ownership under the supervision of specific creditors and industry stakeholders, as indicated in an official company statement.

  • Having previously managed to reduce its debt outside of court in 2020, the retail chain found itself grappling with supply chain disruptions and inflation, prompting consumers to scale back on discretionary spending.

  • The legal proceedings for this matter are under the designation of JOANN Inc., 24-10418, in the US Bankruptcy Court for the District of Delaware.
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Rusty Taco franchisee in San Antonio seeks bankruptcy protection: The restaurant in the Bulverde Marketplace plans to keep operating while the franchisee ...
expressnews.com/business/article/rusty-taco-franchisee-san-antonio-seeks-19209731.php
Rusty Taco franchisee in San Antonio seeks bankruptcy protection
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Pharmacy chain to close 2 distribution centers, lay off 600+ employees: The layoffs are expected to take place in May.
pennlive.com/business/2024/03/pharmacy-chain-to-close-2-distribution-centers-laying-off-more-than-600-employees.html
Pharmacy chain to close 2 distribution centers, lay off 600+ employees
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Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup Lawsuits: Bayer AG is weighing whether to use a controversial legal maneuver known as the Texas ...
bloomberg.com/news/articles/2024-03-13/bayer-weighs-texas-two-step-bankruptcy-filing-over-roundup
Bayer Weighs ‘Texas Two-Step’ Bankruptcy Filing Over Roundup Lawsuits
Quick Glance: Bayer Contemplates Texas Two-Step Bankruptcy Filing
  • Bayer AG is considering whether to use the controversial legal maneuver of a Texas Two-Step bankruptcy to settle thousands of US lawsuits alleging its Roundup weedkiller causes cancer.

  • The company is looking to stop litigation and negotiate a settlement of over 50,000 cases after facing costly Roundup jury verdicts in the last four months.

  • Bayer has already spent about $10 billion of the $16 billion set aside to resolve over 110,000 Roundup cases.

  • While the Texas Two-Step has been rejected in other cases, Bayer might utilize this strategy to reach a settlement and buy time to come up with a proposal.
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Rite Aid advisers rake in millions. Opioid victims brace for nothing: Rite Aid faced more than 1,600 opioid lawsuits when it filed for bankruptcy ...
bloomberg.com/news/features/2024-03-08/rite-aid-opioid-settlement-victims-will-likely-get-no-payout
Rite Aid advisers rake in millions. Opioid victims brace for nothing
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The Body Shop is closing all U.S. stores as part of its bankruptcy: The company was acquired by private equity firm Aurelius Group last year
qz.com/the-body-shop-closing-all-us-stores-bankruptcy-1851325948
The Body Shop is closing all U.S. stores as part of its bankruptcy
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Donald Trump May Be Closer To Bankruptcy Than It Seems: The former president needs more money to keep his businesses afloat, according to one financial analyst.
newsweek.com/donald-trump-bankruptcy-court-awards-e-jean-carroll-new-york-fraud-case-engoron-1877890
Donald Trump May Be Closer To Bankruptcy Than It Seems
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The Body Shop files for bankruptcy in the US and Canada: About 400 more jobs at risk as cosmetics retailer struggles to pay suppliers in Australia after UK ...
theguardian.com/business/2024/mar/10/the-body-shop-files-for-bankruptcy-in-the-us-and-canada
The Body Shop files for bankruptcy in the US and Canada
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A wake-up call for sustainable supply chains: How many times have we heard that customers will pay extra for more sustainable—recycled, in this case—products?
thedailystar.net/opinion/views/news/wake-call-sustainable-supply-chains-3563616
A wake-up call for sustainable supply chains