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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
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.
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/
‘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
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.
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
Rite Aid Forges Path To Financial Recovery With Major Settlement: Report - Rite Aid (OTC:RADCQ)
benzinga.com/news/24/03/37952625/rite-aid-forges-path-to-financial-recovery-with-major-settlement-report
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
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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.
The Amazon play that could change the game for streaming sports: A lifeline to the bankrupt Diamond Sports Group might offer a new model for airing local ...
ft.com/content/54087705-1527-4c5b-876a-3a4aad372e12
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Drugmaker Endo receives US court approval for bankruptcy restructuring: Bankrupt drugmaker Endo International said on Tuesday a U.S. Bankruptcy Court has ...
reuters.com/business/healthcare-pharmaceuticals/drugmaker-endo-receives-us-court-approval-bankruptcy-restructuring-2024-03-19/
Crafts retailer Joann files for Chapter 11 bankruptcy as consumers cut back on pandemic-era hobbies
stltoday.com/news/nation-world/business/joann-fabrics-chapter-11-bankruptcy/article_86238491-ee3b-5cbb-8791-75b850707945.html
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
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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
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Law firm Kirkland blasts lawsuit over bankruptcy judge's secret relationship: U.S. law firm Kirkland & Ellis on Monday asked a federal judge to dismiss a lawsuit ...
reuters.com/legal/legalindustry/law-firm-kirkland-blasts-lawsuit-over-bankruptcy-judges-secret-relationship-2024-03-18/
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
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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.
The Body Shop Ceases U.S. Operations and Files for Bankruptcy: The UK-based cosmetics company is also closing half of its locations in Canada.
ow.ly/RZ3w105m0oX
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
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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
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The Body Shop files for bankruptcy in US and Canada : It comes after a trying month for the firm, with its seven Irish locations closing on February 29
businesspost.ie/article/the-body-shop-files-for-bankruptcy-in-us-and-canada/
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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
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
AMC Entertainment: Chapter 11 Bankruptcy Is Not Completely Off The Table: AMC Entertainment continues to sell a massive number of additional shares to raise ...
seekingalpha.com/article/4677473-amc-entertainment-chapter-11-bankruptcy-not-completely-off-table
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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
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