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Adam Neumann Submits Bid to Buy Back WeWork for More Than $500 Million: The former chief executive who co-founded the co-working space provider said last month ...
on.wsj.com/3x7aneO
Quick Glance: Adam Neumann Makes Bid Exceeding $500 Million for WeWork: Report
- The Wall Street Journal reported that WeWork cofounder Adam Neumann submitted a bid of over $500 million to buy back the bankrupt company.
- Neumann is attempting to regain control of the bankrupt coworking company following efforts by him and his new real estate company Flow Global to repurchase WeWork.
- The financing of Neumann's $500 million bill was not immediately clear to individuals familiar with the situation.
- WeWork, once valued at $47 billion, filed for Chapter 11 bankruptcy in November 2023, with Neumann seeking a path back to the company since.
Sam Bankman-Fried should spend between 40 and 50 years in prison after being convicted for stealing $8 billion from customers of his now-bankrupt FTX ...
reut.rs/3Vj7T6S
Quick Glance: Prosecutors Call for 40 to 50 Years in Prison for Sam Bankman-Fried
- Federal prosecutors are recommending a prison sentence of 40 to 50 years for FTX founder Sam Bankman-Fried for orchestrating one of the largest financial frauds in history.
- Convicted on fraud and conspiracy charges, Bankman-Fried stole at least $10 billion to fund his lavish lifestyle, make risky investments, and dispense charitable donations, defrauding investors and customers in the process.
- Prosecutors accuse Bankman-Fried of unmatched greed and hubris, disregarding ethical boundaries and causing financial devastation to many individuals through his relentless pursuit of wealth and power.
- Despite defense requests for leniency and a probation officer's recommendation of 100 years in prison, prosecutors insist that Bankman-Fried should face a significant sentence for his role in perpetrating one of the largest financial frauds in recent history.
The arts and crafts giant Joann files for bankruptcy, but stores will remain open
npr.org/2024/03/18/1239161958/joann-bankruptcy-crafts-fabrics
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.
Bankruptcy is one way out of Trump’s financial jam. He doesn’t want to take it.: People close to the former president say he is not currently considering ...
washingtonpost.com/politics/2024/03/20/trump-bond-bankruptcy/
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.
Fisker Slashes Ocean Prices up to $24K as It Fights to Avoid Bankruptcy: The 2023 Ocean EV SUV's base price has dropped by $14K to $27,437 amid the ...
caranddriver.com/news/a60320119/fisker-ocean-ev-suv-big-price-cuts-possible-bankruptcy/
Rand Paul vows to hold up $1T ‘minibus’ that must pass by Friday: Sen. Rand Paul (R-Ky.) says he will hold up a $1 trillion “minibus” spending package that needs ...
thehill.com/homenews/senate/4544596-rand-paul-vows-to-hold-up-1t-minibus-that-must-pass-by-friday/
Update: Fisker Pauses All Production, Discloses It Could Go Bankrupt: A report last week hinted at bankruptcy. The latest disclosures from the company this week ...
motortrend.com/news/report-fisker-hires-bankruptcy-advisers-stock-plummets/
Rudy Giuliani telling Mar-a-Lago pals he's trapped in 'nightmare world,' 'can't believe it's real' as he faces bankruptcy, legal woes
pagesix.com/2024/03/25/gossip/rudy-giuliani-telling-mar-a-lago-pals-hes-trapped-in-nightmare-world/
EV start-up Fisker prepares for possible bankruptcy filing, WSJ reports: Electric-vehicle start-up Fisker has hired restructuring advisers to assist with a ...
reuters.com/business/autos-transportation/ev-start-up-fisker-prepares-possible-bankruptcy-filing-wsj-reports-2024-03-13/
Workers Lost Millions to California's Worst Known Wage Thief. And He's Still in Business | KQED
kqed.org/news/11979626/workers-lost-millions-to-californias-worst-known-wage-thief-and-hes-still-in-business
How will the cost of Sam Bankman-Fried’s crimes be counted at sentencing?: Disputes over how much FTX customers have lost come to the fore as crypto exchange ...
ft.com/content/a9fdccbc-e8ff-4c85-ac81-94cf9c2cad8c
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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.
Chapter 11, 7 bankruptcy filings claim more beer, brewery brands: The beerpocalypse has not slowed down, and it has impacted big beer brands and regional ...
sacbee.com/news/business/article287054735.html
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Mike Lindell's deflated MyPillow can no longer afford its rent: The conservative firebrand CEO is facing multiple lawsuits that could bankrupt his company
qz.com/mypillow-mike-lindell-eviction-donald-trump-lawsuit-1851368795
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Quick Glance: MyPillow by Mike Lindell Fails to Pay Rent and Gets Evicted from Warehouse
- Mike Lindell's MyPillow is being evicted from one of its warehouses in Minnesota due to failure to pay rent.
- The company owes First Industrial over $217,000 in rent and other charges.
- A judge granted the landlord's request to find a new tenant.
- The eviction amidst Lindell's legal and financial troubles marks a downfall for the once successful entrepreneur.
SBF sentencing: Judge to consider FTX funds, neurodivergence claim: As Sam Bankman-Fried's sentencing date approaches, the judge is being asked to consider ...
businessinsider.com/sbf-sentencing-ftx-customers-get-money-back-should-it-matter-2024-3
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Quick Glance: The Rise and Fall of Sam Bankman-Fried: Unrepentant Ex-Mogul Faces Lengthy Prison Term
- Sam Bankman-Fried, founder of FTX cryptocurrency exchange, was found guilty of wire fraud and money laundering conspiracy.
- Prosecutors urged a 40 to 50-year sentence to emphasize the severity of harm to victims and deter financial misconduct.
- Victims shared impact statements detailing loss of savings and financial distress caused by Bankman-Fried's actions.
- Once a prominent figure in the crypto world, Bankman-Fried faced accusations of embezzling funds and engaging in fraudulent activities.
FTX estate selling majority stake in AI startup Anthropic for $884 million, with bulk going to UAE
cnbc.com/2024/03/25/ftx-estate-sells-majority-stake-in-startup-anthropic-for-884-million.html
Popular food and grocery brand files for Chapter 11 bankruptcy: A well-known brand with over 100 years of history is at risk of disappearing from your favorite ...
sacbee.com/news/business/article286957565.html
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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
Truth Social: Trump's reputation as a successful entrepreneur is saved: The furious success of the Truth Social platform on the stock market is associated with ...
nzz.ch/meinung/unternehmer-donald-trump-ist-nicht-unterzukriegen-ld.1824003
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FBI is investigating Eastside real estate firm iCap, lawyers say: The investigation follows allegations last month that the company operated a Ponzi scheme.
seattletimes.com/business/real-estate/fbi-is-investigating-eastside-real-estate-firm-icap-lawyers-say/
Donald Trump Bankruptcy May Not Save Him: Legal Analyst: A single bankruptcy won't be enough to keep Donald Trump from losing his properties.
newsweek.com/donald-trump-bankruptcy-may-not-save-him-legal-analyst-1882998
Detroit credit rating upgraded 2 notches, reaches investment grade for 1st time since 2009
freep.com/story/news/local/michigan/detroit/2024/03/25/detroit-investment-grade-credit-rating-bankruptcy/73090234007/
Trump owes $454 million for fraud, but can he actually pay it?: Despite the real-estate mogul's $2.6 billion estimated net worth, his lawyers say that it's been ...
iol.co.za/news/world/trump-owes-454-million-for-fraud-but-can-he-actually-pay-it-3ec7a682-1dd1-4de7-b664-22d5378d947e
Quick Glance: Trump Faces State Asset Seizure Deadline
- Donald Trump has until Monday, March 25, to arrange a $464 million bond to prevent the state of New York from seizing some of his assets.
- Trump reportedly lacks the necessary cash to meet the bond requirement, as per his lawyers.
- The demand for payment stems from a three-year investigation by New York Attorney General Letitia James into financial fraud allegations against Trump for inflating asset values.
- Failure to post the bond by the deadline could result in the state seizing assets like a golf course and private estate, leading to potential legal repercussions.
Today in Denmark: A roundup of the latest news on Thursday: Teachers report worsening violence, Danish electric car firm faces bankruptcy ...
thelocal.dk/20240328/today-in-denmark-a-roundup-of-the-latest-news-on-thursday-18
Bankruptcy looms for electric vehicle maker running out of options: Fisker struggles to stay in business as the EV maker faces some harsh realities.
charlotteobserver.com/news/business/article287155875.html
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Dave Ramsey has one blunt word of warning on a key money mistake: Personal finance coach Dave Ramsey explains how a dream can lead to bankruptcy.
sacbee.com/news/business/article286803520.html
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New Jersey Hospital System CarePoint Health Taps Insight to Stabilize Finances: A Michigan company that rescued a bankrupt Chicago hospital has stepped in to run ...
bloomberg.com/news/articles/2024-03-27/troubled-nj-hospital-chain-carepoint-taps-insight-to-stabilize-finances
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OC bookie at center of gambling scandal thought link to Ohtani would help business
ocregister.com/2024/03/27/bookie-at-center-of-gambling-scandal-thought-link-to-ohtani-would-help-business/
Barry Silbert Is the Crypto World’s New Villain: Billionaire Barry Silbert is accused of defrauding thousands of people. Should he get to keep their money ...
nymag.com/intelligencer/article/barry-silbert-is-the-crypto-worlds-new-villain.html
The Crypto Reboot That Wasn’t: Why ‘FTX 2.0’ Floundered: Creditors say FTX’s post-chapter 11 management team missed an opportunity to create a valuable business ...
wsj.com/finance/currencies/the-crypto-reboot-that-wasnt-why-ftx-2-0-floundered-5e729c4c
Pickleball business owner claims to owe $47M. What happened to investors' money?: Rodney Grubbs' sons among hundreds of creditors in forced bankruptcy case.
indystar.com/story/news/investigations/2024/03/27/pickleball-rodney-grubbs-claims-owe-47-million-where-did-investors-money-go/73020466007/
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Consumer Lender Curo Goes Bankrupt as Debt Pile Takes Toll: Consumer lending conglomerate Curo Group Holdings Corp. and affiliates filed for bankruptcy after ...
bloomberg.com/news/articles/2024-03-25/consumer-lender-curo-goes-bankrupt-as-debt-pile-takes-toll
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Electric vehicle maker facing bankruptcy risk negotiates for lifeline: The Tesla rival's shares take a tumble as the company takes a drastic step.
charlotteobserver.com/news/business/article286849195.html
Huge consumer lender misses payments, files Chapter 11 bankruptcy: Chicago-based consumer lender files for Chapter 11 protection to restructure and eliminate $1 ...
charlotteobserver.com/news/business/article287088785.html
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Could Donald Trump go bankrupt? His money and net worth examined: The ex-president boasts of having half a billion pounds cash — but if his pockets really are ...
thetimes.co.uk/article/donald-trump-bankrupt-net-worth-money-bond-jt8j2dxnm
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FTX customers in line for higher payouts as crypto prices soar: Administrators raise $884mn from partial sale of stake in AI start up Anthropic
ft.com/content/ee1579c1-9837-4262-bafa-053cde94e538
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Bankrupt SC remodeling firm's clients want answers, access to their materials: Clients of On the Level Construction say owner Sam Kaufman took their money and ...
postandcourier.com/business/charleston-remodeling-contractor-bankruptcy-trustee/article_f203a84a-eaaf-11ee-9524-6bddcabd58db.html
Cardinals games stay with Bally for 2024. The team wants more streaming options.: The bankruptcy of Bally Sports Midwest's parent company has raised questions ...
stltoday.com/news/local/business/cardinals-games-stay-with-bally-for-2024-the-team-wants-more-streaming-options/article_092d75b2-e7b0-11ee-9f86-27c51c703943.html
How Hertz’s bets on Tesla and a Goldman veteran veered off course: Private equity-backed car rental group is struggling as US drivers shun electric vehicles
ft.com/content/d7980487-7573-4b83-b4c2-218eb12a4f1a
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Bankers Are Lining Up Buyers for FTX’s 8% Stake in AI Startup Anthropic: Report: The proceeds from the sale of the shares, valued at approximately $1 billion ...
coindesk.com/policy/2024/03/22/bankers-are-lining-up-buyers-for-ftxs-8-stake-in-ai-startup-anthropic-report/
Alabama passes bill to help thousands of abused Boy Scouts collect damages: In a rare show of bipartisanship, the Alabama legislature unanimously passed a bill ...
al.com/news/2024/03/alabama-unanimously-passes-bill-to-help-thousands-of-abused-boy-scouts-collect-damages.html
Nursing home co. Petersen Health likely to break up in bankruptcy sale: Elder care company Petersen Health Care plans to sell its nursing homes to new care ...
reuters.com/legal/litigation/nursing-home-co-petersen-health-likely-break-up-bankruptcy-sale-2024-03-22/
Faster, Beefier, Cheaper: The Next-Generation Electric Skateboards Have Arrived: When Boosted Boards, the leading electric skateboard manufacturer ...
on.wsj.com/4andddH
FTX Creditor Platform Buys $60 Million in Bankruptcy Claims: When FTX collapsed in Nov. 2022, Louis d’Origny was just one of more than a million customers who ...
bloomberg.com/news/articles/2024-03-21/platform-built-by-former-ftx-exec-snaps-up-60-million-in-claims
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‘Am I sorry? No’ — 3AC founder. $6B BTC laundered for fast food worker: Asia Express
cointelegraph.com/magazine/3ac-kyle-davies-brit-launders-6b-btc-fast-food-worker-asia-express/
Judge names trustee to run St. Petersburg trust fund that lost $100 million : The appointment follows the resignation of the governing board of the Center for ...
tampabay.com/news/health/2024/03/22/judge-names-trustee-run-st-petersburg-trust-fund-that-lost-100-million/
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Celsius Seeks Return of $2 Billion Withdrawn From Users Before Bankruptcy: Advisers overseeing the wind-down of Celsius Network LLC are demanding major customers ...
bloomberg.com/news/articles/2024-03-20/celsius-seeks-return-of-2-billion-withdrawn-before-bankruptcy
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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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The bankrupt crypto firm Genesis will pay the SEC $21 million over its lending program
qz.com/genesis-to-pay-21m-to-sec-gemini-1851348623
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McKinney man sentenced to five years for hiding PPP loans during bankruptcy: A McKinney man has been sentenced to 60 months in federal prison for concealing ...
dallasnews.com/business/2024/03/22/mckinney-man-sentenced-to-five-years-for-hiding-ppp-loans-during-bankruptcy/
Google-funded San Antonio tech startup CodersLink files Chapter 11: The CEO of the firm, which connects Latin-American tech workers with U.S. companies ...
expressnews.com/business/article/coderslinkbankruptcy-19356141.php
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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/
Major airline learns its Chapter 11 bankruptcy fate: The airline industry has suffered since the covid pandemic changed how and when people travel.
star-telegram.com/news/business/article286923920.html
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Baltimore Archbishop Lori commits ‘to hear directly from the survivors’ in court: Catholic Church attorneys say Archbishop William Lori would attend two proposed ...
baltimoresun.com/2024/03/20/baltimore-lori-proposed-victim-testimony/
London Fund's FTX Bankruptcy Windfall Mired in Legal Battle - Bloomberg: Betting on the remains of FTX is lucrative — and complicated.
bloomberg.com/news/articles/2024-03-18/london-fund-s-ftx-bankruptcy-windfall-mired-in-legal-battle
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Ex-Trump Aide Says He’d Respond To Bankruptcy In 1 Whining Way: ‘I Can Hear It Now’
huffpost.com/entry/stephanie-grisham-donald-trump-bankruptcy_n_65fbf204e4b06c0f22ebd701
Outdoor Voices Barreling Toward Bankruptcy, Former Employees Say: The one-time unicorn DTC brand is headed for bankruptcy after closing all its stores and laying ...
sourcingjournal.com/topics/business-news/outdoor-voices-bankruptcy-abc-law-store-closures-retail-business-500808/
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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
Petersen Health Care Files for Chapter 11 Bankruptcy: Petersen Health Care Inc., a senior living and skilled nursing company that runs nearly 100 facilities in ...
bloomberg.com/news/articles/2024-03-20/senior-living-firm-petersen-health-care-files-for-bankruptcy
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Key shipping company files Chapter 11 bankruptcy: The Illinois-based general freight trucking company filed for Chapter 11 bankruptcy to reorganize.
charlotteobserver.com/news/business/article286717535.html
Judge approves Camden Diocese plan to pay $87.5 million to clergy sex-abuse victims
inquirer.com/news/new-jersey/camden-diocese-priest-sex-abuse-settlement-approved-20240319.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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Fabric and sewing goods chain with 9 SC stores files for bankruptcy: A fabric chain with 9 South Carolina retail stores has filed for bankruptcy protection ...
postandcourier.com/business/joann-south-carolina-bankruptcy-fabric-ohio-cleveland/article_667da94c-e541-11ee-a139-87e087c44df0.html
Another struggling fast-food operator files Chapter 11 bankruptcy: It has been a brutal period for some big-namer operators which are seeing store shutdowns amid ...
trib.al/glw8Mth
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/
Former Sears at Lloyd Center for sale amid bankruptcy proceedings: The owner of the former Sears has hired a real estate company to sell its delinquent property ...
oregonlive.com/business/2024/03/former-sears-at-lloyd-center-for-sale-amid-bankruptcy-proceedings.html
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2 Key Sundance Theaters in Park City Filed for Bankruptcy: Metropolitan Theatres Corporation, which operates Sundance venues the Redstone 8 and Holiday Village ...
indiewire.com/news/business/sundance-theaters-in-park-city-filed-for-bankruptcy-1234964531/
Beloved retailer close to Chapter 11 bankruptcy, store closures: The brand, which has a devoted following, appears set to file, according to two leading services ...
charlotteobserver.com/news/business/article286337420.html
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Genesis, Gemini Must Face SEC Suit Over Crypto ‘Earn’ Program: The Securities and Exchange Commission can proceed with its suit accusing Gemini Trust Co ...
bloomberg.com/news/articles/2024-03-13/genesis-gemini-must-face-sec-suit-over-crypto-earn-program
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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
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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.
Wood pellet maker Enviva declares bankruptcy, hopes to emerge stronger. What went wrong
charlotteobserver.com/news/business/article286625020.html
Beloved mall retailer files Chapter 7 bankruptcy, will liquidate: The struggling chain has given up the fight and will close hundreds of stores around the world.
trib.al/nsiI3P9
Another beloved brewery files Chapter 11 bankruptcy: The beer industry has been devastated by covid, changing tastes, and maybe fallout from the Bud Light ...
charlotteobserver.com/news/business/article286470645.html
Lordstown Motors comes out of bankruptcy with a new name to fight Foxconn: Lordstown Motors has emerged from bankruptcy with a new name and a nearly-singular ...
techcrunch.com/2024/03/15/lordstown-motors-nu-ride-chapter-11-foxconn/
Fisker’s stock plunges more than 40% after bankruptcy report: EV maker reportedly considering a bankruptcy filing
marketwatch.com/story/fiskers-stock-plunges-nearly-40-after-bankruptcy-report-50b6cf47
One of Utah’s oldest federal buildings will be one of its cleanest — energywise: Utah's oldest federal courthouse is getting a complete refurbishing that ...
sltrib.com/news/environment/2024/03/13/one-utahs-oldest-federal-buildings/
Dollar Scholar Asks: Should I Share a Bank Account With My Best Friend?: Sharing all my money with my BFF in a joint bank account can give me a built-in ...
money.com/dollar-scholar-shared-bank-account-friend/
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