Dell to cut 6,650 jobs amid diminishing demand for company’s computers Dell Technologies Inc ... Is this a good-faith request or a cover-up? (Via Axios) – Bankrupt crypto exchange FTX is sending notices to former donor recipients asking for the donated funds to be returned, the company said in a press release Sunday.
The company aims to buy back its claims against the bankrupt digital-asset exchange FTX as well as the company’s claims against investors ... It is true that there is a bankrupt company here, but there are still a lot of people who are looking for some valuable items in the dust in order to save their lives.
Bankrupt FTX is asking politicians and political action committees to return donations made by company employees by the end of the month. The bankrupt crypto exchange said Sunday that it is contacting anyone who received payments made by Sam Bankman-Fried, other FTX executives, or any of the affiliated companies that have filed for bankruptcy.
If it is a giant bankrupt company like General Motors was in 2009, its recreation can get many billions of taxpayer dollars because it is considered “too big to fail.” Compare all these privileges with an individual going bankrupt no matter how wealthy he or she may have been.
Though the bankrupt company admitted its actions in the past calls for a probe relating to mismanagement and fraud, it is convinced that another round of investigation from an examiner will result in more cost and delay to the company’s aim to refund victims of the collapse.
Last week, the court-appointed ‘examiner’ of Celsius, the bankrupt crypto lender, revealed that her investigation showed that the company appeared to be behaving like a Ponzi scheme... Research sued Voyager (both companies are also bankrupt) for loan repayments it said it was owed.
The governor called the special session at the heeding of the state insurance commissioner and is expected to sign both bills into law—one to appropriate the funds for the Insure LouisianaIncentive Program and the other to prevent insolvent or bankrupt companies from receiving any of the money.
The new management of FTX is pressuring hundreds of politicians and political organizations to return millions of dollars donated by the crypto platform or its founders before it went bankrupt last year ... The company added that recipients who gave the funds to a third party, including a charity, aren’t off the hook.
The billionaire acquired the social media company in October for $44 billion, and revealed soon after that it was losing $4 million a day and facing the risk of going bankrupt ... However, Mr Musk tweeted on Sunday that the company was now in a stronger financial position ... The company has applied for regulatory licences across the US.
It's been a bumpy ride for mortgage companies lately. Some lenders have gone out of business, merged with other companies or narrowed their focus ...Higher rates also increased risk for banks and mortgage companies that buy mortgage loans from lenders ... Some mortgage companies have filed for bankruptcy or gone out of business in the past year.
He says he recommended the company’s Baby Powder to ‘countless pregnant women’ and used it himself ... In a separate development, Johnson & Johnson had tried to have a subsidiary company that shoulders litigation declared bankrupt — but last week it was reported that this was rejected by a U.S.