Latest News for: Bankrupt companies


BOV shareholders to be asked to approve salary increase for bank’s chairman, non-executive directors

The Malta Independent 22 May 2022
In 2009 BOV had allegedly taken over a trust that held €363m in assets of the shipping company, which went bankrupt in 2012 ... When the shipping company went bankrupt, the bondholders who lost their lifesavings turned to the Maltese bank.

Mired in bankruptcy and fines, this Iowa care facility is fined another $85,000

Ames Tribune 22 May 2022
In March, a federal judge approved the sale of the QHC chain to an East Coast developer who specializes in acquiring bankrupt properties. The buyer is Cedar Health Group, a holding company based in Lakewood, N.J., that is part of a network of companies run by real estate developer Mark Tress.

Gozo-Malta airplane ticket set to cost €25-€35 – GRDA

The Malta Independent 22 May 2022
Apart from the economic boost, it would also ascertain that the project does not go bankrupt as it would be generating profit. He said that the GRDA has come to know that both flight academies and companies involved in the research and testing of industrial drones would be ...

Billionaires turn their backs on Biden — just as labor forces take hold

Alternet 22 May 2022
To be clear, Twitter, a privately-held company, has no legal obligation to uphold free speech, a constitutional right that ensures citizens can express themselves without government coercion or censorship ... "We are told Tesla would go bankrupt if we unionize because we are not a profitable company yet.".

Coinbase announces plan to deal with unfavourable market conditions

Inside Bitcoins 21 May 2022
The company’s stock has also recorded dips following the Q1 revenues, which could have prompted the company to make these new changes ... The Q1 filings also revealed that Coinbase regarded users as “unsecured creditors.” It said that if the company went bankrupt, user funds would be held by the exchange.

How Bimbo lost its trademark case

Albuquerque Journal 21 May 2022
"I've never aggressively sought to have a big company," Sycamore continued ... First, Interstate (by then rebranded Hostess Brands, not to be confused with the current company of the same name) went bankrupt. At the bankruptcy auction, a Portland company bought the rights to Grandma Emilie's bread, and eventually hired Leland Sycamore to bake it.

1981 DeLorean DMC-12 Is Our Bring a Trailer Auction Pick of the Day

Yahoo Daily News 21 May 2022
Photo credit. Bring a Trailer. • Any DMC-12 is an icon of its time, but this twin-turbo DeLorean dials up the 1980s by being formerly owned by the late actor Jim Varney, who played Ernest P. Worrell in a series of beloved movies ... Ernest Goes to Camp ... John Z ... grew out of the ashes of Legend Industries, after the DeLorean collapse bankrupted that company.

As hurricane season nears, Florida lawmakers wrestle with battered property insurance market in special session

Naples Daily News 20 May 2022
Florida lawmakers return to the Capitol to try to stabilize a troubled property insurance market with high rates and companies going bankrupt ... .

Hyderabad: Four scammed by crypto fraudsters, lose Rs 65 lakh

The Times of India 20 May 2022
In the first instance, M Kameswara Rao, 36, a database engineering lead in a tech company and resident of Hyderguda, lost 2.34 lakh ... Subsequently, the app stopped working and the fraudster claimed that the company went bankrupt ... On that, Reddy realized that the crypto investment company is fraud and it duped him to the tune of 40 lakh.

Avalanche Founder Says What Happened to Terra Could Be Equated to What Happened to MT.Gox

Crypto Economy 20 May 2022
The cryptocurrency market witnessed a collapse of Terra LUNA and UST tokens in a short period of time ... However, the company suffered a huge blow in 2014 ... Nonetheless, the company went bankrupt and everything went downhill from there. The mismanagement and incompetency of the company was a major contributor to paving the way for hackers ... ....

Ghost towns dot Western Pa., Pittsburgh landscape and history

Pittsburgh Tribune Review 20 May 2022
New England was a company town for the Skelly Coal Co.’s Elizabeth Mine No ... The company built the village for workers under the condition that they promise to never unionize. The Great Depression, however, caused the company to go bankrupt, leading to the demise of the village, which was bought and sold many times over the years.

Mired in bankruptcy and fines, Winterset care facility is fined another $85,000

News-Press Now 20 May 2022
In March, a federal judge approved the sale of the QHC chain to an East Coast developer who specializes in acquiring bankrupt properties. The buyer is Cedar Health Group, a holding company based in Lakewood, N.J., that is part of a network of companies run by real estate developer Mark Tress.

Google's Russian subsidiary will file for bankruptcy, citing asset seizure

Independent online (SA) 19 May 2022
Google's Moscow-based subsidiary plans to file for bankruptcy, a company spokesperson said, because Russia's seizure of its assets has made it impossible to run its business in the country. It has also moved most of its employees out of the country, the company confirmed.

Erika Jayne shares ex Tom Girardi's condition has continued to deteriorate after he was diagnosed ...

The Daily Mail 19 May 2022
Multiple criminal and civil lawsuits have been filed against Tom and his now-bankrupt company ... Erika — along with her company EJ Global LLC, Girardi, his law firm Girardi & Keese and his lenders — were named in a legal filing by the law firm Edelson PC, which is asking for a ...

An International Review of the Implementation of the Two Covenants in Taiwan: A Missed Opportunity?

Bitter Winter English 19 May 2022
In 2009, Taiwan incorporated the two human rights Covenants into its domestic law ... L. is a renowned scientist who returned to Taiwan and applied for a patent worth $10 million as the company’s capital, with the approval of the authorities, and was then taxed as if the capital contribution was income. He went bankrupt and lost his patents and business.

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