Bankruptcy
US Supreme Court blocks Purdue Pharma bankruptcy settlement
THE US Supreme Court on Thursday (Jun 27) blocked OxyContin maker Purdue Pharma’s bankruptcy settlement that would have shielded its wealthy Sackler family owners from lawsuits over their role...
Troubled electric vehicle maker Fisker files for bankruptcy
ELECTRIC vehicle (EV) startup Fisker has filed for bankruptcy after discussions with a major automaker about an investment ended without a deal.Fisker listed assets of between US$500 million and...
EV maker Fisker files for bankruptcy after its glitchy SUV flops
FISKER filed for bankruptcy on Monday (Jun 17), months after the electric-vehicle startup stopped production of its only model, the oft-malfunctioning Ocean SUV.
The company listed between US$500 million and...
Crypto lender Genesis to return US$3 billion to customers in bankruptcy wind-down
CRYPTO lender Genesis Global received court approval on Friday to return about US$3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving its owner, Digital...
Fashion brand Esprit files for bankruptcy for its European business
ESPRIT Europe and six other German companies of the fashion group will file for insolvency under self-administration on Wednesday (May 15), the company said, as Hong Kong-listed apparel group...
FTX has billions more than needed to pay bankruptcy victims
CRYPTOCURRENCY exchange FTX has amassed billions of US dollars more than it needs to cover what customers lost in its November 2022 collapse, setting them up to receive full...
Apparel company Express seeks quick bankruptcy sale
APPAREL retailer Express said on Tuesday (Apr 23) that it needs to move quickly to a bankruptcy sale in order to avoid a complete liquidation of its business.Express filed...
99 Cents Only Stores announces plans to wind down operations
DISCOUNT retailer 99 Cents Only Stores announced plans to wind down its business operations in a press release on Thursday (Apr 4).The firm has struck an agreement with Hilco...
