#bankruptcy

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Lund-Based Pengu Studios Declares Bankruptcy Amid Funding Challenges

Pengu Studios, a startup simplifying TTRPGs, has filed for bankruptcy due to insufficient traction and low revenue despite funding and a free platform model.
#party-city

Party City wraps up 40 years in business, will close all locations imminently

Party City is closing all stores and ceasing operations due to financial issues and changing consumer shopping habits.

Party City to go out of business for good: reports | amNewYork

Party City is closing all stores nationwide, marking the end of its operations, including locations in New York City.

Party City is going out of business

Party City is shutting down all stores after nearly 40 years in business due to unresolvable financial challenges.

Party City closing all stores nationwide, at least 80 of them in California

Party City is shutting down all stores due to declining sales and financial pressure. This marks the end of an era for the retailer.

Party City is reportedly going out of business and closing all stores

Party City is winding down operations due to severe financial difficulties exacerbated by the COVID-19 pandemic and sustained debt.

Party City closing all stores nationwide, at least 80 of them in California

Party City is closing all stores due to lagging sales and unable to pay rent, marking the end of its decades-long operation.

Party City wraps up 40 years in business, will close all locations imminently

Party City is closing all stores and ceasing operations due to financial issues and changing consumer shopping habits.

Party City to go out of business for good: reports | amNewYork

Party City is closing all stores nationwide, marking the end of its operations, including locations in New York City.

Party City is going out of business

Party City is shutting down all stores after nearly 40 years in business due to unresolvable financial challenges.

Party City closing all stores nationwide, at least 80 of them in California

Party City is shutting down all stores due to declining sales and financial pressure. This marks the end of an era for the retailer.

Party City is reportedly going out of business and closing all stores

Party City is winding down operations due to severe financial difficulties exacerbated by the COVID-19 pandemic and sustained debt.

Party City closing all stores nationwide, at least 80 of them in California

Party City is closing all stores due to lagging sales and unable to pay rent, marking the end of its decades-long operation.
moreparty-city
#retail

Big Lots says it is having going-out-of-business sales as it seeks a new buyer

Big Lots is holding going-out-of-business sales to protect company value while seeking a buyer amid bankruptcy.

Big Lots liquidation looms after plan to sell to Nexus Capital falls apart

Big Lots faces potential liquidation as it struggles with inventory valuation issues and mounting pressure from landlords and creditors amid declining sales.

Big Lots conducts going-out-of-business sales after sale of company falls through

Big Lots is conducting going-out-of-business sales after failing to finalize a sale agreement post-Chapter 11 bankruptcy filing.

Big Lots says it will hold going-out-of-business sales at its remaining stores as it tries to find a buyer

Big Lots is initiating going-out-of-business sales as it does not expect to finalize its sale to a private equity firm.

Big Lots says it is having going-out-of-business sales as it seeks a new buyer

Big Lots is holding going-out-of-business sales to protect company value while seeking a buyer amid bankruptcy.

Big Lots liquidation looms after plan to sell to Nexus Capital falls apart

Big Lots faces potential liquidation as it struggles with inventory valuation issues and mounting pressure from landlords and creditors amid declining sales.

Big Lots conducts going-out-of-business sales after sale of company falls through

Big Lots is conducting going-out-of-business sales after failing to finalize a sale agreement post-Chapter 11 bankruptcy filing.

Big Lots says it will hold going-out-of-business sales at its remaining stores as it tries to find a buyer

Big Lots is initiating going-out-of-business sales as it does not expect to finalize its sale to a private equity firm.
moreretail
#big-lots

Big Lots is closing every store: Going-out-of-business sales will be held at all remaining locations 'in the coming days'

Big Lots is closing all stores and ceasing operations due to financial struggles and failed sale negotiations.

Big Lots is closing more stores: November bankruptcy update lists 19 locations across 8 states

Big Lots is closing 19 locations as part of its Chapter 11 bankruptcy restructuring efforts.

Big Lots is closing every store: Going-out-of-business sales will be held at all remaining locations 'in the coming days'

Big Lots is closing all stores and ceasing operations due to financial struggles and failed sale negotiations.

Big Lots is closing more stores: November bankruptcy update lists 19 locations across 8 states

Big Lots is closing 19 locations as part of its Chapter 11 bankruptcy restructuring efforts.
morebig-lots

Where Food Waste Goes In Southern California | KQED

CRC's bankruptcy recovery raises environmental concerns about oil well cleanup responsibilities in California.

Ocean State Job Lot buys shopping plaza, plans to take over former Christmas Tree Shops space

Ocean State Job Lot is expanding by taking over a former Christmas Tree Shops location, opening in 2025 and creating 70 new jobs.

CA Cannabis Industry Could Face New Hurdle in 2025

California's cannabis industry is facing mounting challenges with federal legalization looking unlikely, leading to bankruptcies and losses among companies.

Opioid Maker Avoids Massive Federal Penalty Through Bankruptcy, Slow-Moving DOJ

The Justice Department reached a settlement with Endo Health Solutions for a reduced penalty of $200 million, despite initial claims of a $1.5 billion fine.
#fisker

Fisker, A Bankrupt Automaker, Sold More EVs Than Volkswagen In October

Fisker, despite bankruptcy, outsold Volkswagen in October EV registrations due to liquidation sales of discounted vehicles.

NHTSA ends its probe into Fisker Ocean units after update

NHTSA closes investigation into Fisker after software fix for shifting issue, enhancing vehicle safety.

Fisker, A Bankrupt Automaker, Sold More EVs Than Volkswagen In October

Fisker, despite bankruptcy, outsold Volkswagen in October EV registrations due to liquidation sales of discounted vehicles.

NHTSA ends its probe into Fisker Ocean units after update

NHTSA closes investigation into Fisker after software fix for shifting issue, enhancing vehicle safety.
morefisker
#investment

AI Founder Promised Amazing Chatbot to Public Schools, Then Allegedly Spent the Money on a Lavish Wedding and Mansion

Joanna Smith-Griffin allegedly misused funds from her AI ed tech firm, leading to bankruptcy and criminal charges.

Trump touts $100B commitment from infamous investor in Bay Area tech

Masayoshi Son plans to invest $100 billion in the U.S. over four years, significantly reinforcing his previous commitments and job creation efforts.

AI Founder Promised Amazing Chatbot to Public Schools, Then Allegedly Spent the Money on a Lavish Wedding and Mansion

Joanna Smith-Griffin allegedly misused funds from her AI ed tech firm, leading to bankruptcy and criminal charges.

Trump touts $100B commitment from infamous investor in Bay Area tech

Masayoshi Son plans to invest $100 billion in the U.S. over four years, significantly reinforcing his previous commitments and job creation efforts.
moreinvestment
#legal-proceedings

Sexual abuse victims testify against Oakland Diocese bankruptcy amid lawsuits

Survivors of childhood sexual abuse addressed the court to share their experiences amid bankruptcy proceedings of the Oakland Diocese.

Alex Jones Hires New Counsel For Screaming Tantrum Phase Of Bankruptcy

Alex Jones's bankruptcy case faces intense scrutiny with new lawyer Shelby Jordan taking aggressive legal action against Sandy Hook parents.

Alex Jones's Lawyer Objects To Entering His Client's Words Into The Record

Alex Jones continues to fight legal battles over his bankruptcy proceedings and personal IP rights after a recent change in representation.

High Court dismisses Sean Dunne's challenge to appointments of bankruptcy trustees

Mr Dunne's bankruptcy exit case dismissed for procedural flaws and unreasonable conduct.

Sexual abuse victims testify against Oakland Diocese bankruptcy amid lawsuits

Survivors of childhood sexual abuse addressed the court to share their experiences amid bankruptcy proceedings of the Oakland Diocese.

Alex Jones Hires New Counsel For Screaming Tantrum Phase Of Bankruptcy

Alex Jones's bankruptcy case faces intense scrutiny with new lawyer Shelby Jordan taking aggressive legal action against Sandy Hook parents.

Alex Jones's Lawyer Objects To Entering His Client's Words Into The Record

Alex Jones continues to fight legal battles over his bankruptcy proceedings and personal IP rights after a recent change in representation.

High Court dismisses Sean Dunne's challenge to appointments of bankruptcy trustees

Mr Dunne's bankruptcy exit case dismissed for procedural flaws and unreasonable conduct.
morelegal-proceedings

Remember Redbox? Meet the People Bringing These Old Machines Into Their Homes

Redbox machines' demise has sparked a DIY movement, giving them new life as tinkerers repurpose abandoned kiosks amid the company's bankruptcy.
#healthcare

The Gilded Age of Medicine Is Here

The acquisition of Steward Health Care by Cerberus Capital Management led to severe operational failures, impacting patient care and resulting in bankruptcy.

Morning Docket: 12.11.24

The Supreme Court's autonomy in case selection poses risks to judicial accountability.
United Healthcare intensifies claims denial strategies impacting patient care.
Alex Jones' bankruptcy resolution raises accountability issues.
Judiciary blocks major grocery merger to maintain market competition.

The Gilded Age of Medicine Is Here

The acquisition of Steward Health Care by Cerberus Capital Management led to severe operational failures, impacting patient care and resulting in bankruptcy.

Morning Docket: 12.11.24

The Supreme Court's autonomy in case selection poses risks to judicial accountability.
United Healthcare intensifies claims denial strategies impacting patient care.
Alex Jones' bankruptcy resolution raises accountability issues.
Judiciary blocks major grocery merger to maintain market competition.
morehealthcare
#infowars

Bidders are back in court battling over the auction of Alex Jones' Infowars

The future of Alex Jones' Infowars show hangs in the balance due to ongoing bankruptcy proceedings and a contentious auction.

Infowars Sale To The Onion Plagued By Alex Jones-Level Chaos

The Onion's acquisition of Free Speech Systems sparks legal controversy and accusations of misconduct during bankruptcy auction process.

Judge Rejects Sale of Infowars to The Onion: What to Know

The auction sale of Alex Jones' Infowars to The Onion was rejected due to a flawed bidding process and inadequate compensation for Sandy Hook families.

'The Onion''s winning bid on Alex Jones's Infowars gets rejected by a judge. Here's why

The federal judge rejected the sale of Infowars, citing auction flaws and concern for Sandy Hook families' compensation.

Bankruptcy judge rules against The Onion's acquisition of Infowars

The Onion's acquisition of Infowars was blocked by a bankruptcy judge due to a flawed auction process.

Alex Jones asks judge to halt sale of Infowars site to The Onion

Alex Jones is challenging the sale of Infowars, claiming collusion involving The Onion and Sandy Hook families.

Bidders are back in court battling over the auction of Alex Jones' Infowars

The future of Alex Jones' Infowars show hangs in the balance due to ongoing bankruptcy proceedings and a contentious auction.

Infowars Sale To The Onion Plagued By Alex Jones-Level Chaos

The Onion's acquisition of Free Speech Systems sparks legal controversy and accusations of misconduct during bankruptcy auction process.

Judge Rejects Sale of Infowars to The Onion: What to Know

The auction sale of Alex Jones' Infowars to The Onion was rejected due to a flawed bidding process and inadequate compensation for Sandy Hook families.

'The Onion''s winning bid on Alex Jones's Infowars gets rejected by a judge. Here's why

The federal judge rejected the sale of Infowars, citing auction flaws and concern for Sandy Hook families' compensation.

Bankruptcy judge rules against The Onion's acquisition of Infowars

The Onion's acquisition of Infowars was blocked by a bankruptcy judge due to a flawed auction process.

Alex Jones asks judge to halt sale of Infowars site to The Onion

Alex Jones is challenging the sale of Infowars, claiming collusion involving The Onion and Sandy Hook families.
moreinfowars

The Onion's controversial purchase of Alex Jones' Infowars stopped by US judge

The auction for Infowars was flawed, leading to undervalued bids amid Jones' significant bankruptcy debts. Judge Lopez criticized the hasty auction process.
#stoli-group

Putin and ransomware blamed for Stoli US bankruptcy filing

Stoli Group's US subsidiaries filed for bankruptcy protection due to financial struggles worsened by a ransomware attack and a prolonged legal battle.

Struggling budget vodka maker Stoli has filed for bankruptcy as Gen Z turns away from alcohol

Stoli Group USA filed for Chapter 11 bankruptcy due to significant financial difficulties and shifting consumer trends in the spirits market.

Putin and ransomware blamed for Stoli US bankruptcy filing

Stoli Group's US subsidiaries filed for bankruptcy protection due to financial struggles worsened by a ransomware attack and a prolonged legal battle.

Struggling budget vodka maker Stoli has filed for bankruptcy as Gen Z turns away from alcohol

Stoli Group USA filed for Chapter 11 bankruptcy due to significant financial difficulties and shifting consumer trends in the spirits market.
morestoli-group
#spirit-airlines

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines files for Chapter 11 bankruptcy, the first major US airline since 2011, citing losses and competitive pressures.

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines has filed for bankruptcy protection to reboot amidst $2.5 billion losses and over $1 billion in impending debt payments.

Spirit Airlines CFO faces 'uphill battle' as airline navigates Chapter 11 process

Spirit Airlines has filed for Chapter 11 bankruptcy to restructure $795 million in debt amidst ongoing financial struggles. Their new CFO will lead the turnaround efforts.

Spirit Airlines files for bankruptcy protection but plans to keep flying

Spirit Airlines filed for Chapter 11 bankruptcy but will continue operations and ticket sales during restructuring.

United CEO Thinks Spirit Will Liquidate Assets Following Bankruptcy - What That Could Mean for Travelers

Spirit Airlines faces skepticism regarding its bankruptcy restructuring plans and the likelihood of its survival among industry leaders.

Spirit Airlines declared bankruptcy. Can you still fly, and other questions answered

Spirit Airlines' bankruptcy filing is aimed at restructuring debt and will not affect travelers' holiday plans or existing flight bookings.

US no-frills pioneer Spirit Airlines files for bankruptcy protection

Spirit Airlines files for Chapter 11 bankruptcy, the first major US airline since 2011, citing losses and competitive pressures.

Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom

Spirit Airlines has filed for bankruptcy protection to reboot amidst $2.5 billion losses and over $1 billion in impending debt payments.

Spirit Airlines CFO faces 'uphill battle' as airline navigates Chapter 11 process

Spirit Airlines has filed for Chapter 11 bankruptcy to restructure $795 million in debt amidst ongoing financial struggles. Their new CFO will lead the turnaround efforts.

Spirit Airlines files for bankruptcy protection but plans to keep flying

Spirit Airlines filed for Chapter 11 bankruptcy but will continue operations and ticket sales during restructuring.

United CEO Thinks Spirit Will Liquidate Assets Following Bankruptcy - What That Could Mean for Travelers

Spirit Airlines faces skepticism regarding its bankruptcy restructuring plans and the likelihood of its survival among industry leaders.

Spirit Airlines declared bankruptcy. Can you still fly, and other questions answered

Spirit Airlines' bankruptcy filing is aimed at restructuring debt and will not affect travelers' holiday plans or existing flight bookings.
morespirit-airlines
#restaurant-industry

How America Lost Its Taste for the Middle

Middle-tier casual dining restaurants like TGI Fridays and Denny's are struggling due to changing consumer preferences and inflation.

Eegee's restaurant closes Arizona locations as it becomes the latest 2024 fast food bankruptcy

Eegee's is filing for Chapter 11 bankruptcy due to financial struggles from decreased customer traffic and increased operational costs.

TGI Failure: Why the casual dining chain went bust

TGI Fridays is struggling with declining popularity and has filed for bankruptcy amid financial difficulties.

How America Lost Its Taste for the Middle

Middle-tier casual dining restaurants like TGI Fridays and Denny's are struggling due to changing consumer preferences and inflation.

Eegee's restaurant closes Arizona locations as it becomes the latest 2024 fast food bankruptcy

Eegee's is filing for Chapter 11 bankruptcy due to financial struggles from decreased customer traffic and increased operational costs.

TGI Failure: Why the casual dining chain went bust

TGI Fridays is struggling with declining popularity and has filed for bankruptcy amid financial difficulties.
morerestaurant-industry
#enron

Decades After Its Collapse in Multibillion Dollar Fraud, Enron Shocks and Confuses With Announcement of Its Apparent Relaunch

The revival of the Enron brand on social media raises questions about the company's intentions and public perception after its infamous collapse.

A new Enron website just popped up declaring the disgraced company is back and hiring. Former employees who 'lost everything' think it's a 'sick joke'

A parody effort is attempting to resurrect Enron, alarming former employees who suffered from its notorious corporate fraud.

Decades After Its Collapse in Multibillion Dollar Fraud, Enron Shocks and Confuses With Announcement of Its Apparent Relaunch

The revival of the Enron brand on social media raises questions about the company's intentions and public perception after its infamous collapse.

A new Enron website just popped up declaring the disgraced company is back and hiring. Former employees who 'lost everything' think it's a 'sick joke'

A parody effort is attempting to resurrect Enron, alarming former employees who suffered from its notorious corporate fraud.
moreenron
#fraud

FTX CTO Gary Wang avoids prison time | TechCrunch

Gary Wang's cooperation resulted in no prison time, contrasting with harsher sentences for other FTX executives.

Start-Up Founder Who Sold A.I. Chatbot to Schools Is Charged With Fraud

Joanna Smith-Griffin, founder of AllHere Education, faces serious charges for defrauding investors and misrepresenting company success.

Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud

Alex Mashinsky of Celsius Network plans to plead guilty to two counts of fraud, following federal charges relating to deceiving investors and market manipulation.

FTX CTO Gary Wang avoids prison time | TechCrunch

Gary Wang's cooperation resulted in no prison time, contrasting with harsher sentences for other FTX executives.

Start-Up Founder Who Sold A.I. Chatbot to Schools Is Charged With Fraud

Joanna Smith-Griffin, founder of AllHere Education, faces serious charges for defrauding investors and misrepresenting company success.

Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud

Alex Mashinsky of Celsius Network plans to plead guilty to two counts of fraud, following federal charges relating to deceiving investors and market manipulation.
morefraud

Met drops probe into council's financial woes

The police dropped the investigation into financial mismanagement at Croydon Council, citing no evidence of criminal misconduct despite significant governance failures.

Fisker Ocean Owner Review: $69,012 To $13,500 In One Year

The Fisker Ocean depreciated massively, losing 80% of its value within 10 months, following poor performance and company bankruptcy.

Things aren't looking good for infamous CEO of "health care terrorists"

Steward Health's financial practices raise serious legal concerns, highlighted by investigations and troubling allegations regarding the treatment of a patient's death.

Elon Musk's X files last-minute objection to block the sale of Alex Jones' X accounts

The Alex Jones trial may redefine ownership of social media accounts and digital assets.
#northvolt

An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has filed for Chapter 11 bankruptcy protection due to challenges in production and significant debt.
New funding aids Northvolt's restructuring efforts amid ongoing market demand for EV batteries.

Northvolt, Hailed As Europe's Future EV Battery Champion, Files For Bankruptcy

Northvolt has filed for Chapter 11 bankruptcy to restructure its operations amidst dire financial struggles, despite being a key player in European battery production.

Northvolt files for bankruptcy-putting the breaks on Europe's EV dreams

Northvolt, a leading Swedish battery cell maker, has filed for Chapter 11 bankruptcy protection, jeopardizing European efforts to reduce reliance on Chinese battery makers.

Northvolt files for Chapter 11

Northvolt files for Chapter 11 bankruptcy, aiming to restructure and sustain operations amid significant debt.

Northvolt files for bankruptcy protection in blow to Europe's EV ambitions

Northvolt's Chapter 11 filing highlights dire financial challenges that threaten its role as Europe's battery producer for electric vehicles.

Battery unicorn Northvolt files for bankruptcy, upending Europe's industrial plan | TechCrunch

Northvolt's bankruptcy highlights severe financial struggles and execution challenges within Europe's aspirations for lithium-ion battery manufacturing.

An EV battery maker that raised $15 billion from investors including Goldman Sachs filed for bankruptcy protection after almost running out of cash

Northvolt has filed for Chapter 11 bankruptcy protection due to challenges in production and significant debt.
New funding aids Northvolt's restructuring efforts amid ongoing market demand for EV batteries.

Northvolt, Hailed As Europe's Future EV Battery Champion, Files For Bankruptcy

Northvolt has filed for Chapter 11 bankruptcy to restructure its operations amidst dire financial struggles, despite being a key player in European battery production.

Northvolt files for bankruptcy-putting the breaks on Europe's EV dreams

Northvolt, a leading Swedish battery cell maker, has filed for Chapter 11 bankruptcy protection, jeopardizing European efforts to reduce reliance on Chinese battery makers.

Northvolt files for Chapter 11

Northvolt files for Chapter 11 bankruptcy, aiming to restructure and sustain operations amid significant debt.

Northvolt files for bankruptcy protection in blow to Europe's EV ambitions

Northvolt's Chapter 11 filing highlights dire financial challenges that threaten its role as Europe's battery producer for electric vehicles.

Battery unicorn Northvolt files for bankruptcy, upending Europe's industrial plan | TechCrunch

Northvolt's bankruptcy highlights severe financial struggles and execution challenges within Europe's aspirations for lithium-ion battery manufacturing.
morenorthvolt

Goldman funds take $900 million hit on Northvolt, FT says

Goldman Sachs Asset Management to write off nearly $900 million in Northvolt investments following its bankruptcy protection filing.

Money for tech that matters | TechCrunch

Startups are actively addressing significant industry challenges with substantial funding rounds.
Economic conditions lead to both promising and challenging developments within the startup ecosystem.

McDonald's will carry the $5 meal deal into 2025 to entice cost-wary customers

Fast food chains faced bankruptcies while working to appease customers frustrated by high prices in 2024, leading to low-cost meal offerings.

Are premium passengers the answer to budget airlines' problems?

Delta and United are profitable by appealing to both premium and budget travelers, affecting smaller airlines like Spirit.
Travelers on a budget may face fewer options and higher prices due to Spirit Airlines' bankruptcy.
#red-lobster

Red Lobster's millennial CEO says the chain saw a boost in sales after launching its revamped menu - with no endless shrimp

Red Lobster's revamped menu, excluding endless shrimp, aims to improve sales after bankruptcy.

Red Lobster's CEO has a new favorite dish at the chain he's trying to revive

Red Lobster's CEO is revamping the brand after bankruptcy, focusing on a $70 million plan and a reduced menu with new items.

Red Lobster's millennial CEO says the chain saw a boost in sales after launching its revamped menu - with no endless shrimp

Red Lobster's revamped menu, excluding endless shrimp, aims to improve sales after bankruptcy.

Red Lobster's CEO has a new favorite dish at the chain he's trying to revive

Red Lobster's CEO is revamping the brand after bankruptcy, focusing on a $70 million plan and a reduced menu with new items.
morered-lobster

MLB focusing on media rights plan for all teams

MLB commissioner Rob Manfred expresses relief over Diamond Sports Group's bankruptcy resolution, enabling future media rights flexibility.
#oakland

Oakland accidentally publishes draft report saying city is nearly bankrupt before swapping it with official document

Oakland officials accidentally disclosed a dire financial report warning of a potential bankruptcy, which was swiftly replaced with less alarming language.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.

Oakland accidentally publishes draft report saying city is nearly bankrupt before swapping it with official document

Oakland officials accidentally disclosed a dire financial report warning of a potential bankruptcy, which was swiftly replaced with less alarming language.

Bombshell report that warned of Oakland facing bankruptcy is deleted, replaced

Oakland is facing a significant financial crisis, with officials warning that a bankruptcy may be imminent if spending cuts are not implemented.
moreoakland

Lies, greed and exploding crockpots: How PE firm Cornell Capital's purchase of Instant Brands went very wrong

The bankruptcy case involving Instant Brands reflects issues of greed and deceit among corporate stakeholders, exacerbated by alleged financial manipulation.
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