#bankruptcy
#bankruptcy

Law

Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases

Judge rejects J&J's $9B talc settlement, citing ongoing litigation and denial of asbestos-linked cancer claims.

Startup companies

21 hours ago

Troubled startup CaaStle is now facing two new lawsuits and more allegations | TechCrunch

CaaStle faces lawsuits for financial misconduct and fraud, including allegations from partners over unpaid dues and misleading financial practices.

Law

fromwww.nytimes.com

Johnson & Johnson Loses in Court Again in Bid to Settle Talc Cases

Judge rejects J&J's $9B talc settlement, citing ongoing litigation and denial of asbestos-linked cancer claims.

23andMe is filing for bankruptcy. Here's what it means for your genetic data

23andMe has filed for bankruptcy amidst financial struggles and concerns over user data privacy.

fromNature

23andMe plans to sell its huge genetic database: could science benefit?

23andMe, once a prominent genomics firm, is filing for bankruptcy and auctioning its assets, including a vast genetic database.

23andMe files for bankruptcy: How to delete your data | TechCrunch

23andMe filed for bankruptcy protection, raising fears about the future of its customers' genetic data.

Marketing tech

23andMe's rise and fall, in four charts

23andMe files for Chapter 11 bankruptcy amid declining revenues and consumer data privacy concerns.

OMG science

fromFuturism

23andMe Is Crumbling, and That Means Your Genetic Data Is Blowing in the Breeze

23andMe has filed for Chapter 11 bankruptcy, raising concerns about user data privacy and potential company takeover.

Startup companies

Meet Anne Wojcicki, the 23andMe founder who wants to bid on the company after stepping down as CEO

Anne Wojcicki stepped down as CEO of 23andMe amidst the company's bankruptcy protection filing.

US news

fromwww.npr.org

23andMe is filing for bankruptcy. Here's what it means for your genetic data

23andMe has filed for bankruptcy amidst financial struggles and concerns over user data privacy.

fromNature

23andMe plans to sell its huge genetic database: could science benefit?

23andMe, once a prominent genomics firm, is filing for bankruptcy and auctioning its assets, including a vast genetic database.

23andMe files for bankruptcy: How to delete your data | TechCrunch

23andMe filed for bankruptcy protection, raising fears about the future of its customers' genetic data.

Marketing tech

23andMe's rise and fall, in four charts

23andMe files for Chapter 11 bankruptcy amid declining revenues and consumer data privacy concerns.

OMG science

fromFuturism

23andMe Is Crumbling, and That Means Your Genetic Data Is Blowing in the Breeze

23andMe has filed for Chapter 11 bankruptcy, raising concerns about user data privacy and potential company takeover.

Startup companies

Meet Anne Wojcicki, the 23andMe founder who wants to bid on the company after stepping down as CEO

Anne Wojcicki stepped down as CEO of 23andMe amidst the company's bankruptcy protection filing.

Beer

Rite Aid bankruptcy update: report says pharmacy chain may be facing insolvency as more locations close

Rite Aid faces a second bankruptcy filing due to cash flow issues and will likely sell off assets.

2 days ago

Wine

Joann fabrics store closing dates: Here's the full list of locations that will close for good this week

Joann is permanently closing 255 stores due to financial difficulties and bankruptcy.

The closures mark the end of Joann's physical presence in many locations.

fromwww.cbc.ca

Toronto startup

Montreal-based retailer Frank and Oak to close all stores, sell intellectual property | CBC News

Frank and Oak is permanently closing all its stores and restructuring its operations.

The brand will continue under new ownership with potential relaunch plans.

Startup companies

Big Lots store openings update: See the full list of '2nd wave' locations that will reopen for business in May

Variety Wholesalers will reopen 54 Big Lots stores across 12 states next month, following the retailer's bankruptcy and takeover.

Beer

Big Lots stores reopening update: Here's the full list of locations that will open this week

Big Lots will reopen 54 stores on May 1 and 78 stores on May 15 as part of its revival plan.

Beer

Rite Aid bankruptcy update: report says pharmacy chain may be facing insolvency as more locations close

Rite Aid faces a second bankruptcy filing due to cash flow issues and will likely sell off assets.

2 days ago

Wine

Joann fabrics store closing dates: Here's the full list of locations that will close for good this week

Joann is permanently closing 255 stores due to financial difficulties and bankruptcy.

The closures mark the end of Joann's physical presence in many locations.

fromwww.cbc.ca

Toronto startup

Montreal-based retailer Frank and Oak to close all stores, sell intellectual property | CBC News

Frank and Oak is permanently closing all its stores and restructuring its operations.

The brand will continue under new ownership with potential relaunch plans.

Startup companies

Big Lots store openings update: See the full list of '2nd wave' locations that will reopen for business in May

Variety Wholesalers will reopen 54 Big Lots stores across 12 states next month, following the retailer's bankruptcy and takeover.

Beer

Big Lots stores reopening update: Here's the full list of locations that will open this week

Big Lots will reopen 54 stores on May 1 and 78 stores on May 15 as part of its revival plan.

More Bertucci's locations in Mass. close after chain files for bankruptcy again

Bertucci's restaurant chain is closing more locations in Massachusetts due to a recent bankruptcy filing.

#asset-sale

Independent films

Redbox goes up for auction following a wild bankruptcy saga

Redbox's assets, including intellectual property of its brand and films, are being sold off after bankruptcy, triggered by the pandemic and mismanagement.

Startup companies

EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale | TechCrunch

Harbinger's objection could complicate Canoo's bankruptcy asset sale process.

Toronto startup

Mysterious financier asks judge to stop Canoo asset sale | TechCrunch

A mysterious London investor has challenged a flawed asset sale process of Canoo, claiming his superior bid was disregarded.

Independent films

Redbox goes up for auction following a wild bankruptcy saga

Redbox's assets, including intellectual property of its brand and films, are being sold off after bankruptcy, triggered by the pandemic and mismanagement.

Startup companies

EV truck maker Harbinger accuses Canoo of hiding assets in bankruptcy sale | TechCrunch

Harbinger's objection could complicate Canoo's bankruptcy asset sale process.

Toronto startup

Mysterious financier asks judge to stop Canoo asset sale | TechCrunch

A mysterious London investor has challenged a flawed asset sale process of Canoo, claiming his superior bid was disregarded.

NYC startup

What Is the Future Of Spirit Airlines (SAVEQ) Stock?

Spirit Airlines faces uncertainty after filing for bankruptcy, and its future investment potential remains questionable.

Startup companies

Finding a Spirit flight might get a lot harder this summer

Spirit Airlines has cut 12,000 flights this summer compared to last year, indicating a major reduction in service as part of its strategic turnaround.

from24/7 Wall St.

5 days ago

NYC startup

What Is the Future Of Spirit Airlines (SAVEQ) Stock?

Spirit Airlines faces uncertainty after filing for bankruptcy, and its future investment potential remains questionable.

Startup companies

Finding a Spirit flight might get a lot harder this summer

Spirit Airlines has cut 12,000 flights this summer compared to last year, indicating a major reduction in service as part of its strategic turnaround.

The Best Frozen Mozzarella Sticks Come From A Bankrupt Restaurant Chain - Tasting Table

TGI Fridays mozzarella sticks were rated the best among seven frozen brands tested by Tasting Table.

fromBoston.com

US news

Hooters files for bankruptcy protection

Hooters has filed for Chapter 11 bankruptcy but aims to remain operational and strengthen its business.

6 days ago

Food & drink

Number of TGI Fridays has significantly shrunk across the US as chain battles bankruptcy

TGI Fridays has reduced its U.S. restaurant locations significantly, now operating only 85 compared to 270 at the beginning of the year.

Business

Major Burger King franchisee files for Chapter 11 bankruptcy after closing 18 restaurants in Florida and Georgia

Consolidated Burger Holdings filed for Chapter 11 bankruptcy due to significant revenue losses and operational challenges exacerbated by the pandemic.

fromFox Business

Food & drink

The TGI Fridays comeback: From a menu revamp to new social media strategy

TGI Fridays is restructuring under former CEO Ray Blanchette, aiming to regain growth with a renewed focus on food quality and franchisee involvement.

Startup companies

Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yet

Hooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.

Food & drink

fromTasting Table

The Best Frozen Mozzarella Sticks Come From A Bankrupt Restaurant Chain - Tasting Table

TGI Fridays mozzarella sticks were rated the best among seven frozen brands tested by Tasting Table.

fromBoston.com

US news

Hooters files for bankruptcy protection

Hooters has filed for Chapter 11 bankruptcy but aims to remain operational and strengthen its business.

6 days ago

Food & drink

Number of TGI Fridays has significantly shrunk across the US as chain battles bankruptcy

TGI Fridays has reduced its U.S. restaurant locations significantly, now operating only 85 compared to 270 at the beginning of the year.

Business

Major Burger King franchisee files for Chapter 11 bankruptcy after closing 18 restaurants in Florida and Georgia

Consolidated Burger Holdings filed for Chapter 11 bankruptcy due to significant revenue losses and operational challenges exacerbated by the pandemic.

fromFox Business

Food & drink

The TGI Fridays comeback: From a menu revamp to new social media strategy

TGI Fridays is restructuring under former CEO Ray Blanchette, aiming to regain growth with a renewed focus on food quality and franchisee involvement.

Startup companies

Hooters bankruptcy: Brand files for Chapter 11, but won't close restaurants yet

Hooters is shifting from company-owned to franchisee-owned operations after filing for Chapter 11 bankruptcy.

more#restaurant-industry

NYC startup

GameStop CEO Ryan Cohen loses bid to toss lawsuit accusing him of raking in $47M in profit from Bed Bath & Beyond stake sale

Ryan Cohen faces a lawsuit over alleged insider trading related to a Bed Bath stake before its bankruptcy.

The court ruled Cohen must defend against claims for recouping profits from the stock trades.

#resilience

Bootstrapping

I went from the boardroom to bankruptcy. I had to tell my kids I couldn't afford to pay for their college.

Resilience in the face of job loss and economic downturn is crucial for family stability.

fromBuzzFeed

Mental health

"Bankruptcy Isn't A Moral Failing; It's A Societal One": People Who Lost All Their Money Are Sharing What Happened

Financial struggles do not define personal character and should not be judged as failures.

Bootstrapping

I went from the boardroom to bankruptcy. I had to tell my kids I couldn't afford to pay for their college.

Resilience in the face of job loss and economic downturn is crucial for family stability.

fromBuzzFeed

Mental health

"Bankruptcy Isn't A Moral Failing; It's A Societal One": People Who Lost All Their Money Are Sharing What Happened

Financial struggles do not define personal character and should not be judged as failures.

more#resilience

fromwww.theguardian.com

Mental health

The end of WeightWatchers? How the dieting club lost out to slimming drugs

WeightWatchers, now WW, may file for bankruptcy due to over $1.4bn debt amid challenges from new weight loss injections.

The company faces significant financial difficulties as it adapts to changing market dynamics and consumer preferences.

Portland food

fromEater Portland

Vancouver Shari's Location Transforms Into Shake Shack

Shake Shack opens its fourth Portland location, enhancing late-night dining options.

Okta will reopen in May under new leadership with a creative tasting menu.

House Spirits Distillery files for Chapter 11 bankruptcy amid financial struggles.

Kitchen Table magazine seeks support for its upcoming issue focused on community and food.

fromtherealdeal.com

SF real estate

Washington Prime to sell its share of 1.2M sf Westminster Mall

Washington Prime Group is selling the Westminster Mall amid a broader portfolio sale following bankruptcy.

fromSun Sentinel

Startup companies

Spirit Airlines names new CEO from discounter Sun Country Airlines

David Davis has been appointed as the new CEO of Spirit Airlines to lead its transformation after emerging from bankruptcy.

Business

Burger King franchisee with 57 locations files for bankruptcy after owing $37M to creditors

High labor costs and inflation led to the bankruptcy of a major Burger King franchisee operating 57 restaurants.

#restructuring

NYC startup

Vertical farming company Plenty files for bankruptcy after raising nearly $1B | TechCrunch

Plenty files for bankruptcy while securing $20.7 million to restructure and continue operations.

fromMiami Herald

Miami Marlins

UM booster John Ruiz's company says it could close within a year

MSP Recovery's future is uncertain as it faces potential bankruptcy and restructuring amid declining revenues.

NYC startup

Vertical farming company Plenty files for bankruptcy after raising nearly $1B | TechCrunch

Plenty files for bankruptcy while securing $20.7 million to restructure and continue operations.

fromMiami Herald

Miami Marlins

UM booster John Ruiz's company says it could close within a year

MSP Recovery's future is uncertain as it faces potential bankruptcy and restructuring amid declining revenues.

Opinion | Forever 21 Lost to Shein and Temu Selling Ultra-Fast Fashion

Consumer preferences are shifting towards sustainable brands, yet affordability remains a significant barrier to widespread ethical consumption.

Wellness

fromThe Drum

GLP-1 didn't just upend Weight Watchers. It's exposing a wider brand dilemma

Weight Watchers files for bankruptcy, signaling a shift in weight loss approaches due to the rise of GLP-1 drugs.

Fashion & style

fromwww.nytimes.com

Opinion | Forever 21 Lost to Shein and Temu Selling Ultra-Fast Fashion

Consumer preferences are shifting towards sustainable brands, yet affordability remains a significant barrier to widespread ethical consumption.

Wellness

fromThe Drum

GLP-1 didn't just upend Weight Watchers. It's exposing a wider brand dilemma

Weight Watchers files for bankruptcy, signaling a shift in weight loss approaches due to the rise of GLP-1 drugs.

more#consumer-behavior

Parenting

Dear Abby: What's the deadline for telling my partner I'm pregnant?

Open communication about pregnancy is crucial for planning and support.

Seeking legal guidance can help manage bankruptcy payments.

#trevor-milton

Fundraising

Nikola founder Trevor Milton wants to buy the bankrupt startup's assets | TechCrunch

Trevor Milton is attempting to purchase Nikola's assets from bankruptcy proceedings despite company resistance.

NYC startup

Nikola founder Trevor Milton pardoned by Trump | TechCrunch

Trevor Milton, founder of Nikola, has been pardoned by President Trump after his conviction for fraud, amid the company's bankruptcy proceedings.

Fundraising

Nikola founder Trevor Milton wants to buy the bankrupt startup's assets | TechCrunch

Trevor Milton is attempting to purchase Nikola's assets from bankruptcy proceedings despite company resistance.

NYC startup

Nikola founder Trevor Milton pardoned by Trump | TechCrunch

Trevor Milton, founder of Nikola, has been pardoned by President Trump after his conviction for fraud, amid the company's bankruptcy proceedings.

Privacy professionals

How to Delete Your Data From 23andMe

23andMe filed for Chapter 11 bankruptcy, raising concerns about the privacy of its valuable genetic data.

fromArs Technica

EU data protection

FTC: 23andMe buyer must honor firm's privacy promises for genetic data

FTC monitors 23andMe's bankruptcy due to privacy risks over customer genetic data.

fromwww.dw.com

EU data protection

23andMe: Privacy risks of gene data being sold or leaked DW 03/27/2025

The bankruptcy of 23andMe raises concerns about potential genetic discrimination and data privacy risks for its customers.

Privacy professionals

fromWIRED

How to Delete Your Data From 23andMe

23andMe filed for Chapter 11 bankruptcy, raising concerns about the privacy of its valuable genetic data.

fromArs Technica

FTC: 23andMe buyer must honor firm's privacy promises for genetic data

FTC monitors 23andMe's bankruptcy due to privacy risks over customer genetic data.

fromwww.dw.com

23andMe: Privacy risks of gene data being sold or leaked DW 03/27/2025

The bankruptcy of 23andMe raises concerns about potential genetic discrimination and data privacy risks for its customers.

As the Miami Seaquarium fights eviction, its owner heads for bankruptcy court

Miami Seaquarium's owner seeks bankruptcy protection amid eviction action by Miami-Dade County to restructure debt and stabilize operations.

Silicon Valley

Intellectual property law

Latest line: A good week for Ezra Klein, a bad week for Anne Wojcicki

Ezra Klein advocates for cutting red tape to enhance Democratic fortunes through housing and transit improvements.

Cryptocurrency

fromHackernoon

4 years ago

The Bitcoin Faultline: How Jason Voelker's Case Against Celsius May Redraw the Map of Bankruptcy Law | HackerNoon

Voelker's case against Celsius challenges traditional bankruptcy doctrines, potentially ushering in significant changes in the legal treatment of digital assets.

frompatentlyo.com