Tag
#bankruptcy
NEWS
Henrik Fisker Drops Salary to $1 to Keep Fisker Inc. Bankruptcy Case Alive
Fisker Inc. co-founders Henrik Fisker and Geeta Gupta-Fisker have reduced their salaries to $1 to support their EV startup's bankruptcy proceedings. This…
NEWS
Red Lobster Files for Chapter 11 Bankruptcy Amid ‘Endless Shrimp’ Promotion Woes
Red Lobster has filed for Chapter 11 bankruptcy, citing its costly 'Endless Shrimp' promotion, management changes, and rising competition. The seafood chain…
NEWS
How Lego Star Wars Changed the Game for Toy Industry After 25 Years of Partnership
Jens Kronvold Frederiksen's role as the design director at Lego has been integral to the enduring success of the Lego Star Wars…
NEWS
Will Adam Neumanns New Venture Flow Challenge WeWork in the Rental Space
Adam Neumann’s endeavor to reacquire WeWork – the company he co-founded, but from which he was later ousted – effectively came to…
NEWS
Express Inc. Can it Rebound from Bankruptcy?
Express Inc. has filed for Chapter 11 bankruptcy, signaling the end of an era for the long-standing mall brand. The retailer plans…
NEWS
Joann Fabrics Navigates Bankruptcy, Plans to Continue Operations Amidst Nasdaq Delisting
Joann Inc., the venerable operator of the Joann fabrics and sewing store chain, has announced its filing for Chapter 11 bankruptcy amidst…
NEWS
Yellow’s Downfall: A Deep Dive into the Largest Bankruptcy in American Trucking History and Lessons for Entrepreneurs
In the world of American trucking, few names have been as prominent or as influential as Yellow. Once a titan of the…
NEWS
Newchip Online Accelerator Faces Bankruptcy and Controversy Amidst Employee Walkout and Client Discontent
Newchip, the online accelerator that promised to assist startups, is currently facing insolvency and has filed for bankruptcy. The organization has been…
NEWS
Elon Musk claims that after three “very arduous” months, he saved Twitter “from bankruptcy.”
Elon Musk described the previous three months as “very stressful” as he struggled to operate his other businesses, Tesla and SpaceX, as…
NEWS
The appeals court dismissed Johnson & Johnson’s bankruptcy lawsuit involving talc.
A federal appeals court rejected Johnson & Johnson’s plan to use bankruptcy to end the massive legal battle over accusations that its…