Today: September 21, 2024
Today: September 21, 2024

Latest From Dietrich Knauth

Business|Economy

Rite Aid seeks bankruptcy court approval to cut $2 billion debt

Rite Aid will ask a U.S. bankruptcy court to approve its restructuring plan on Thursday, seeking to cut $2 billion in debt and turn over control of the company

Rite Aid seeks bankruptcy court approval to cut $2 billion debt
Business|Economy

FTX seeks creditor votes on bankruptcy wind-down payments

Bankrupt crypto exchange FTX received court approval on Tuesday to solicit creditor votes on a liquidation plan that would pay FTX customers back in cash, over

FTX seeks creditor votes on bankruptcy wind-down payments
Business|Health

Rite Aid defeats MedImpact in $200 million Elixir sale dispute

MedImpact's attempt to recoup about $200 million related to its purchase of Rite Aid's pharmacy benefit unit failed after a judge ruled on Monday that it took

Rite Aid defeats MedImpact in $200 million Elixir sale dispute
Business|News

Alex Jones bankruptcy trustee plans to wind down Infowars

A court-appointed bankruptcy trustee on Sunday signaled his intent to shut down Alex Jones' Infowars company, but said he wants to prevent a "money grab" by

Alex Jones bankruptcy trustee plans to wind down Infowars
Business|Technology

Fisker heads toward liquidation as creditors fight over assets

Electric vehicle startup Fisker is headed towards a liquidation, attorneys said in U.S. bankruptcy court on Friday, as two creditor factions previewed a battle

Fisker heads toward liquidation as creditors fight over assets
Business|Food

Rubio's Coastal Grill files for second bankruptcy since 2020

Rubio's Coastal Grill, a California-based restaurant chain known for its fish tacos, filed for bankruptcy protection in Delaware on Wednesday.

Lifestyle|News|Opinion

San Diego Diocese files for bankruptcy after 457 sex abuse claims

The Roman Catholic Diocese of San Diego filed for bankruptcy protection on Monday for the second time, after a recent change to California law prompted 457

San Diego Diocese files for bankruptcy after 457 sex abuse claims
Business|News

Alex Jones' assets to be liquidated as his company exits bankruptcy

A U.S. bankruptcy judge on Friday ordered a court-supervised liquidation of conspiracy theorist Alex Jones' personal assets, but he dismissed the bankruptcy of

Alex Jones' assets to be liquidated as his company exits bankruptcy
Business

Rite Aid moves ahead on restructuring as sale efforts continue

Rite Aid, one of the largest U.S. pharmacy chains, received permission from a U.S. judge on Thursday to begin voting on a bankruptcy restructuring plan that

Rite Aid moves ahead on restructuring as sale efforts continue
Business

Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson

Pharmacy chain Rite Aid has reached a settlement with its lenders, the U.S.

Rite Aid reaches bankruptcy settlement with lenders, DOJ, McKesson
Business

FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion

Crypto exchange FTX said it expects to negotiate U.S. government claims in its bankruptcy down to $3 billion to $5 billion, leaving no money for shareholders

FTX expects US to reduce bankruptcy claim to $3 billion to $5 billion
Business

FTX reaches settlement with BlockFi, may pay up to $874 million

Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies' collapses in 2022, with FTX agreeing to pay BlockFi up to $

FTX reaches settlement with BlockFi, may pay up to $874 million
Business

Brazilian airline Gol gets court approval for $1 billion bankruptcy loan

Bankrupt Brazilian airline Gol received U.S. court approval on Wednesday for a $1 billion loan, after resolving the concerns of a group of lenders that feared

Brazilian airline Gol gets court approval for $1 billion bankruptcy loan
Business

Crypto exchange FTX to sell shares in AI startup Anthropic

Bankrupt crypto exchange FTX may sell its shares in artificial intelligence startup Anthropic, a U.S. judge ruled Thursday. U.S.

Crypto exchange FTX to sell shares in AI startup Anthropic
Business

Invitae gets court approval for five-month bankruptcy sale

Invitae Corp received court approval on Thursday to run a five-month bankruptcy sale process, allowing the genetic testing company to find a buyer and exit from

Invitae gets court approval for five-month bankruptcy sale
Business

IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt

The U.S.

IRS sues FDIC over Silicon Valley Bank's $1.4 billion tax debt
Business

WeWork explores bankruptcy loan options amid landlord dispute

WeWork may be forced to take on a new bankruptcy loan to make up for slower-than-expected progress on rent negotiations, an attorney for the shared office space

WeWork explores bankruptcy loan options amid landlord dispute
Business

Bitcoin miner Core Scientific gets court approval for restructuring

A U.S. bankruptcy judge on Tuesday approved Core Scientific's Chapter 11 restructuring, allowing the bitcoin mining company to cut $400 million in debt and

Bitcoin miner Core Scientific gets court approval for restructuring
Business

SVB Financial plans to hand VC business to creditors

The bankrupt parent company of Silicon Valley Bank plans to turn over its remaining venture capital business to its creditors while it continues to fight U.S.

SVB Financial plans to hand VC business to creditors
Business

Rite Aid gets court approval for $575 million Elixir sale

Pharmacy chain Rite Aid Corp on Tuesday received bankruptcy court approval to sell its Elixir pharmacy benefit manager business for $575 million.

Rite Aid gets court approval for $575 million Elixir sale
Business

Bankrupt trucking co. Yellow approved for $1.88 billion real estate sale

Bankrupt trucking company Yellow Corp received court approval on Tuesday to sell most of its shipping centers and owned real estate to multiple buyers for $1.88

Bankrupt trucking co. Yellow approved for $1.88 billion real estate sale
Business

WeWork resolves landlord objections to bankruptcy financing

WeWork has resolved landlords' objections to its bankruptcy financing agreement, saying on Monday that it had agreed to reserve a portion of any future loans in

WeWork resolves landlord objections to bankruptcy financing
Business

Celsius Network faces roadblocks in pivot to bitcoin mining

Crypto lender Celsius Network may have to seek a new creditor vote on its proposed transformation into a bitcoin mining business, a U.S. bankruptcy judge said

Celsius Network faces roadblocks in pivot to bitcoin mining
Business

Celsius Network pivots to bitcoin mining after bankruptcy

Crypto lender Celsius Network has scaled back its post-bankruptcy business plans to focus only on bitcoin mining, citing U.S. regulators' skepticism of its

Celsius Network pivots to bitcoin mining after bankruptcy
Business

Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit

Rite Aid sued the U.S.

Bankrupt Rite Aid sues US Justice Dept to stop opioid lawsuit

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