bankruptcy

Report: SVB Collapse Triggered Record $285 Million Penalty
Report: SVB Collapse Triggered Record $285 Million Penalty
March 12, 2024  |  Banking

Silicon Valley Bank’s (SVB) collapse was one of the largest banking failures in American history. And according to a report Tuesday (March 12) by Bloomberg News, that collapse...

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NerdWallet: We Have Not Filed for Bankruptcy
NerdWallet: We Have Not Filed for Bankruptcy
March 03, 2024  |  Personal Finance

Financial guidance platform NerdWallet says it was the victim of a fraudulent bankruptcy filing. As Reuters reported Saturday (March 2), the company said that it did not...

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Report: Craft Retailer Joann Considers Bankruptcy Filing
Report: Craft Retailer Joann Considers Bankruptcy Filing
March 03, 2024  |  Retail

Fabric/craft supplies retailer Joann is reportedly considering a bankruptcy filing. That filing could come as soon as this week, with the company striking a deal that would...

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Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
Thrasio’s Bankruptcy Spotlights Aggregators’ Decline as Ecosystems Take Shape
February 28, 2024  |  Aggregators

It was a highly successful business model, at least for a while. But the recent filing of Thrasio Holdings for Chapter 11 this week points...

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Bankman-Fried to Appear in Court for First Time Since Conviction
Bankman-Fried to Appear in Court for First Time Since Conviction
February 21, 2024  |  Legal

Sam Bankman-Fried, the founder of bankrupt cryptocurrency exchange FTX, is set to appear in court Wednesday (Feb. 21) for a hearing on his new lawyer’s...

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Report: Apparel Company True Religion Up for Sale
Report: Apparel Company True Religion Up for Sale
February 15, 2024  |  Retail

Apparel company True Religion may be up for sale. The company’s owner, hedge fund Farmstead Capital Management, began the sales process in January, CNBC reported...

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WeWork Co-Founder Hopes to Buy Back Bankrupt Company
WeWork Co-Founder Hopes to Buy Back Bankrupt Company
February 06, 2024  |  Acquisitions

The founder of bankrupt co-working startup WeWork reportedly hopes to buy back the company. Adam Neumann and other investors have been trying to get information from the...

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Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
Cake Files for Bankruptcy, Joining Other Troubled eMobility Firms
February 02, 2024  |  Transportation

Swedish electric motorcycle startup Cake has reportedly filed for bankruptcy. Cake CEO Stefan Ytterborn did not comment on next steps, TechCruch reported Friday (Feb. 2). The company was in the midst...

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Report: Identity Theft Indictments Include Conspirators in $400 Million FTX Hack
Report: Identity Theft Indictments Include Conspirators in $400 Million FTX Hack
February 02, 2024  |  Security & Fraud

Three individuals have been indicted for their involvement in an identity theft conspiracy, which reportedly included a $400 million hack of cryptocurrency exchange FTX. The...

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