Bankruptcy

Regal Parent Cineworld Files For Bankruptcy

Regal Parent Cineworld Files For Bankruptcy

The shoe finally fell today as giant theater chain Cineworld filed for Chapter 11. The bankruptcy includes a $1.94 billion debtor-in-possession financing facility from existing lenders to keep things running. Cineworld expects to emerge from Chapter 11 in the first quarter of 2023 and meanwhile will pursue “a real estate optimisation strategy in the US,” …

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Airline's bankruptcy sends Reno, Bay Area airports into tailspin

Airline’s bankruptcy sends Reno, Bay Area airports into tailspin

In this week’s news, Reno-Tahoe-based Aha!, a low-cost regional carrier, has stopped flying after filing for Chapter 11 bankruptcy; Alaska adds capacity between Santa Rosa and Seattle; United drops plan to end LAX-San Diego flights; Delta will add extra service to Las Vegas for CES 2023; the Transportation Department is creating an interactive online dashboard …

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3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

3M combat earplug lawsuits to proceed, judge rules, despite bankruptcy case

The logo of Down Jones Industrial Average stock market index listed company 3M is shown in Irvine, California April 13, 2016. REUTERS/Mike Blake Register now for FREE unlimited access to Reuters.com Register Aug 26 (Reuters) – 3M Co must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after …

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Regal Cinemas owner considers bankruptcy, Fed's possible next rate hike and more: Tuesday's 5 things to know

Regal Cinemas owner considers bankruptcy, Fed’s possible next rate hike and more: Tuesday’s 5 things to know

Check out what’s clicking on FoxBusiness.com. Here are the key events taking place on Tuesday that could impact trading. BANKRUPTCY CONSIDERATION: Cineworld, the owner of Regal Cinemas, confirmed on Monday it is considering filing for Chapter 11 bankruptcy in the U.S. and “associated ancillary proceedings in other jurisdictions” amid an ongoing evaluation of strategic options. “Any such filing …

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Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments

Bonds of Bed Bath & Beyond Collapse on Bankruptcy Fears as Suppliers with Unpaid Bills Halt Shipments

Meme-stock crowd got crushed, shares collapsed 69% in four days. Their billionaire hedge-fund hero, who might have known about the unpaid bills, got out in time. By Wolf Richter for WOLF STREET. The $675 million of senior unsecured 30-year bonds that meme-stock darling Bed Bath & Beyond issued in 2014, and that are due in 2044, with a …

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Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy

Weighed Down by Opioid Litigation, Endo International Files for Bankruptcy

Text size Dreamstime The generic drugmaker Endo International , which faces thousands of lawsuits related to its alleged role in the opioid crisis, filed for bankruptcy late Tuesday morning, while announcing a plan to sell itself through a process administered by the bankruptcy court. As part of its plan, Endo (ticker: ENDP) secured an agreement …

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Alex Mashinsky Traded Celsius’ Book Before Bankruptcy: FT

Alex Mashinsky Traded Celsius’ Book Before Bankruptcy: FT

Share this article Celsius suffered from widely publicized insolvency issues as crypto prices crashed then filed for Chapter 11 bankruptcy in July.  Mashinsky Allegedly Traded Celsius Funds  Alex Mashinsky intervened on Celsius Network’s trading decisions in the months leading up to the firm’s collapse, a Tuesday Financial Times report has claimed. According to the report, …

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Masten Space Systems files for bankruptcy - SpaceNews

Masten Space Systems files for bankruptcy – SpaceNews

Updated 2:25 p.m. Eastern with NASA statement. WASHINGTON — Masten Space Systems, a company developing a lunar lander for a NASA mission, filed for Chapter 11 bankruptcy July 28 with plans to sell one of its major assets to a competitor. Masten filed for Chapter 11 bankruptcy in U.S. Bankruptcy Court for the District of …

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Space company Masten files for bankruptcy after struggle with NASA moon contract

Space company Masten files for bankruptcy after struggle with NASA moon contract

Lunar-focused company Masten Space Systems filed for Chapter 11 bankruptcy protection on Thursday, with the venture winnowed down to a handful of people after layoffs and furloughs. The space company declared as its debts ballooned, tracing back to a NASA contract awarded to Masten two years ago. Once seen as a major win for the …

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US Dollar Exchange Rates and Inflation: What’s Next?

Would be a Hoot If Regulators Cracked Down on Companies BEFORE They Freeze Customer Deposits & Cryptos and File for Bankruptcy

Bankrupt Voyager gets slapped with a cease-and-desist order from the Fed and the FDIC after it’s way too late.   By Wolf Richter for WOLF STREET. This evening, the Federal Reserve Board and the FDIC, as banking regulators, sent out a joint press release, advising the world that they sent a joint letter to Voyager Digital today, in …

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