South Korean manufacturer SsangYong filed for bankruptcy in January, after it was unable to repay a ￡40 million loan due in December 2020. "Worsening business conditions" as a result of Covid-19 were cited as a contributing factor, however, the firm's UK operations have said they are "tot...
Christie had then declined to take questions on this topic saying the conversations were ongoing. He had in June informed Spirit shareholders that the company was not considering filing for bankruptcy protection. Some analysts on Thursday expected Spirit to work out a deal with its...
The University of the Arts' nine-property, 760,000-square-foot campus portfolio in Center City Philadelphia is now up for sale after the university filed for Chapter 7 bankruptcy in September. In a release Monday, the commercial real estate company JLL announced it would be managing the sale ...
Privacy doors and fully-flat seats are obvious features, but what immediately jumps out is the option for wireless charging for mobile devices.The same color scheme is seen in business class, which, too, comes with its own sliding door, wireless charging, and fully flat seats – miles apart ...
Form 8-K is organized into nine main sections. Each section covers specific types of events or changes that trigger a reporting obligation. Here's a breakdown: Registrant's business and operations: Including material agreements, bankruptcy filings, and mine safety violations. ...
novel tactic involves using a Texas state law to divide a company being sued into two, then shifting liability to one of the newly created subsidiaries. The J&J subsidiary that was to absorb liability for the talc cases, LTL Management, declared bankrup...
A provisional liquidation is an emergency procedure that a company can apply for only after a petition to wind up has been presented at court. Suntech also said it would consider pursuing a Chapter 15 filing in the United States that would allow US courts to recognize a foreign bankruptcy as...
The case was administered by the United States Bankruptcy Court, Southern District of Florida (Miami Division) (the "court"). The court entered an order approving the Plan on April 22, 1999. The Plan provided for the liquidation of Rose's assets and distribution of the proceeds to secured,...
We have a talented team that is committed to serving our customers and eager to take our business to the next level. We’re dedicated to supporting them and their growth as they’ve supported us. Alongside our brand partners, our customers and you, our shareholders, we’re excited for al...
On October 1, 2007, we entered into a definitive agreement to acquire the Boston Stock Exchange, or BSX, for $61.0 million in cash. The BSX acquisition will provide us with an additional license for trading both equities and options and a clearing license. After the close of the BSX acquis...