Kirkland, who is part of the Celsius Network defense team, claims that the representation of Voyager does not give rise to a Section 327 retention concern. David Adler, in a tweet, expressed concerns ...
Tag: Bankruptcy
The third bankruptcy hearing of Celsius inclined toward clients’ relief
The bankruptcy hearing of Celsius on Thursday was mainly focused on custodial account holders. No, any final conclusion was made during Thursday’s hearing. The clients of celsius network want their mo...
Sears Gets Green Light to Wrap Up Bankruptcy Case After 4 Years
A bankruptcy judge signed off on a $180 million settlement of a Sears Holdings Corp. creditor lawsuit against former Chairman Edward S. Lampert and other executives, clearing the final hurdle for the ...
NewAge Says Cost of Internal Probe Contributed to Bankruptcy
NewAge Inc., a publicly traded seller of beverages, supplements and other health and wellness products, said its bankruptcy filing is due in part to the cost of an investigation into a potential viola...
Celsius’ Third Bankruptcy Hearing Yields Little in the Way of Customer Relief
Another hearing for the ongoing bankruptcy case is scheduled for Sept. 14, 2022, though the judge also suggested a separate session to hash out the differences may be beneficial. There is also a heari...
3M’s Bankruptcy Setback Deepens Earplug Litigation Troubles
3M Co. had good reason to bet that it could use U.S. bankruptcy laws to shield itself from a mountain of personal-injury lawsuits filed over its allegedly defective military earplugs. But after a bank...
Is Three Arrows Capital Moving Funds Between Exchanges Amid Bankruptcy?
Beleaguered crypto hedge fund Three Arrows Capital’s assets are being secured and liquidated by court-appointed liquidator Teneo after the firm filed for bankruptcy. According to blockchain explorer O...
Bankruptcy Courts Are Good At Adjudicating Tort Claims
Economists tend to view tort law differently than lawyers—or state attorney generals—and this difference explains both the advent of bankruptcy trusts in adjudicating class action liability claims and...
Analysis of Judge’s Approval for Voyager Digital’s Key Employee Retention Awards
August 28, 2022, 2:04PM EDT • 2 min read Quick Take Voyager Digital bankruptcy court judge rules in favor of $1.6mm compensation package to 34 employees Revised figures from initial filing for ~$1.9m...
3M Is Out, Find Other Dividend Stocks Instead
3M Company (MMM) got hammered on Friday afternoon after a federal judge ruled that 230,000 lawsuits for defective military earplugs can proceed against 3M despite the bankruptcy of its subsidiary that...
3M Bankruptcy Tactic Fails as Combat Earplug Suits Move to Trial
(Bloomberg) — 3M Co.’s plan to use controversial bankruptcy rules to shield itself from some 230,000 lawsuits over military earplugs looked like a relatively simple fix to a long-simmering probl...
Voyager extends deadline for bids to September 6
Voyager is extending the timeline for its bidding and restructuring processes, the firm said in a blog post this week. Originally, bids were to be submitted by today with a sale hearing slated for Sep...
Voyager Digital Receives Bankruptcy Court Approval to Pay Employees $1.6 Million Retention Bonus – crypto.news
Insolvent crypto lender Voyager Digital has received permission to pay bonuses amounting to $1.6 million to employees it deems critical to its operations. 34 Members of Staff to Receive Bonus Payments...
Celsius bankruptcy proceedings show complexities amid declining hope of recovery
Celsius Network is one of the many crypto lending firms that have been swept up in the wake of the so-called “crypto contagion.” Rumors of Celsius’ insolvency began circulating in June after the cryp...
3M Is Denied Bankruptcy Shield Against Mass Earplug Claims
A bankruptcy judge declined on Friday to shield 3M Co. from continued litigation involving its military earplugs, a setback for the conglomerate’s attempt to shift the mass injury claims to a friendli...
3M Can’t Use Bankruptcy to Halt Lawsuits Over Combat Earplugs, Judge Rules
(Bloomberg) — 3M Co. lost its fight to block jury trials in more than 230,000 lawsuits accusing it of harming US soldiers. The company’s shares fell on the ruling. Most Read from Bloomberg US Ba...
Voyager approved to pay up to $1.9 million in bonuses to retain employees
A federal judge has signed court orders allowing crypto lender Voyager to pay up to $1.9 million to specific employees for remaining with the firm and sealing their identities as well. The so-called &...
Crypto evangelist Mark Cuban is in trouble due to bankruptcy
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and tech...
Julian Robertson on how to make money — and avoid going bankrupt — in the stock market
Julian Robertson, the billionaire founder of hedge fund Tiger Management, has died at age 90. Robertson was a value-style investor who mentored, and invested with, a new generation of money managers a...
NFT Lending Protocol Bend DAO Proposes New Measures against Bankruptcy Crisis
Subject to the bankruptcy crisis caused by depleted Ethereum reserves, NFT lending protocol Bend DAO has proposed new emergency measures pending a governance vote. The NFT lending protocol provides as...
Dow Jones Dives; Tesla Slips After Elon Musk Move; AMC Craters As Rival Nears Bankruptcy
The Dow Jones Industrial Average was at session lows as indexes continued to retreat. Tesla (TSLA) took a dive after CEO Elon Musk announced a product move. AMC Entertainment (AMC) plunged as rival Ci...
APE Stock Halted, AMC Plummets In Volatile Open For New Dividend
Updated at 3:25 pm EST AMC Entertainment’s (AMC) new preferred dividend, which carries the ticker symbol APE, were halted just minutes after their debut on the New York Stock Exchange Monday a...
3M Awaits Bankruptcy Ruling That Could Sink Litigation Tactic
(Bloomberg) — 3M Co.’s attempt to block jury trials of more than 230,000 lawsuits accusing it of harming US soldiers faces a key test this week in front of a federal judge in Indianapolis. Most ...
AMC shares tank 30% as Regal Cinemas owner warns of potential bankruptcy, APE units begin trading
Shares of theater chain and meme trader favorite AMC fell sharply on Monday as a rival warned of potential bankruptcy and a new preferred share class hit the market. AMC was down 31% on Monday morning...
AMC Stock Plummets on Cineworld Bankruptcy Option, APE Dilution
AMC Entertainment (AMC) shares plunged lower Monday after the movie theatre chain’s largest rival, Cineworld, confirmed it’s considering a Chapter 11 bankruptcy filing in the United Stat...
Cineworld Confirms Bankruptcy Rumors As Financial Woes Bite
Topline Beleaguered cinema giant Cineworld, the world’s second biggest movie theater chain and owner of Regal Cinemas, confirmed on Monday it is considering filing for bankruptcy in the U.S. as it str...
Cineworld Says Considering Chapter 11 Filing in U.S.
Text size Cineworld said Regal theaters were “open for business as usual and continue to welcome guests and members.” Jim Watson/AFP via Getty Images Cineworld Group , the owner of Regal C...
Celsius Spent Over $40m on Crypto Mining in First Two Weeks after Bankruptcy
Celsius Network LLC used more than $40 million in cash on its startup mining operation in the first two weeks after filing for bankruptcy, according to a report from the Wall Street Journal (WSJ). The...
Movie Theaters Brace for a Rough Intermission
Cineworld doesn’t seem to have much faith in The Rock, though he probably shouldn’t take it personally. The U.K.-based owner of the Regal Cinemas movie-theater chain is preparing to file for chapter ...
Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags
Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar ...