Amazon files lawsuit against bankrupt Saks Global over ‘misspent’ investment
A significant legal conflict is brewing between Amazon and Saks Global, with Amazon determined to explore “all legal remedies” to reclaim the $475 million it alleges it’s owed following Saks Global’s recent bankruptcy filing. During a hearing on Wednesday in a U.S. Bankruptcy Court in Houston, Amazon expressed disappointment over the decline of its partnership […]
Bankrupt Yellow reaches agreement with pensions aiming for billions
Yellow Corp Settles Pension Claims Yellow Corp has come to an agreement with 14 pension plans that were pursuing over $7.4 billion from the company, which has been in bankruptcy. Recent documents filed in Delaware Bankruptcy Court reveal that the pension plans will accept lower payments, thus resolving years of disputes regarding Yellow’s financial capacities. […]
Chip Roy labels Democrats a ‘bankrupt party’ following nationwide anti-Trump demonstrations
Government Shutdown Continues as Protests Erupt Rep. Chip Roy from Texas spoke alongside Democrats at a House Republican leadership press conference, marking the 20th day of the government shutdown. This came as protests against President Trump, termed the “No Kings” rallies, gained momentum nationwide over the weekend. Roy criticized the left for their support of […]
Kourtney Kardashian and Walgreens considering purchasing assets from bankrupt Rite Aid, according to reports.
Pharmacy chain Walgreens and reality star Kourtney Kardashian are reportedly among those considering the remaining assets in Rite Aid’s ongoing bankruptcy process, according to two sources familiar with the matter. These sources preferred to remain anonymous due to the confidential nature of the discussions. Alongside Walgreens, Authentic Brands Group and WHP Global Brands are also […]
Bankrupt AI Company Builder.ai’s Bots Turned Out to Be Indian Workers
Builder.ai Faces Bankruptcy Amid Shocking Revelations The tech community is in disbelief as Builder.ai, which was once celebrated as a promising AI startup, has filed for bankruptcy. This dramatic turn comes after it was revealed that the company’s so-called AI capabilities were actually powered by a team of Indian workers. Builder.ai, a UK-based startup valued […]
Bankrupt Joann closing all 800 stores after failing to find buyer
Craft retailer Joanne is planning to go bankrupt and close all of his stores after failing to find a buyer willing to maintain some of the 82-year-old company's 800 US retailers. The company said on Sunday that it plans to sell all its assets to lenders and buyer groups, including the company known as the […]
Hooters bankrupt: NBA All-Star wants eatery to stay afloat
One NBA All-Star is worried about the Hooters' looming bankruptcy. Phoenix Suns Guard Devin Booker was posted on X a day after the restaurant chain announced that it could be heading for Chapter 11. “Plz won't go to @hooters,” Booker tweeted after his victory over the Chicago Bulls on Saturday. For sports coverage on foxnews.com, […]
Infowars sale could be near as feuding Sandy Hook families reach deal on dividing bankrupt Alex Jones’ assets
The families suing Alex Jones over his false claims about the Sandy Hook massacre have resolved their dispute over how to divide the bankrupt conspiracy theorist's assets, paving the way for the sale of Jones' Infowars platform. lawyers said at a court hearing Monday. Joshua Wolfsholl, the attorney for the bankruptcy trustee handling the sale […]
Alex Mashinsky: founder of bankrupt crypto firm to plead guilty to fraud | Cryptocurrencies
Alex Mashinsky, the founder of bankrupt cryptocurrency finance company Celsius Network, said Tuesday he intends to plead guilty to two counts of fraud. The former CEO, 59, was indicted in July last year on seven counts of fraud, conspiracy and market manipulation. Federal prosecutors in Manhattan have alleged that Celsius deceived customers into investing and […]
Creditors of bankrupt gym chain Blink Fitness push to upend sale to UK company
After bankrupt gym chain Blink was sold at auction by Planet Fitness, a group of unsecured creditors were trying to derail the sale to a British company, The Post has learned. Planet Fitness, the largest gym chain in the U.S. with more than 2,000 stores, said it had made an 11th-hour bid to buy Blink, […]