Stoli Vodka files for bankruptcy after cyberattack, legal feud with Russia
The maker of Stolichnaya vodka has filed for bankruptcy following a massive cyberattack in September and a continuing legal battle with Russia over who owns the brand. Stoli Group USA filed for Chapter 11 in U.S. Bankruptcy Court in Dallas last week after a “malicious cyberattack” forced it to manually run its global operations “while […]
The Container Store on verge of possible bankruptcy filing as housing market flails: report
The Container Store could be the next household goods chain to file for bankruptcy after a weak housing market and rising prices hit sales, according to a report. The Coppell, Texas-based chain enjoyed a pandemic-driven economic boom in 2020 and 2021. That's because consumers stuck at home took inspiration from Marie Kondo's Netflix hit Tidying […]
X Platform Claims Ownership Of Alex Jones’ Infowars Account Amid Bankruptcy Legal Battle
(L) InfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court. (Photo by Joe Buglewicz/Getty Images) / (R) Photo illustration of the new Twitter logo, London, UK, July 24, 2023. (Photo illustration: Dan Kitwood/Getty Images) OAN Staff Brooke Mallory5:37 PM – Wednesday, November 26, 2024 In the ongoing bankruptcy sale of Alex Jones, […]
X Objects To Bankruptcy Sale Of Alex Jones, Infowars Assets
Elon Musk's Company X on Monday filed a limited objection to the sale or transfer of the X account handled by Alex Jones and his media platform Infowars in an effort to block the acquisition by The Onion. . Company X's legal filing Summary of objections to the transfer of the Infowars X Account, Banned.Video […]
Spirit Airlines CEO Got $3M Bonus Prior to Bankruptcy Filing
Spirit Airlines' CEO reportedly received a huge retention bonus days before the troubled airline declared bankruptcy. Chief Executive Officer Ted Christie's $3.8 million bonus came after the company announced plans to cut some jobs and sell some aircraft. new york post reported on Thursday. According to the article, Christie will receive a bonus if he […]
Spirit Airlines CEO Ted Christie’s $3.8M bonus before bankruptcy
Spirit Airlines CEO Ted Christie reportedly paid a $3.8 million retention bonus a week before the no-frills Florida-based airline was declared bankrupt. That's what it means. Mr. Christie's company last month announced plans to cut an unspecified number of jobs and sell millions of dollars worth of jets, and he will receive a bonus if […]
Major healthcare provider CareMax files for Chapter 11 bankruptcy
HOUSTON (Reuters) – CareMax, which operates 56 medical centers serving mostly elderly patients in Florida, Texas, Tennessee and New York, filed for Chapter 11 bankruptcy protection in Texas on Sunday. The Miami-based company has $693 million in debt and $390 million in assets, according to filings with the U.S. Bankruptcy Court for the Northern District […]
Elon Musk’s X Corp. Files Notice in Alex Jones’ Infowars Bankruptcy Case
Lawyers for Elon Musk's Company X have filed a notice to appear in Alex Jones' Infowars bankruptcy case. “The cavalry is here,” Jones claimed, adding: “Trump is angry.” The judge overseeing the bankruptcy case said he was concerned about how The Onion, a satirical comedy website supported by the families of the Sandy Hook Elementary […]
Spirit Airlines files for bankruptcy
Spirit Airlines, the low-cost airline beleaguered by a shooting and other incidents of violence involving passengers and employees in Haiti, has filed for bankruptcy. in letter Spirit issued a statement Monday to “all Spirit guests” confirming that it has filed for Chapter 11 in hopes of reorganizing its debt. The letter called the move a […]
Spirit Airlines files for bankruptcy as financial losses pile up and debt payments loom
Spirit Airlines announced Monday it will file for bankruptcy protection and try to reboot as it struggles to recover from the pandemic-induced travel slump and a failed plan to sell to JetBlue. Spirit, the largest low-cost airline in the United States, has lost more than $2.5 billion since the beginning of 2020 and is on […]