Bankruptcy court trustee plans to shut down Alex Jones' Infowars, liquidate assets
The bankruptcy trustee for Alex Jones said on Monday that he plans to shut down Jones’ media site Infowars and liquidate his business assets to repay the families of the victims of the Sandy Hook High School shooting. Court-appointed trustee Christopher Murray said in an “emergency” motion that he would conduct an “orderly winding down” […]
Rite Aid Approaches 550 Store Closures as Bankruptcy Proceeding Continues
Rite Aid plans to close 27 more stores in Ohio and Michigan as it moves through bankruptcy, according to court documents. Rite Aid closed more than 520 stores after filing for reorganization in October, NBC News reported. report Most of the closures occurred in Pennsylvania and neighboring states, with more than 100 stores closing in […]
Rite Aid to close over two dozen stores amid bankruptcy proceedings
Rite Aid plans to close more than 20 more stores in two states. The drugstore chain filed a “Notice of Additional Store Closures” in federal bankruptcy court in New Jersey on Monday, adding a total of 27 stores in Michigan and Ohio to its closures. Twelve of those are in Michigan, according to the filing. […]
FTX Customers ‘Aggrieved and Robbed’ by Bankruptcy Process
Victims of disgraced former FTX CEO Sam Bankman Freed’s fraud are seeking a ruling that the failed crypto exchange’s seized assets belong to its customers, not its bankruptcy estate, calling it a “second act of theft.” In May, the bankruptcy estate was suggested The restructuring plan allows 98% of creditors to receive 118% of their […]
Tesla rival Fisker files for bankruptcy after glitches doomed Ocean SUVs
US electric car maker Fisker Inc filed for bankruptcy late on Monday as it seeks to salvage the business through asset sales and debt restructuring after burning through cash to expand production of its Ocean SUV. In the competitive EV market, several companies, including Proterra, Lordstown and Electric Last Mile Solutions, have filed for bankruptcy […]
Bankruptcy Judge Rules Alex Jones Must Liquidate Personal Assets To Pay Sandy Hook Families
A federal bankruptcy judge in Texas ruled Friday that Infowars founder Alex Jones must liquidate personal assets to pay families of victims of the Sandy Hook shooting, rejecting Jones’ proposed bankruptcy plan for Infowars’ parent company, Free Speech Systems. Presiding Judge Christopher Lopez ordered Jones to liquidate his personal assets to pay $1.5 billion in […]
Rudy Giuliani misusing money meant for bankruptcy case to pay salaries of girlfriend, her daughter: creditors
New court documents claim that Rudy Giuliani misused funds set aside for his bankruptcy to pay the salaries of his girlfriend and her daughter. A group of creditors who owe the former New York City mayor more than $150 million are asking a judge to immediately appoint a receiver to manage his estate “to protect […]
Milwaukee Bucks co-owner wants to save Red Lobster from bankruptcy
A Wall Street investment firm run by billionaire Milwaukee Bucks co-owner Wesley Edens could step in to save Red Lobster from bankruptcy, according to reports. Fortress Investment Group, a $48 billion private equity firm that specializes in restructuring distressed companies, is the most likely to take over the embattled casual-dining chain as it seeks to […]
Alex Jones seeks permission to convert his personal bankruptcy into a liquidation
Conspiracy theorist Alex Jones is asking the court for permission to convert his bankruptcy reorganization into a liquidation, which would allow him to sell off most of his assets to partially repay the $1.5 billion he owes the families of the victims of the Sandy Hook Elementary School shooting. Jones and his media company, Free […]
Alex Jones to Convert his Bankruptcy into Chapter 7 Liquidation to Pay Sandy Hook Families
Radio host Alex Jones on Thursday asked a U.S. court to convert his bankruptcy to a Chapter 7 liquidation proceeding, abandoning efforts to settle a huge legal judgment related to comments he made about the 2012 Sandy Hook Elementary School shooting. Reuters Report Jones believes there is “no prospect of a successful restructuring” of the […]