Most expensive recall in history forced Japanese auto company Takata to file for bankruptcy
Takata was pushed into bankruptcy after being involved in the complex, expensive recall of explosive airbags. The dangerous ...
Trustee Says Cornell Capital ‘Plundered’ Bankrupt Instant Brands
A trustee for Instant Brands’ creditors accused private-equity firm Cornell Capital of looting the bankrupt kitchen-appliance ...
Axios on MSN1d
Spirit Airlines files bankruptcy after heavy losses
Spirit Airlines filed for Chapter 11 bankruptcy protection on Monday after the budget airline's merger efforts collapsed and ...
Shilo Sanders' bankruptcy battle continues: Will he have to pay a million-dollar settlement?
Shilo Sanders remains entangled in his bankruptcy trial. The Colorado Buffaloes safety will continue to face legal proceedings after a judge postponed the decision to declare a sum ...
Pensions&Investments4d
Lenders sue Cornell Capital over $345 million dividend from bankrupt Instant Brands
Cornell Capital, the former owner of Instant Brands, was accused of misleading lenders about the company’s performance in ...
USA Today13d
TGI Fridays bankruptcy: Concerns about nearly $50 million in unused gift cards
As TGI Friday's bankruptcy process moves forward, some of the beleaguered chain's restaurants are afraid they will be stuck handling nearly $50 million ... pennies on the dollar for it," said ...
Business Insider5d
FTX is suing super PACs and dark-money groups to claw back over $38 million in political giving
After FTX filed for bankruptcy in 2022, some speculated that the company's new leadership would soon try to recover more than $200 million in FTX-linked donations and political contributions.