State Delaware Financial News

Byju’s said in an emailed response. A representative for the lenders’ group didn’t immediately respond to an email seeking comments. Moneycontrol reported the development earlier.

Terraform Labs has filed for Chapter 11 bankruptcy protection, less than two years after a collapse of the company’s cryptocurrency devastated traders around the world

Terraform Labs, the issuer of the collapsed stablecoin TerraUSD (UST), has filed for Chapter 11 bankruptcy protection in the United States.

Terraform Labs, the company behind the stablecoin TerraUSD, which collapsed and roiled cryptocurrency markets, filed for Chapter 11 bankruptcy in the United States, according to court papers filed on Sunday. Singapore-based Terraform labs, in a filing with the bankruptcy court in Delaware, listed assets and liabilities in the range of $100-$500 million.

Tesla. "I am uncomfortable growing Tesla to be a leader in AI & robotics without having ~25% voting control. Enough to be influential, but not so much that I can’t be overturned.

(Reuters) — Elon Musk said on Monday he would be uncomfortable growing AI/robotics at Tesla (NASDAQ:TSLA) without at least a 25% voting control of the company.

In the previous Saturday's drawing, the winning numbers were 13-31-33-51-58, with the Powerball number being 15 and a Power Play of 2X. As no one secured the grand prize, the jackpot has elevated to $88 million, with a cash value of $43.5 million for the upcoming Monday night drawing.

By Nandita Bose and Trevor Hunnicutt

The aftermath of the FTX collapse continues to unfold with significant developments in the cryptocurrency world. In a notable move, FTX debtors have filed a proposal to determine a fair and reasonable value for user claims based on digital assets. This proposal was submitted on December 27, 2023, to the United States Bankruptcy Court for the District of Delaware. It suggests converting claims into dollar amounts pegged to crypto asset values as of November 11, 2022.

The clock is ticking for Cleveland Browns owner Jimmy Haslam and his family to decide whether to sell their remaining stake in the Pilot truck stop chain to fellow billionaire Warren Buffet's Berkshire Hathaway company

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MenoLabs business, a leading women’s health and dietary supplement branded portfolio from Amyris through Chapter 11 bankruptcy proceeding in the US Bankruptcy Court for the District of Delaware for $3 million. Dr. Reddy’s acquired the entire MenoLabs supplements portfolio which includes seven branded products to treat perimenopause and menopause. Brands include MenoFit and MenoGlow probiotics, Happy Fiber and Well Rested dietary supplements, Athena’s Shield menopause support supplement, and Goodness Glow and Keep Glowing Gorgeous supplements for healthy aging support. The deal also includes the MenoLife health tracker app which supports the product line and provides community, education, and information to consumers regarding menopause. MenoLabs portfolio of products is sold in the United States, primarily through the brand’s own and other e-commerce marketplaces including Amazon and Walmart. “The MenoLabs acquisition will serve as a catalyst to accelerate growth in this space and build upon our aspiration to lead in the fast-growing women’s nutritional and wellness markets,” said Marc Kikuchi, CEO for Dr.

A recent study by researchers at Virginia Tech has brought to light potential geographic biases in ChatGPT, an advanced artificial intelligence (AI) tool. The study, which focused on environmental justice issues, revealed significant variations in ChatGPT's ability to provide location-specific information across different counties. This finding underscores a critical challenge in the development of AI tools: ensuring equitable access to information regardless of geographic location.

FTX Trading Ltd. affiliated debtors have submitted a motion for the entry of an order estimating the value of claims related to digital assets and fiat currency, including customer entitlement claims.

By Blake Brittain

The bankrupt crypto exchange FTX and its debtors have reached a settlement agreement with founder Samuel Bankman-Fried and others to address certain claims related to the acquisition of the stock trading platform Embed.

US Census Bureau's recent data release reveals a noteworthy uptick in the US population, surging by 1.6 million people in the past year. This increase, constituting a 0.5% rise, is attributed to a reduction in deaths and a return to pre-pandemic immigration levels. Demographer Kristie Wilder of the bureau's population division notes, «Although births declined, this was tempered by the near 9% decrease in deaths. Ultimately, fewer deaths paired with rebounding immigration resulted in the nation experiencing its largest population gain since 2018.»

Attorneys for Meta and Mark Zuckerberg are asking a Delaware judge to dismiss a shareholder lawsuit asserting that the loyalties of company directors should not lie exclusively with the social media giant

Lizzo's legal team has filed a motion to dismiss the harassment and discrimination lawsuit brought by a former employee, Asha Daniels, who worked as a clothing designer for the singer's tour. The attorneys argue that the lawsuit, filed in a Los Angeles court in September, is «meritless and salacious,» asserting that Daniels failed to fulfill her assigned duties and eventually neglected her work. Lizzo's legal representatives claim that Daniels was terminated for «abandoning her post» on the day of a concert in Paris, France.

The ongoing saga following the dramatic collapse of Sam Bankman-Fried‘s bankrupt cryptocurrency exchange FTX took a major new turn with a Tuesday announcement detailing a global settlement between FTX Trading Ltd. and FTX Digital Markets Ltd.

FTX Trading Ltd. unveiled its latest proposal for returning billions of dollars to customers and creditors, kicking off a final round of potential squabbles about how best to end the bankruptcy case of the fraud-tainted crypto firm.