State Delaware Financial News
15.08 / 23:49
15.08 / 11:27
business
community
Bankruptcy
global crypto community
Prime Trust bankruptcy spotted by crypto community months ahead
Crypto custodian Prime Trust filed for Chapter 11 bankruptcy in the United States state of Delaware on Aug. 14 after reporting shortfalls in customer funds. Prime Trust said it’s working with 25,000 to 50,000 creditors and has liabilities of up to $500 million.
15.08 / 02:03
business
Court
Bankruptcy
Crypto custodian Prime Trust files for Chapter 11 bankruptcy
Crypto custodian Prime Trust has filed for Chapter 11 Bankruptcy in Delaware after it faced a shortfall in customer funds.
14.08 / 12:21
Manufacturing
Entertainment
Software
Tesla
Okta
Inside
fall
Tesla, Nikola and AMC fall premarket; Okta, U.S. Steel rise
Investing.com — U.S. futures traded higher Monday, with investors awaiting more earnings, this time from the crucial retail sector.
12.08 / 11:33
12.08 / 06:17
12.08 / 05:37
Target
Reuters
Career
Fighting
Who is David Weiss, US special counsel in the Hunter Biden case?
By Andrew Goudsward
11.08 / 22:31
UPS
Provident
Action
Entertainment
RIG
HAL
settlement
AMC Entertainment gets approval for revised investor settlement, preferred stock soars
(Corrects, in second paragraph)
11.08 / 17:11
BLOCK
stage
Attorney General Merrick Garland appoints a special counsel in the Hunter Biden probe
Merrick Garland announced Friday he has appointed a special counsel in the Hunter Biden probe, deepening the investigation of the president's son ahead of the 2024 election. Garland said he was naming David Weiss, the U.S. attorney in Delaware who has been probing the financial and business dealings of the president's son, as the special counsel.
11.08 / 14:55
Provident
Yellow
negotiations
week
Trucking firm Yellow extends bankruptcy loan negotiations until next week
NEW YORK (Reuters) — Trucking firm Yellow Corp will extend negotiations on a bankruptcy loan until next week, seeking to explore at least two alternative loan proposals that would provide the company with $142.5 million in new cash, the company's attorney said in court on Friday.
10.08 / 10:21
CEO
show
consultation
FTX Rebuts Creditor Panel’s Statement on Lack of Consultation - Here’s the Latest
The lawyers of the bankrupt crypto exchange FTX which filed for a Chapter 11 in November and collapsed thereafter, have filed a response to the creditor panel’s draft reorganization plans, disapproving the committee’s claims on FTX’s lack of engagement.
10.08 / 08:45
UPS
Provident
Progressive
Chase
show
Deal
Lost
Care a2 Plus’ US partner claims $200m in lost profits from failed deal
The founder of Care A2 Plus changed product labelling approved by regulators in the United States, delaying the delivery of baby formula, the company’s distribution partner has alleged.
09.08 / 16:53
Maxim
CEO
Action
Electric bus maker Proterra files for Chapter 11 bankruptcy protection
Electric bus, van and truck maker Proterra says it is seeking Chapter 11 bankruptcy protection from a federal court in Delaware
08.08 / 02:29
07.08 / 20:55
country
Christmas Tree Shops’ ‘last day’ of business: Here’s all you may want to know
Christmas Tree Shops has announced that August 12 will be its last day and has urged the customers to not miss the last opportunity of buying at its shop. Christmas Tree Shops is a retail chain company selling outdoor furniture, bedding sets, seasonal decor and other home products in 70 stores in 20 states of the country.
07.08 / 14:21
Citizens
Manufacturing
CEO
Yellow
Walmart
Hawkins
US trucking firm Yellow files for bankruptcy, to wind down
(Reuters) -U.S. trucking firm Yellow Corp filed for Chapter 11 bankruptcy protection on Sunday and said it would wind down, after struggling with a mounting debt load and following tense contract negotiations with the Teamsters Union.
05.08 / 02:43
Provident
Waves
Fighting
Covenant
Lawyer
Byju’s lenders accused by lawyer of using bogus loan-default claims to take control
startups, Byju’s, created bogus default claims tied to $1.2 billion in loans as part of a scheme to gain control of the education technology provider, the firm’s lawyer told a judge. The distressed-debt lenders are “playing hardball" to create leverage in negotiations to restructure the loans and causing problems for Byju’s executives, Sheron Korpus, a lawyer for the Bengaluru-base company, said at a hearing in state-court in Delaware Friday. Lenders, including US investment firms Redwood Investments LLC and Silver Point Capital LP, are “making extortionate demands" of Byju’s, putting the ed-tech firm “under a lot of pressure," Korpus told Delaware Chancery Court Judge Morgan Zurn.
04.08 / 02:23
UPS
Man
Google
Racing
Celebrity
exclusive
Google Doodle celebrates 109th birth anniversary of trangender cyclist Willy De Bruyn
Search engine giant Google on Friday celebrated the 109th birth anniversary of Belgian cyclist Willy De Bruyn by creating a doodle of him riding a bicycle. Born in 1914 in Erembodegem, Belgium, De Bruyn was an intersexual person, that is with a combination of male and female biological traits. However, due to stricter gender norms at that time, De Bruyn’s parents had to register him as either a boy or a girl.
03.08 / 04:31
UPS
Progressive
Action
Fighting
Fitch
show
Fitch’s US downgrade is stoking the very fight it warned against
Democrats and Republicans on Wednesday traded blame for the downgrade, with a group of hard-right conservatives promising to dig in during a looming spending fight that could shut down the federal government as soon as Oct. 1.
01.08 / 15:41
regulation
FTX
Court
Terra
Bankruptcy judge signs off on order allowing Terraform Labs to subpoena FTX entities
A judge in the bankruptcy case for defunct crypto exchange FTX has issued an order allowing Terraform Labs to subpoena information that could be used in its case brought by the United States Securities and Exchange Commission (SEC).
31.07 / 13:45
Disney
country
Toronto-based company behind immersive van Gogh exhibit goes bankrupt
Lighthouse Immersive Inc., the company behind an interactive Vincent van Gogh exhibition displayed across North America, has filed for bankruptcy.
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