Chapter 11
The ruling confirmed an earlier decision in April from the High Court of Podgorica which rejected a request to extradite the crypto fugitive to the United States.
Steve Burns, the ousted founder, chairman and CEO of bankrupt EV startup Lordstown Motors, has settled with the U.S. Securities and Exchange Commission over misleading investors about demand for the…
Lordstown Motors has emerged from bankruptcy with a new name and a nearly singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.”…
Thrasio, the U.S. startup that raised billions of dollars and popularized the concept of e-commerce aggregation — buying up and restructuring dozens of smaller brands and third parties selling on…
Singapore-based Terraform Labs (TFL), the company behind digital assets TerraUSD (UST) and Luna, filed for Chapter 11 bankruptcy in Delaware following the collapse of its cryptocurrencies in 2022. Terraform Labs, which…
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SEC’s proposal could affect which crypto companies can manage assets
The SEC proposed a new rule that may back crypto companies further into a corner as regulators continue to crack down on the space.
FTX is seeking to claw back donations made to politicians and PACs. It might seem like an odd request, but it was unsurprising to some legal experts who keep tabs…
Legal experts say unsecured creditors shouldn’t expect much following a number of Chapter 11 bankruptcy cases in the crypto space.
This past year has been hectic for the crypto lending platform BlockFi, and today is no different as the company shared an announcement that it filed for voluntary Chapter 11…
This venture-backed company just filed for Chapter 11 bankruptcy to resolve a patent dispute
In the world of venture-funded companies, not much surprises industry observers. Yet a new strategy by one privately held company might have founders and venture investors wondering if it’s a…
DirecTV now sniffing around Sirius XM: May be looking to brush aside Dish Network in possible deal
This Sirius XM bankruptcy story is starting to read like some trashy novel. There’s now word that DirecTV is getting involved, with the CEO of its parent company Liberty Media,…
Adios, Circuit City. You will be remembered forever as a not-good-enough version of Best Buy (even though Best Buy is pretty suspect, too.) Yes, Circuit City has officially filed for…
Late Friday night the hippest MVNO next to Helio filed for Chapter 11 due to rapid growth and a back-end infrastructure that was unable to handle its 200K subscriber base.…