Wayne LaPierre, the struggling chief executive of the National Rifle Association, said on Wednesday he kept his organization’s recent bankruptcy a secret from nearly all of its senior officials, including its general counsel, chief financial officer and its chief executive officer. main lobbyist. He also failed to brief most of the NRA board members. Mr. […]
Bankruptcy is federal law, so Texas technically follows the same bankruptcy laws as all the other states. However, Texas state statutes and judicial precedents control some very important aspects of filing bankruptcy in Texas. The biggest role played by the state is determining what the bankruptcy exemptions are. The Texas bankruptcy exemptions determine what assets […]
July 1 (Renewables Now) – Indian wind turbine maker Suzlon Energy Ltd (BOM: 532667) on Tuesday reported a net loss attributable to shareholders of INR 570 million (USD 7.7 million / EUR 6.5 million) for its fourth quarter through March 2021, which is an improvement from a loss of INR 8.24 billion a year ago. […]
On June 16, 2021, the Delaware Court of Chancery dismissed the plaintiffs’ motion for partial judgment on pleadings relating to parts of their request for declaratory judgment filed in Dr Thomas Markusic, Dr Maxym Polyakov, et al. vs. Michael Blum, Patrick Joseph King, et al. The plaintiffs have filed the action for declaratory judgment in an effort […]
Mr. Holmes Bakehouse, the cult San Francisco bakery that went mysteriously dark after a brief reopening last summer, has filed for Chapter 7 bankruptcy and its CEO is no longer with the company. All bakery operations, including the location on Larkin Street in San Francisco and an outpost in Los Angeles, have closed for now, […]
Alex and Ani, the Rhode Island bracelet maker who once enjoyed growing popularity in the retail industry behind spirituality and charm bracelets, has filed for Chapter 11 bankruptcy. The company, which had been mired in declining sales, lawsuits and internal strife, said it would continue to operate while working with creditors and restructuring during bankruptcy […]
What Are The Rhode Island Bankruptcy Exemptions? Rhode Island law protects all or a portion of your property from being seized by creditors or the bankruptcy trustee in a Chapter 7 bankruptcy. In a Chapter 13 bankruptcy, you are generally allowed to keep all of your assets and property. Certain exceptions may apply, so it’s […]
Residents of Mumbai-based World Crest World Towers, India’s tallest residential complex, have filed for bankruptcy against Macrotech Developers (formerly Lodha Group), which is one of the country’s largest real estate companies. World Crest said in its National Company Law Tribunal (NCLT) filing that Macrotech had failed to pay its 7.2 crore dues towards a sinking […]
Regal Cinemas takes over the cinema space occupied by the Arclight Sherman Oaks in Sherman Oaks, California. Los Angeles weather reported that Cineworld-owned Regal Cinemas yesterday signed a lease with mall owner Douglas Emmett Inc. Regal is reportedly investing $ 10 million in movie theater renovations by updating it on par with its Regal Irvine Spectrum […]
Quinn Emanuel Urquhart & Sullivan, a newly expanding firm, adds two Foley & Lardner bankruptcy and restructuring litigation partners to its Washington office. The hires of Erika L. Morabito and Brittany J. Nelson follow the opening of a new office by Quinn Emanuel earlier this month in Miami. That involved adding 10 lawyers, some hired […]