Bankrupt Genesis Global Receives Court Approval for $3,000,000,000 Payout to Customers

dailyhodl.com A US bankruptcy court has just greenlighted the liquidation plan of crypto lender Genesis Global to return about $3 billion to its creditors. In a memorandum decision, Judge…

One of the three chains is closing all its U.S. and Canadian stores while the other two are shutting down select locations

thestreet.com The retail apocalypse keeps claiming brands with a long history. Even though the retail market has largely recovered, stores keep filing for bankruptcy with many not making…

Genesis wins court nod to return $3 billion to creditors

cryptobriefing.com Bankrupt crypto lending company Genesis Global Holdco received court permission to return approximately $3 billion in cash and crypto assets to its creditors as part of its…

Genesis Creditors to Receive 97% Payout by May Following Court Nod

coingape.com Genesis Global has been given the green light by the bankruptcy court to start a payout plan that will give back almost 97% of its assets to its creditors. The decision was…

Why the Steward Health Bankruptcy Filing May Be a Good Thing for Medical Properties Trust in the Long Run

fool.com It was news that many Medical Properties Trust (MPW -2.15%) investors may have been expecting: Steward Health is filing for bankruptcy protection. That development broke…

Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’

fortune.com Bankrupt crypto lender Genesis Global Capital won court approval of its plan to distribute billions of dollars in digital assets and cash to creditors, defeating a legal…

Crypto lender Genesis to return $3 billion to customers in bankruptcy wind-down

finance.yahoo.com Crypto lender Genesis Global received court approval on Friday to return about $3 billion in cash and cryptocurrency to its customers in a bankruptcy liquidation, leaving…

Once-loved grocery stores that are sadly no more

aol.com Countless grocery store chains have come and gone over the years, many that were household names at one point in time. With competition from upstarts, razor thin profit…

Court Approves Crypto Lender Genesis’ $3 Billion Payout to Customers

news.bitcoin.com Crypto lender Genesis Global obtained court approval Friday to return approximately $3 billion to its customers as part of its bankruptcy liquidation. U.S. Bankruptcy Judge…

Problems mount as restaurant chain eyes Chapter 11 bankruptcy

thestreet.com The big food court in the sky, or maybe it's a downtown entertainment district, features a lot of restaurants that once had a big following. You may not remember them all,…

Judge Approves Genesis Global’s $3 Billion Customer Repayment Plan

beincrypto.com Bankrupt crypto lender Genesis Global has been approved by a bankruptcy court to return approximately $3 billion in cash and cryptocurrency to its customers. Significantly,…

Failed crypto lender Genesis will return about $3bn to creditors

dlnews.com Genesis will return about $3bn to creditors Bankruptcy Judge Sean Lane late Friday approved failed crypto lender Genesis Global’s Chapter 11 liquidation plan, which will pay…

Court Approves Genesis Global’s $3 Billion Repayment Plan, Overruling DCG Challenge

coinpedia.org Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010.…

Genesis Debt Repayment: Creditors Get Greater Priority Over DCG

coingape.com Genesis Global, the bankrupt cryptocurrency lender secured a court approval in order to distribute billions of dollars in digital assets to the creditors. This is the second…

Crypto Lender Genesis Global Gets Wind-Down Plan Approved

wsj.com A bankruptcy judge approved a chapter 11 wind-down plan for Genesis that will pay back creditors about 77% of the same digital assets that they lent to the cryptocurrency…

Red Lobster sells entire contents of two Georgia locations for $15K each

11alive.com The price included everything from lobster traps to crabby utensils. Example video title will go here for this video Example video title will go here for this video GEORGIA,…

Largest charter, cargo airline liquidates in Chapter 7 bankruptcy

thestreet.com Major airlines don't file for bankruptcy very often. The last significant airline bankruptcy was Republic Airways Holdings' Chapter 11 filing in February 2016, and before…

Red Lobster could face lawsuits over closures: Attorney

newsweek.com The sudden closure of dozens of Red Lobster restaurants across the U.S., which was not officially announced by the company, might lead the struggling seafood chain to face…

Popular coffee company in Chapter 11 bankruptcy faces new problem

thestreet.com When a handful of companies dominate a market, any new entrant to the space must find a niche. That niche can grow into something big, but the effort is a major challenge…

Red Lobster is in trouble

newsweek.com The abrupt closure of more than 50 Red Lobster restaurants across the country on Monday revealed just how deep the crisis experienced by the seafood chain is—and put a…

Red Lobster closes dozens of locations, including 1 in Washington

mynorthwest.com Dozens of Red Lobster locations across the U.S. are on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off the…

Essential cancer treatment company files Chapter 11 bankruptcy

thestreet.com Chapter 11 bankruptcy filings in 2024 by biotech companies and other healthcare firms continued to rise after a steady increase over the last three years. Bankruptcy filings…

A US trustee wants troubled fintech Synapse to be liquidated via Chapter 7 bankruptcy, cites ‘gross mismanagement’

techcrunch.com The prospects for troubled banking-as-a-service startup Synapse have gone from bad to worse this week after the United States Trustee filed an emergency motion on Wednesday.…

MLB raises concerns over Diamond Sports dispute with Comcast

thedesk.net The inability to reach a deal with Comcast impairs Diamond Sports' ability to meet its post-bankruptcy financial commitments, lawyers for MLB say. The inability to reach a…

Bitcoin Mining Profitability Hits An All Time Low, But Here’s Who Is Still Thriving

forbes.com The halving—a quadrennial event that reduces the number of bitcoins miners generate in each block—dropped Bitcoin’s block subsidy from 6.25 BTC to 3.125 BTC. Miners now earn…

Never Mind Market Efficiency: Are the Markets Sensible?

morningstar.com So Much for Efficiency I began this article with the goal of addressing an academic notion, the efficient-market hypothesis, or EMH. My research dissuaded me. In one…

Red Lobster accused of blindsiding workers with a recent harsh decision

thestreet.com Red Lobster is facing the wrath of its former employees on social media after laying them off earlier this week as a result of it closing over 50 of its stores in the U.S.…

Bill Gates-Backed Battery Tech Company Files For Bankruptcy Amid 9% Decline In Energy Sector Investments In 2023

benzinga.com Ambri Inc., a Massachusetts-based company specializing in battery technology and supported by prominent investors such as Bill Gates, has filed for Chapter 11 bankruptcy…

Red Lobster closes multiple locations as company prepares to file for bankruptcy

goodmorningamerica.com Red Lobster is filing for Chapter 11 bankruptcy and selling off items from newly closed restaurants at auction.

Red Lobster to close dozens of restaurants, including locations in Maryland and Virginia, after ‘endless shrimp' losses

nbcwashington.com Red Lobster’s famous cheddar bay biscuits will soon be harder to find in Maryland and Virginia. More than 50 Red Lobster locations are closing their doors amid the seafood…

FTX Gets Backlash Despite Planned Full Repayment Plus Interest

cryptonews.com FTX Gets Backlash Despite Planned Full Repayment Plus Interest The cryptocurrency exchange FTX went bankrupt in November 2022 after a fraud-fueled collapse, leaving its…

Red Lobster Saga Continues With Closures And Fire Sales

en.money.it Red Lobster is closing down between 48 and 99 of its 600+ locations. The news comes a month after it became known that the restaurant chain was considering Chapter 11…

Reb Lobster accused of blindsiding workers with a recent harsh decision

thestreet.com Red Lobster is facing the wrath of its former employees on social media after laying them off earlier this week as a result of it closing over 50 of its stores in the U.S.…

Red Lobster Suddenly Shutters Dozens of Locations Without Warning Employees, Begins Auctioning Off Equipment

entrepreneur.com It's estimated that nearly 99 locations have been closed across 27 states, and restaurant paraphernalia is up for auction online — including tanks with live lobsters,…

Sam Bankman-Fried Traded In His $35 Million Mansion In The Bahamas For A Prison Cell With 35 Inmates But Claims "He Did Not Do Anything Wrong"

finance.yahoo.com Formerly disgraced FTX CEO and Co-Founder Sam Bankman-Fried was convicted in November of wire fraud, money laundering and conspiracy, and sentenced to 25 years in prison.…

Red Lobster posted job ad days before suddenly closing location

newsweek.com Despite announcing the closure of about 50 restaurants, Red Lobster was hiring in some of the affected locations just days before the shutdowns. At the Salina, Kansas,…

Spirit Airlines CEO Slams "Uninformed Government," Says Airline Industry Is A "Rigged Game" As The Company Struggles To Survive

finance.yahoo.com Spirit Airlines (NYSE:SAVE) was once the target of a hot bidding war between two of its rivals, Frontier Group (NASDAQ:ULCC) and JetBlue Airways (NASDAQ:JBLU). Less than two…

Another airline strands passengers as it files bankruptcy

thestreet.com While the wave of post-pandemic travel demand is still going strong, not all airlines are benefiting when it comes to finances. In the U.S., bankruptcy risk rumors around…

Grocery chain moves from closing stores to liquidation

thestreet.com Sometimes a struggling retailer manages to mask its troubles so customers have no idea that anything might be wrong behind the scenes. That's a good tactic in some ways,…

Rite Aid’s bankruptcy explained: Causes & timeline

thestreet.com Fast facts: Rite Aid has been hemorrhaging money and struggling to keep up in the competitive retail pharmacy industry amid high inflation, rising costs, and a heap of…

Red Lobster's 'Endless Shrimp' and 5 other disastrous promotions

newsweek.com As news broke that Red Lobster was abruptly closing dozens of its restaurants across the country on Monday, several social media users blamed the decline of the seafood…

FTX Extends Deadline for Creditor Claims amidst Refund Promise and Distribution Concerns

coinspeaker.com Coinspeaker FTX Extends Deadline for Creditor Claims amidst Refund Promise and Distribution Concerns FTX, the bankrupt cryptocurrency exchange, has earlier promised to…

Former FTX Executive Ryan Salame Seeks 18-Month Sentence, Citing Cooperation and Remorse

cryptonews.com Ryan Salame, a former executive at FTX who pleaded guilty to election fraud charges in September, is requesting leniency from the court in the form of an 18-month sentence.…

Red Lobster to file for bankruptcy next week

dailymail.co.uk Struggling seafood restaurant chain Red Lobster is preparing to file for bankruptcy next week after abruptly closing at least 48 of its outlets across the US. Red Lobster is…

Red Lobster closes dozens of locations months after 'endless shrimp' losses

abcnews.go.com Dozens of Red Lobster locations across the U.S. are now on the chopping block NEW YORK -- Dozens of Red Lobster locations across the U.S. are on the chopping block.…

National retail chain closes several more stores in bankruptcy

thestreet.com Nationwide retail chains with pharmacy operations sometimes take shoppers by surprise by closing store locations for various reasons. Retailer justification for closing…

Red Lobster could file for bankruptcy this month following the closure of 50+ stores: WSJ

businessinsider.com A Red Lobster restaurant in Times Square in New York. Richard Levine/Corbis via Getty Images Red Lobster could file for Chapter 11 bankruptcy protection next week, per The…

Sullivan & Cromwell Denies Complicity in FTX Fraud, Seeks Lawsuit Dismissal

coingape.com Sullivan & Cromwell has rejected claims that it was complicit in a billion-dollar fraud involving the failed crypto exchange FTX. The law firm has asked a federal judge to…

5 REITs That Just Received Price Target Increases

finance.yahoo.com Analysts carry a great deal of weight on Wall Street and help to shape investor sentiment. Analyst upgrades & price target increases are great motivations for investors to…

Red Lobster restaurants closing locations permanently nationwide? Auction suggests yes

indystar.com Red Lobster locations across the country are popping up with closed signs. A look at the restaurant chain's website reveals 87 stores temporarily closed across 27 states.…

Red Lobster closes dozens of locations across the US just months after ‘endless shrimp’ losses

chicagotribune.com NEW YORK — Dozens of Red Lobster locations across the U.S. are on the chopping block. Restaurant liquidator TAGeX Brands announced this week that it would be auctioning off…