Us Bankruptcy
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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
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"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
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Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
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FTX Bankruptcy: What's Next for Customers After Crypto Exchange's Precipitous Collapse
FTX's collapse last week was followed by the company filing for Chapter 11 bankruptcy protection in the US. The fallen crypto exchange says it could owe money to over 1 million creditors. Here's what customers and creditors can expect ahead of the company's bankruptcy case.
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Under Siege in the U.S., Toy Stores Find New Life in China
Hong Kong-based Fung Retailing Ltd., to share control of the Toys “R” Us stores in China, Japan and Southeast Asia.
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State Pension Funds Question KKR on Role in Toys `R' Us Demise
KKR, Bain Capital and Vornado Realty Trust took over Toys ‘R’ Us in a $7.5 billion leveraged buyout in 2005.
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Who Killed Geoffrey the Giraffe? The Last Days of Toys `R' Us
You want a trip to Toys “R” Us, head office of Geoffrey the Giraffe, to feel like a visit to a sugarplum Toyland.
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India Fraud Probe Drove Modi's Jeweler to U.S. Bankruptcy Filing
Nirav Modi’s international jewelry business got driven toward U.S. bankruptcy protection post the PNB fraud case.
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Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals
Toys “R” Us filed for bankruptcy after loading with debt in a buyout more than a decade ago.
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Reader's Digest parent company files for bankruptcy again
The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry.
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Apple barred from pursuing Kodak patent claims now
Apple Inc, the biggest U.S. company by market value, was told it cannot now pursue ongoing patent infringement litigation against bankrupt photography giant Eastman Kodak Co.
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US bankruptcy petitions jump to 1.4 mn in 2009
Notwithstanding the slow economic recovery, the number of bankruptcy petitions in the US last year soared to 1.4 million, which is a jump of 35 per cent compared to 2008. Moreover, the count of such petitions last year is also the highest since 2005, according to data from the US Federal Courts. The staggering figure of 1.4 million ind...
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US Court Orders Byju's Founder To Pay Over $1 Billion After Default Ruling
A US bankruptcy court has ordered Byju's founder Byju Raveendran to pay over $1.07 billion, holding him personally liable for the movement and concealment of funds from Byju's Alpha, the company's US-based financing arm.
-
"America Going Bankrupt Super Fast": Elon Musk Offers Solution
Billionaire Elon Musk, tasked by President-elect Donald Trump to rein in the excessive US spending, has warned that America could be nearing the verge of bankruptcy.
-
Byju's Must Freeze $533 Million, Says US Bankruptcy Judge In Win For Lenders
Tech firm Think & Learn Pvt must freeze $533 million to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a US judge said on Thursday.
-
FTX Bankruptcy: What's Next for Customers After Crypto Exchange's Precipitous Collapse
FTX's collapse last week was followed by the company filing for Chapter 11 bankruptcy protection in the US. The fallen crypto exchange says it could owe money to over 1 million creditors. Here's what customers and creditors can expect ahead of the company's bankruptcy case.
-
Under Siege in the U.S., Toy Stores Find New Life in China
Hong Kong-based Fung Retailing Ltd., to share control of the Toys “R” Us stores in China, Japan and Southeast Asia.
-
State Pension Funds Question KKR on Role in Toys `R' Us Demise
KKR, Bain Capital and Vornado Realty Trust took over Toys ‘R’ Us in a $7.5 billion leveraged buyout in 2005.
-
Who Killed Geoffrey the Giraffe? The Last Days of Toys `R' Us
You want a trip to Toys “R” Us, head office of Geoffrey the Giraffe, to feel like a visit to a sugarplum Toyland.
-
India Fraud Probe Drove Modi's Jeweler to U.S. Bankruptcy Filing
Nirav Modi’s international jewelry business got driven toward U.S. bankruptcy protection post the PNB fraud case.
-
Toys ‘R’ Us Seeks Bankruptcy, Crushed by Debt and Online Rivals
Toys “R” Us filed for bankruptcy after loading with debt in a buyout more than a decade ago.
-
Reader's Digest parent company files for bankruptcy again
The owner of magazine Reader's Digest, once the staple of doctors' offices and coffee tables, has filed for bankruptcy for the second time in less than four years, citing a greater-than-expected decline of the media industry.
-
Apple barred from pursuing Kodak patent claims now
Apple Inc, the biggest U.S. company by market value, was told it cannot now pursue ongoing patent infringement litigation against bankrupt photography giant Eastman Kodak Co.
-
US bankruptcy petitions jump to 1.4 mn in 2009
Notwithstanding the slow economic recovery, the number of bankruptcy petitions in the US last year soared to 1.4 million, which is a jump of 35 per cent compared to 2008. Moreover, the count of such petitions last year is also the highest since 2005, according to data from the US Federal Courts. The staggering figure of 1.4 million ind...
