bankruptcy
The Roman Catholic Diocese of San Diego revealed last week that it will possibly need to declare bankruptcy in the coming months in wake of “staggering” legal costs due to hundreds of sexual abuse lawsuits involving former members of the clergy. The Associated Press obtained a letter that was expected to be given to parishioners this past weekend in which Bishop […]
The world’s second-largest theater chain is apparently headed toward bankruptcy. According to the Wall Street Journal, Regal Cinemas owner Cineworld Group is preparing to file for chapter 11 bankruptcy in the United States and insolvency in the United Kingdom. “People familiar with the matter” say the London-based exhibitor has struggled to recover losses from the pandemic, […]
The legal dispute between 50 Cent and Young Buck continues as 50 claims that Buck released work that was in violation of his contract before and after he filed for bankruptcy in January 2020. According to legal documents obtained by AllHipHop, 50’s legal team is asserting that Buck did not fulfill the requirements of his 2014 […]
The computer repairman at the center of the Hunter Biden laptop saga is ready to tell his side of the story. In a new interview with the New York Post, John Paul Mac Isaac, who in 2020 alerted the FBI of incriminating emails, text messages, photos and financial documents on Biden’s infamous laptop, before turning it over to Rudy […]
A major paparazzi agency is facing serious financial issues. According to E! Online, Splash News and Picture Agency filed for Chapter 11 bankruptcy Tuesday, citing the global pandemic as a contributing factors as well as the mounting costs of “two ongoing litigation cases”; one of which involves Meghan Markle. The Duchess of Sussex had sued the company […]
Toys “R” Us is switching management again. It was announced on Monday that the brand management company WHP Global has acquired a controlling interest in the parent company of the once proud/GOAT toy store. Also acquired in the same transaction are controlling interests in Babies “R” Us, plus the Geoffrey the Giraffe brands. “We’re in the brand […]
On Monday, the largest movie theater chain in the world, AMC Theatres, put out a statement saying that declaring bankruptcy is “off the table.” That statement should offer some reassurance to both shareholders and, more applicably for the general public, anybody who still yearns to go to a movie theater again at some point in their freaking lives. […]
The National Rifle Association has filed for chapter 11 bankruptcy protection. The gun rights advocacy group announced the news Friday, stating the move was part of a restructuring plan that will come with “many financial and strategic advantages.” The statement goes on to say that the association will leave New York, which it describes as a “corrupt […]
On Sunday night the COVID-19 pandemic continued wreaking havoc on the service industry (in addition to wreaking havoc on lots of other things, obviously) by being the alleged force driving yet another dining chain into bankruptcy. The latest business to pin its inability to pay back creditors on the coronavirus is Friendly’s, a chain of East […]
The long-running restaurant chain Ruby Tuesday has just filed for chapter 11 bankruptcy protection and is closing 185 of its stores, USA Today reports. With the pandemic still raging, few industries have been hit as hard as the restaurant industry. Not even an established chain like Ruby Tuesday could weather the storm, as it looks to use the […]
