The U.S. State Department is preparing to shut down almost a dozen consulates that are mainly in Western Europe in the coming months and is looking to reduce its workforce globally, multiple U.S. officials said on Thursday…
Red Lobster Closing Dozens of Locations as Bankruptcy Possibilities Loom…
…Restaurant liquidation company TageX Brands announced it would be overseeing the sale of equipment at the various closing locations, calling the situation its “largest restaurant equipment auction ever.” Only 48 locations were specifically listed in its catalog…
This MUST Be Stopped: Soros Fund Poised to Take Control of Nation’s Second-Largest Chain of Radio Stations: ‘This is scary’…
George Soros is poised to take a massive stake in the nation’s second-largest radio company, which owns more than 220 stations nationwide, according to court filings and sources close to the situation…
WeSuck: First Came the Hype; then Came Adam Neumann’s Self-Dealing; then Came the IPO Scandal; Now Comes the Bankruptcy…
WeWork, the flexible-office-space company, is the quintessential proof that you can’t put lipstick on a pig forever. On Tuesday, the Wall Street Journal reported that WeWork “ is planning to file for bankruptcy as early as next week….”…
China’s Economy Suddenly Goes Into Deflation…
China’s robust facade wavers as economic instability triggers protests, impacting Xi’s leadership, global partnerships, and energy demand…
‘We’re Going to See a Lot of Bankruptcies’: Former CEO…
Bob Nardelli, the former CEO of Home Depot, is warning about more bankruptcies hitting the U.S. economy, and blames lawmakers for their delay in coming to terms regarding the country’s debt ceiling…
Bombshell Emails Raise Questions about What Sullivan & Cromwell Knew About Fraud at Sam Bankman-Fried’s Crypto Firms…
Just four days before Sam Bankman-Fried’s crypto exchange, FTX, collapsed into bankruptcy, Sullivan & Cromwell law partner Andrew (Andy) Dietderich sent an email to an attorney representing Voyager Digital’s Official Committee of Unsecured Creditors in its bankruptcy proceedings, stating that FTX was “rock solid.”…
18 States Send a Message to FTX Bankruptcy Judge John Dorsey: We’re Watching You…
A showdown in the Delaware bankruptcy proceedings for Sam Bankman-Fried’s collapsed crypto exchange, FTX, before presiding Judge John Dorsey is scheduled for next Monday morning at 9:30…
Sullivan & Cromwell’s Crypto Clients Are in Growing Distress…
The 144-year old law firm, Sullivan & Cromwell, which previously prided itself on being the go-to law firm for Wall Street, decided a few years back to get deep in the swamp with all things crypto. That dicey decision is now playing out in negative headlines that are dragging down the reputation of the 900-attorney law firm…
Serious New Issues Emerge in Sullivan & Cromwell’s Deeply Conflicted Role in the FTX Bankruptcy Case…
…Hoda admonished Sullivan & Cromwell with this: “When you find yourself in a hole, stop digging.” Hoda also accused the 144-year old law firm of “gamesmanship” over its serial delays in advising the court of its seemingly endless conflicts in the matter…
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