Gam1983 3D printing service provider Shapeways (NASDAQ:SHPW) filed for Chapter 7 bankruptcy and ceased all operations. On July 2, 2024, Shapeways (SHPW) and its subsidiaries submitted a voluntary petition for relief under Chapter 7 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware. TheContinue Reading
William Howard/iStock Editorial via Getty Images Some apparently didn’t get the memo, or research the classic case studies on competitive advantage. Chicken Soup for the Soul Entertainment (NASDAQ:CSSE), the parent company of Redbox, has filed for bankruptcy, with a bill of nearly $1B owed to hundreds of creditors, including SonyContinue Reading
Marti157900/iStock Editorial via Getty Images Conn’s (NASDAQ:CONN) may file for Chapter 11 bankruptcy in the coming weeks, as the furniture retailer buckles under years of losses and challenges in integrating rival W.S. Badcock that it acquired last year, sources told Bloomberg. The news pushed Conn’s (CONN) stock down 31% toContinue Reading
Minerva Studio/iStock via Getty Images Delta Apparel filed for Chapter 11 bankruptcy protection in the District of Delaware court on June 30. As part of the bankruptcy filing, Delta Apparel estimated that it had assets of $100 million to $500 million vs. liabilities of $100 million to $500 million. TheContinue Reading
JHVEPhoto/iStock Editorial via Getty Images A bankruptcy court in the U.S. has cleared a restructuring plan forwarded by Rite Aid (OTC:RADCQ) to avoid liquidation and cut its debt by $2B in exchange for handing its control to a group of lenders. At a court hearing in Trenton, New Jersey, onContinue Reading
seb_ra A group of plaintiffs, who allege that Johnson & Johnson’s (NYSE:JNJ) talc-based baby powder caused their cancers, has lost their bid to block the company’s latest effort to use bankruptcy to resolve similar claims after a federal judge rejected their motion. U.S. District Judge Michael Shipp delivered the rulingContinue Reading
Rite Aid (OTC:RADCQ) is seeking approval from a bankruptcy court for its restructuring plan that will cut $2B in debt and emerge from Chapter 11 owned by a group of investors. The company argues that the restructuring plan is the best option to pay its creditors and resume operations, ReutersContinue Reading
mesut zengin/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -21.7% in Tuesday’s trading, on pace for its lowest close in nearly seven years, after disclosing a customer that owes it $11.4M has filed for bankruptcy and may not be able to repay the full amount. Other solar names also trade lower,Continue Reading
Lari Bat/iStock via Getty Images SolarEdge Technologies (NASDAQ:SEDG) -13.9% post-market Monday after announcing plans for a private placement of $300M of convertible senior notes and disclosing that one of its customers filed for Chapter 7 bankruptcy. The company said the proceeds from its offering of convertible senior notes due inContinue Reading
