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Why Trucking Company Yellow Verges on Collapse
One of the oldest and biggest U.S. trucking businesses has been wrecked by a string of mergers that left it saddled with debt and has
$2 Billion Default Followed Warnings to Everyone but Investors
Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC
Trucker Yellow Prepares to File for Bankruptcy as Customers Flee
Trucking company Yellow is preparing to file for bankruptcy, according to people familiar with the matter, heightening the threat that one of the nation’s largest freight
Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims
Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids. Source link
Bankrupt FTX Sues Sam Bankman-Fried, Others to Recoup More Than $1 Billion
The latest lawsuit by new management alleges that transfers of corporate assets were made for the benefit of the co-founder and others. Source link
Carvana Strikes Deal to Avert Cash Crunch
The used-car seller will sell stock and pledge assets to back new debt. Source link
FTX Sues Over European Unit Deal, Seeking to Recover $323 Million
FTX filed a lawsuit on Wednesday against former managers of a Swiss business the bankrupt cryptocurrency exchange had acquired, looking to claw back at least
Mallinckrodt in Talks to Cut Opioid Settlement by Up to $1 Billion
Mallinckrodt, the financially troubled pharmaceutical company, is in discussions with a compensation trust for opioid victims as it seeks to potentially reduce the amount of
National CineMedia Files for Bankruptcy as Latest Casualty of Cinema Slump
National CineMedia LLC, the largest movie-theater advertisement business in North America, filed for bankruptcy Tuesday after facing years of challenges from reduced attendance at cinemas