11 digitally native retailers at risk of bankruptcy | Retail Dive: These companies were meant to be disruptors to the industry. But as macroeconomic pressures intensify and capital gets harder to find, they may be put to their biggest test.
Business Hotels Face Increased Default Risk in Uneven Travel Recovery: Hotels relying on business travel and conferences are encountering refinancing challenges, partly because of falling property values as occupancy rates stay depressed.
J.C. Penney hasn’t had to release its finances since 2020. Here’s how the retailer is doing. | Retail Dive: The department store insists it’s on a “strong financial footing,” but filings show ongoing volatility under its post-bankruptcy ownership.
Crypto Hedge Fund BKCoin Accused of $100 Million Fraud: US SEC Regulator - Bloomberg: Crypto hedge fund BKCoin Management and Min Woo “Kevin” Kang, one of the firm’s co-founders, are being accused by the US Securities and Exchange Commission of fraud and misusing investor funds.
Report: Malls Preview Commercial Real Estate Collapse | PYMNTS.com: Are malls the canary in the commercial real estate coal mine?
FTX Debtors File Lawsuit Against Grayscale Investments, LLC and its CEO and Owners: FTX Trading Ltd. and its affiliated debtors announced that one of their debtor affiliates, Alameda Research Ltd., filed a lawsuit against Grayscale Investments, LLC in the Court of Chancery in the State of Delaware. The FTX Debtors also asserted claims against Grayscale's CEO, Michael Sonnenshein, and its owners, Digital Currency Group and Barry Silbert.
American Dream Mall Owes NJ Town $8 Million, Lawsuit Says - Bloomberg: A New Jersey town sued the American Dream mall and entertainment complex over its refusal to make about $7.5 million in property tax-like payments and $400,000 for sewer service.
FTX sues Grayscale and DCG, citing 'exorbitant' fees: FTX is suing Grayscale Investment, its owners and its CEO, claiming that the trust's “exorbitant” management fees violated its trust agreements.
Endo Secures Backing of Unsecured Creditors, Opioid Plaintiffs for Chapter 11 Exit: A settlement in Endo International’s bankruptcy case would increase payments to unsecured and opioid-related creditors to win their backing for a sale of the business to top lenders.
Marlboro maker Altria to buy NJOY: Altria's deal to buy NJOY comes after the Marlboro maker exited its position in Juul Labs.
Vice Owes Nearly $10 Million to IT Firm Wipro, Court Filing Alleges: Vice Media, whose CEO, Nancy Dubuc, made a sudden exit in February, is facing legal action from vendors over fees as it continues to search for a buyer.
Voyager Faces Questions About Customer Funds’ Safety With Binance.US: Securities and Exchange Commission staff believe that Binance.US, the proposed buyer of Voyager’s customer accounts, is operating an unregistered securities exchange