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Tag: bankruptcy

Johnson & Johnson Voluntarily Recalls Baby Powder For Asbestos Contamination SAN ANSELMO, CALIFORNIA - OCTOBER 18: In this photo illustration, a container of Johnson's baby powder made by Johnson and Johnson sits on a table on October 18, 2019 in San Anselmo, California. Johnson & Johnson, the maker of Johnson's baby powder, announced a voluntary recall of 33,000 bottles of baby powder after federal regulators found trace amounts of asbestos in a single bottle of the product. (Photo Illustration by Justin Sullivan/Getty Images)

Johnson & Johnson To Pay $6.5B To Settle Nearly All Talc Ovarian Cancer Lawsuits

Johnson & Johnson stated that they are planning to pay $6.5 billion to settle nearly all the lawsuits in the United States that have claimed talc-based products caused them ovarian cancer. 

Read More Johnson & Johnson To Pay $6.5B To Settle Nearly All Talc Ovarian Cancer Lawsuits
Former FTX Chief Executive Sam Bankman-Fried, who faces fraud charges over the collapse of the bankrupt cryptocurrency exchange, leaves the Manhattan federal court in New York City, U.S. March 30, 2023. REUTERS/Amanda Perobelli/File Photo

Sam Bankman-Fried prosecutor says coder’s cooperation sped up case

Former FTX CTO’s assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.

Read More Sam Bankman-Fried prosecutor says coder’s cooperation sped up case
A Jo-Ann Stores Inc. Location As Yarn And Fabric Stay on Trump's Tariff List Vehicles sit in the parking lot outside a Jo-Ann Store LLC location in Davenport, Iowa, U.S., on Wednesday, Sept. 19, 2018. Joann, the crafting and arts supplies chain which dropped Fabrics from its name earlier this year, tried to make the case that many small businesses shop at its stores for supplies to make locally produced goods, leading it to dub Trump's tariffs a "made-in-America tax." Photographer: Daniel Acker/Bloomberg via Getty Images

Fabrics Retailer Joann Files For Chapter 11 Bankruptcy Protection

Fabrics and crafts retail store Joann has filed for bankruptcy protection after 81 years in business.

Read More Fabrics Retailer Joann Files For Chapter 11 Bankruptcy Protection
WATERBURY, CONNECTICUT - SEPTEMBER 21: InfoWars founder Alex Jones speaks to the media outside Waterbury Superior Court during his trial on September 21, 2022 in Waterbury, Connecticut. Jones is being sued by several victims' families for causing emotional and psychological harm after they lost their children in the Sandy Hook massacre. A Texas jury last month ordered Jones to pay $49.3 million to the parents of 6-year-old Jesse Lewis, one of 26 students and teachers killed in the shooting in Newtown, Connecticut. (Photo by Joe Buglewicz/Getty Images)

Sandy Hook Families Offer To Settle Alex Jones’ $1.5B Legal Debt For $85M

Sandy Hook families who won almost $1.5 billion in their legal battle against Infowars host Alex Jones have offered to settle that debt for less money. 

Read More Sandy Hook Families Offer To Settle Alex Jones’ $1.5B Legal Debt For $85M
HOLLYWOOD, FLORIDA - MAY 16: Contestants appear onstage at the 69th Miss Universe competition at Seminole Hard Rock Hotel & Casino on May 16, 2021 in Hollywood, Florida. (Photo by Rodrigo Varela/Getty Images)

Company Behind Miss Universe Files For Bankruptcy After Inclusion Of Trans Contestants

The 2023 Miss Universe pageant, which recently announced that they will be including transgender competitors, is still scheduled for this Saturday, but only a few days prior to it, the JKN Global Group filed for bankruptcy.

Read More Company Behind Miss Universe Files For Bankruptcy After Inclusion Of Trans Contestants
SAN FRANCISCO, CALIFORNIA - OCTOBER 07: A sign is posted on the exterior of a WeWork office on October 07, 2019 in San Francisco, California. Days after withdrawing its registration for an initial public offering, WeWork also warned employees that the company could be set to lay off nearly 2,000 people, about 16 percent of its workforce. (Photo by Justin Sullivan/Getty Images)

WeWork Files For Bankruptcy, After Being Valued At $47B In 2019

WeWork, the office-sharing company, has officially filed for Chapter 11 bankruptcy after being valued at $47 billion just four years ago. 

Read More WeWork Files For Bankruptcy, After Being Valued At $47B In 2019

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