J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder (2)
WEB3 days ago · J&J called the vote before putting the unit in bankruptcy in hopes of speeding up its Chapter 11 case and overcoming flaws in two earlier attempts. The company recently sweetened its settlement offer to more than $8.2 billion, Bloomberg first reported Thursday. Read More: J&J Lifts Baby Powder Settlement Bid to More Than $8.2 Billion
Iconic Tupperware Brands seeks Chapter 11 bankruptcy - AP News
WEB4 days ago · NEW YORK (AP) — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just ...
Red Lobster exits Chapter 11 bankruptcy protection | AP News
WEBSep 16, 2024 · Red Lobster, known for its affordable seafood and cheddary biscuits, has exited Chapter 11 bankruptcy protection. A U.S. bankruptcy judge approved the casual seafood chain’s reorganization plan earlier this month, which included a lender group led by asset manager Fortress Investment Group acquiring the business.
Big Lots files for bankruptcy | CNN Business
WEBSep 9, 2024 · Chapter 11 is useful for Big Lots because “it gives a debtor leverage in negotiations and allows a company to renegotiate and reject burdensome leases and contracts, which are often a major...
Big Lots files for Chapter 11 bankruptcy protection | AP News
WEBSep 9, 2024 · Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.
Joann arts and crafts retailer files for bankruptcy; stores will remain ...
WEBMar 18, 2024 · Joann and certain affiliates have filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. As part of the court-supervised bankruptcy process, Joann expects to...
Joann Fabrics and Crafts files for Chapter 11 bankruptcy - NBC News
WEBMar 18, 2024 · Joann Fabrics and Crafts has filed for Chapter 11 bankruptcy protection as it seeks to reorganize its finances. In a release accompanying its filing, Joann said its stores and website would...
ANALYSIS: Chapter 11 Megacases Start the Year Strong - Bloomberg Law News
WEBMay 9, 2024 · 2024 is shaping up to be yet another busy year for Chapter 11 bankruptcy megacases. The data on megacase filings reflects how the current economy has been challenging for certain businesses, yet also rewarding for …
Chapter 11 Bankruptcy: What You Need To Know - Forbes
WEBFeb 18, 2022 · If your business is behind on its bills, struggling with too much debt and besieged by creditors, you may be able to catch a break with Chapter 11 bankruptcy and get back on track.
J&J Baby Powder Lawsuits: Unit Seeks Chapter 11 Bankruptcy for …
WEB3 days ago · J&J Unit Seeks Chapter 11 Bankruptcy for Third Time Over Baby Powder Suits Some 83% of plaintiffs agreed to J&J’s about $8 billion offer Company hopes to put years of litigation to rest with deal