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Sep 16, 2024 · In 2008, Circuit City filed for bankruptcy, closed 155 stores, and laid off 17% of their workforce. The stock was worthless, and by 2009, the once-mighty retailer was liquidated entirely. The dream seemed to be over.
3 days ago · On September 19, 2024, in an appeal from the Boston Generating bankruptcy case, the Second Circuit resolved this potential tension in favor of the Supreme Court’s precedent in Merit Management, holding that “even under Nine West’s transfer-by-transfer approach, we look to the [overarching] end-to-end transaction to determine whether the ...
2 days ago · On September 19, 2024, in an appeal from the Boston Generating bankruptcy case, the Second Circuit resolved this potential tension in favor of the Supreme Court’s precedent in Merit Management ...
1 day ago · On September 19, 2024, in an appeal from the Boston Generating bankruptcy case, the Second Circuit resolved this potential tension in favor of the Supreme Court's precedent in Merit Management, holding that "even under Nine West's transfer-by-transfer approach, we look to the [overarching] end-to-end transaction to determine whether the safe ...
2 days ago · Subsequently, Circuit City filed for bankruptcy on November 10, 2008, and, after liquidating all of its stores, ceased operations on March 8, 2009. [77] At the beginning of 2010, Blockbuster had over 6,500 stores, of which 4,000 were in the U.S.— [78] a number that fell to 3,425 in late October the same year. [79]
2 days ago · Gravell, the bankruptcy trustee working on their case testified at trial. See Dkt. No. 228, January 13, 2020, Trial Tr. at 64. In connection with the bankruptcy petition, Mr. Gerrans testified under oath that the company he started called Halo was not worth anything and never went anywhere since its inception in 2006, and he was not owed any payments in connection with that company.
1 day ago · Corporate Transparency Act implications for bankruptcy cases. By: Danielle Bennett Scot Ferraro. The Corporate Transparency Act's (CTA) reporting requirements became effective January 1, 2024. The act places substantial compliance responsibilities on numerous U.S. and foreign business entities. The purpose of the CTA is to combat unlawful ...
