Keyword: bankruptcy
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Rep. Shri Thanedar, who no one had heard of until now, filed seven articles of impeachment against President Trump. He claimed that the President had violated the Supreme Court’s order to return the Maryland dad, Abrego Garcia. We previously reported that Yale scholar Jed Rubenfeld explained that President Trump didn’t violate the Supreme Court order. Shri’s background seems too bizarre to be true. Laura Loomer is researching him and believes he filed the articles of impeachment to get himself out of his $800.000 campaign debt. EXCLUSIVE VIDEO:INDIAN SCAMMER DEMOCRAT CONGRESSMAN WHO FILED ARTICLES OF IMPEACHMENT AGAINST PRESIDENT TRUMP GETS CONFRONTED...
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Made famous by its serving staff’s uniforms – low-cut tank tops and orange shorts – and, later, its chicken wings, Hooters has filed for bankruptcy, it announced. The restaurant chain, Reuters reported, made the filing Monday in a Texas court, with the plan being to deal with its $376 million in debt by selling all its company-owned locations to a franchise group stacked with original founders of the company and a group of current franchisees, who own and operate more than 30% of the company’s domestically owned locations, including 14 of the 30 most trafficked restaurants. ... While Hooters said...
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California Attorney General Rob Bonta is warning about a risk to their data from a company that recently reported it was in financial distress. According to the Attorney General’s office, 23andMe said in security filings that there is “substantial doubt” about the genetic testing-focused company’s future. Bonta advised California residents of their right under the Genetic Information Privacy Act and California Consumer Protection Act to request their data held by companies be deleted and genetic materials be destroyed. “California has robust privacy laws that allow consumers to take control and request that a company delete their genetic data,” Bonta said....
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alifornia Attorney General Rob Bonta today issued a consumer alert to customers of 23andMe, a genetic testing and information company. The California-based company has publicly reported that it is in financial distress and stated in securities filings that there is substantial doubt about its ability to continue as a going concern. Due to the trove of sensitive consumer data 23andMe has amassed, Attorney General Bonta reminds Californians of their right to direct the deletion of their genetic data under the Genetic Information Privacy Act (GIPA) and California Consumer Protection Act (CCPA). Californians who want to invoke these rights can do...
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California’s attorney general has urgently warned customers of 23andMe to purge their genetic data from the company’s databases over uncertainty where it may end up if the firm goes bankrupt. “Given 23andMe’s reported financial distress, I remind Californians to consider invoking their rights and directing 23andMe to delete their data and destroy any samples of genetic material held by the company,” AG Rob Bonta said in a statement Friday. The company had been synonymous with at-home genetic testing for more than a decade, providing more than 15 million customers with a wide range of personal health and ancestry data. Users...
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Steering the utility from the brink of bankruptcy justified a $1.7 million raise for its CEO, the company said. Hawaiian Electric Industries Inc. and its subsidiaries faced torrents of bad news in 2024. Federal investigators found the company’s equipment had started the Lahaina wildfire that killed 102 people and destroyed most of the historic town. The company agreed to pay $1.9 billion to settle hundreds of lawsuits blaming it for the fire. Legislative measures to help bail out the company stalled. The bottom line: a net loss of $1.4 billion for the company. [Caption] Hawaiian Electric Industries, whose equipment sparked...
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Rep. Maxine Waters (D-Calif) warned "Trump is provoking the folks who depend on the government taking care of them to rise up and strike back. By breaking the covenant between them and the government they've relied on their whole lives he's put them in a desperate situation where their only option is to fight back." "Just think of the single moms who need money to take care of their children," Waters urged. "The retirees waiting for their Social Security checks to put food on the table. The government employees who depend on their paychecks to support themselves and their families....
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CHICAGO -- Fabric and crafts retailer Joann Inc., which has been a destination for generations of quilters, knitters and lovers of crafts projects for more than 80 years, is going out of business and shuttering all its stores. The announcement comes after the Hudson, Ohio-based retailer filed for Chapter 11 bankruptcy protection in January, the second time in a year. It cited sluggish consumer demand and inventory shortages. At the time it vowed it would keep all of its stores open. But earlier this month, Joann said it planned to close 500 stores - or more than half of its...
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The first existential crisis of Donald Trump's second term is upon us. Hooters, the iconic casual dining chain best known for its decades-long commitment to male camaraderie and female empowerment, is reportedly on the verge of filing for bankruptcy. The storied franchise has been struggling to overcome financial difficulties such as mounting debt and declining foot traffic at its nearly 300 locations across the United States, and recently engaged a law firm to explore a potential Chapter 11 filing, though no final decision has been made. The future of American prosperity is at stake.
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Hooters of America is reportedly working with creditors on a plan to restructure its business through bankruptcy court in the coming months. According to Bloomberg, sources familiar with the matter, who requested anonymity, say the company is collaborating with the law firm Ropes & Gray to prepare a filing. The court process is expected to begin within the next two months. Last year, Hooters announced the closure of a number of underperforming locations, becoming part of a broader trend of casual dining chains shutting down restaurants amid industry challenges. While facing "pressure from current market conditions," Hooters emphasized
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Scandal-scarred electric semi-truck maker Nikola — a pandemic darling once valued at $30 billion — filed for bankruptcy on Wednesday. The company said it is seeking an auction and sale process of its assets, becoming the latest electric-vehicle maker to stumble after grappling with tepid demand, rapid cash burn and funding challenges. “Like other companies in the electric vehicle industry, we have faced various market and macroeconomic factors that have impacted our ability to operate,” chief executive Steve Girsky said in a statement. **SNIP** Nikola shares plummeted 40% Wednesday morning. Electric car sales have been faltering in the US due...
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Illinois Governor J.D. Pritzker told reporters this week the big goal of his February 19 State of the State speech will be this message: speech “If we balance the budget again this year, I believe people will finally see that Illinois can govern itself.” Wow. What a concept. Every red state balances its budget every year, This isn’t putting a man on Jupiter. Pritzker is looking at a budget hole of more than $3 billion, with mandated hikes in education and pension spending exploding the budget every day. He faces yet another looming teacher strike in Chicago (the teacher union...
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If there’s one thing that has sent the Dems into a full-blown meltdown, it’s DOGE investigating waste and fraud. And now, we’re getting a crystal-clear picture of how Dems have managed to keep their wildly unpopular agenda alive—by treating government programs like their own personal piggy bank. Elon and his team are just scratching the surface, but what they’ve already uncovered is enough to make any taxpayer’s blood boil. One of the biggest offenders thus far is USAID. This over-funded, shady organization has been caught red-handed funding fake news, bankrolling CIA-backed color revolutions abroad (and let’s be honest, probably here...
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Liberated Brands filed for Chapter 11 bankruptcy protection over the weekend and is looking to shutter its U.S. retail stores where it sold brands like Quiksilver, Billabong and Volcom. The company said in a Monday press release that it filed for bankruptcy to “implement an orderly monetization and disposition of its businesses.” It submitted a motion to the U.S. Bankruptcy Court for the District of Delaware for the closure of about 124 stores as part of its bankruptcy proceedings. Liberated estimated a range of $100 million to $500 million for its assets in its Chapter 11 bankruptcy petition. Estimated liabilities...
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A bankruptcy judge blocked Sandy Hook families from a settlement with Alex Jones on Wednesday. The New York Post reported: A US bankruptcy judge on Wednesday blocked a settlement between families who have sued Alex Jones over his false claims about the 2012 Sandy Hook Elementary School mass shooting, saying their attempt to divide the bankrupt conspiracy theorist’s assets exceeded his court’s authority. The decision complicates a proposed sale of Jones’ Infowars platform, and could spur divisions between families who sued Jones and won nearly $1.3 billion in Connecticut court cases and those who won $50 million in Texas courts....
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Retail store closures surged in 2024, reaching their highest levels since the start of the pandemic, a new study said.A total of 7,325 U.S. stores closed in 2024, driven by inflation and an increasing shift toward online shopping, according to retail data firm Coresight Research. The closings marked the steepest decline in brick-and-mortar retail since nearly 10,000 stores closed in 2020. While 5,970 stores opened—the highest yearly number since 2012—closures outpaced openings by a net loss of 1,355 stores. "Retailers that were unable to adapt supply chains and implement technology to cut costs were significantly impacted, and we continue to...
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Minimum wage effect? Seattle area restaurant jobs have fallen -900 this year vs. +6,200 food jobs in rest of state [ Full title ]. What effect will the eventual 58% increase in labor costs from $9.47 to $15 an hour have on small businesses, including Seattle area restaurants? Actually, it will be more like a 95% increase for many employers to $18.55 an hour once all costs and taxes are added. It's too soon to tell for sure, but there is already some preliminary evidence that April's minimum wage hike to $11 an hour, along with the pending increase of...
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The number of restaurants in the Emerald City could drop by up to 8% this year.. Seattle’s new $20 minimum wage for 2025 has caused a 6th restaurant to close since the new year. Pike Place Market bakery The Confectional closed on Sunday after 18 years in business. ... Owner Destiny Sund told KIRO News Radio, “I wanted my team to have a wonderful holiday season, so I didn’t mention to them that we would be closing until after New Year’s Day. So this has been a long week for all of us at The Confectional.” The minimum wage for...
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The owner of a popular waffle shop in West Seattle said she had no choice but to shut down her business after the city’s new minimum wage law went into effect on New Year’s Day — hiking hourly pay to $20.76. Bebop Waffle Shop, which was founded by a former New York City resident more than a decade ago, closed its doors for good on Monday. “I’ve cried every day,” Corina Luckenbach, the waffle shop owner, told Fox 13 TV. Luckenbach, who founded Bebop more than 10 years ago after relocating from New York to the Emerald City, said that...
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A healthcare giant that operates 16 hospitals across four states has filed for bankruptcy - with plans to offload several of them. Prospect Medical Holdings - which also owns 166 clinics across California, Connecticut, Pennsylvania and Rhode Island, and employs 12,600 people - filed for Chapter 11 protection in Texas on Saturday. The company, which was once an active buyer of struggling hospitals, has debts of more than $400 million. Prospect said on Saturday that its hospitals, medical centers, clinics and physicians' offices would continue to operate as normal while it restructures. But, after that, the company will focus exclusively...
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