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Posts Tagged ‘Chapter 11 bankruptcy protection’

Mt. Gox, once the worlds largest bitcoin exchange, filed for U.S. bankruptcy protection in Dallas late Sunday, a move that will temporarily halt U.S. legal action against the Japanese company. Mt. Gox, which filed for bankruptcy protection in Japan in February, said without U.S. protection it would spend substantial funds defending itself against a U.S. […]

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Freedom Industries, the company responsible for the West Virginia chemical spill that left over 300,000 citizens without safe drinking water, has filed for Chapter 11 bankruptcy. Still, the likely reason for its imminent bankruptcy is as-yet untallied liabilities resulting from the spill. Freedom Industries is already the target of a federal suit, along with 25 […]

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Fisker Automotive has filed for Chapter 11 bankruptcy protection, a move thats appeared all but inevitable since its Karma electric sports car failed both in tests and on the market. The filing comes alongside Fiskers decision to sell nearly all of its assets to Hybrid Technology, an investor group that Reuters reports will have the […]

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