Less than two months after Fluid Truck’s board ousted its sibling co-founders from their executive positions, the company has laid off 30% of its staff, filed for Chapter 11 bankruptcy protection, and found a potential buyer to take on the business, pending court approval, according to bankruptcy filings and information from a former employee. Fluid […]
National Public Data, the hacked data broker that lost millions of Social Security numbers and more, files for bankruptcy
A Florida data broker that lost hundreds of millions of Social Security numbers and other personally identifiable information in a data breach earlier this year, has filed for Chapter 11 bankruptcy protection as the company faces a wave of litigation. Jericho Pictures, the parent company of the hacked data broker National Public Data, told a […]
Fisker faces SEC investigation as bankruptcy case drags on
Bankrupt EV startup Fisker is under investigation by the U.S. Securities and Exchange Commission, according to a new filing from the financial regulator. The SEC says in the filing it has sent multiple subpoenas to Fisker as part of the investigation, and that it may send more. The agency does not say what the investigation […]
The question haunting Fisker’s bankruptcy
As failed EV startup Fisker winds its way through bankruptcy, a persistent and tricky question has become a flashpoint of the proceedings: does its only secured lender Heights Capital Management deserve to be at the front of the line to reap the proceeds of a liquidation? Heights has maintained an unequivocal “yes.” But new information […]
“BlockBerry Bankruptcy” — The Huge Sign That LOONA’s Former Company Has “Gone Broke”
In 2022, nine members of LOONA attempted to have their exclusive contracts suspended following Chuu’s expulsion from the group. LOONA | BlockBerry Creative This ultimately resulted in several legal battles, with members’ contracts suspended over time. In June 2023, the Seoul High Court’s civil affairs department ruled in favor of the remaining LOONA members in their legal battle […]