Category Archives: Bankruptcy

Glancy Prongay & Murray LLP Announces the Filing of a Securities Class Action on Behalf of Yangtze River Port and Logistics Limited Investors (YRIV) – Business Wire

LOS ANGELES–(BUSINESS WIRE)–Glancy Prongay & Murray LLP (GPM), a global investors rights law firm,announces that a class action lawsuit has been filed on behalf of investors that purchased or otherwise acquired Yangtze River Port and Logistics Limited (Yangtze River or the Company) (NASDAQ:YRIV) securities between February 2, 2016 and December 5, 2018, inclusive (the ‘Class…

Gainey McKenna & Egleston Announces A Class Action Lawsuit Has Been Filed Against Yangtze River Port & Logistics Limited (YRIV) – GuruFocus.com

NEW YORK, Jan. 04, 2019 (GLOBE NEWSWIRE) — Gainey McKenna & Egleston announces that a class action lawsuit has been filed against Yangtze River Port & Logistics Limited (Yangtze or the Company) ( YRIV) in the United States District Court for the Eastern District of New York, on behalf of a class consisting of investors…

Angola central bank withdraws licences of two small lenders – Reuters

JOHANNESBURG, Jan 4 (Reuters) – Angolas central bank said on Friday it was withdrawing the licences of two small lenders, Banco Mais and Banco Postal, and said they should both be declared bankrupt. The National Bank of Angola said the two lenders had missed a Dec. 31 deadline for complying with new capital requirements, according…

Reid and Taylor: NCLT stalls liquidation, accepts union bid for company – Economic Times

MUMBAI: The Mumbai bench of the National Company Law Tribunal (NCLT) has accepted a bid by an unregistered union of the premium apparel brand Reid & Taylor India to take over the firm, stalling liquidation and has posted the matter for further hearing on January 8. Reid & Taylor, owned by the Kasliwal family-run S…

Business News in Brief: Tax authority writes off billions, benefiting half a million in the process – The Copenhagen Post – Danish news in english

The Skattemyndighederne tax authorities have written off 5.8 billion kroner from the bills of nearly half a million people in Denmark, reports Politiken. Some 485,000 have benefited from a move that was approved by Parliament. Many are believed to be benefit recipients, early retirement pensioners and people on early retirement, and most were informed in…

Monarch Airlines engineering arm put into administration – Financial Times

The engineering arm of Monarch Airlines, the holiday carrier that collapsed in 2017, has been put into administration with the immediate loss of 408 jobs. Administrators KPMG were called in after Monarch Aircraft Engineering, the last remnant of Monarch Airlines and which provides aircraft maintenance services and has a training academy, ran into financial difficulties…

Bragar Eagel & Squire, PC Announces That a Class Action Lawsuit Has Been Filed Against Yangtze River Port and Logistics Limited (YRIV) and Encourages YRIV Investors to Contact the Firm – GuruFocus.com

Bragar Eagel & Squire, P.C. Announces That a Class Action Lawsuit Has Been Filed Against Yangtze Riv, Jan. 03, 2019 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C. announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of all persons or…

INVESTOR ALERT: Kirby McInerney LLP Announces the Filing of a Securities Class Action Lawsuit against Yangtze River Port & Logistics Limited – Business Wire

NEW YORK–(BUSINESS WIRE)–The law firm of Kirby McInerney LLP announces that a class action lawsuit has been filed in the U.S. District Court for the Eastern District of New York on behalf of those who acquired Yangtze River Port & Logistics Limited (Yangtze or the Company) (NASDAQ:YRIV) securities during the period from February 2, 2016…

PG&E sued over Camp Fire as insurance claims hit billions – Sacramento Bee

Three major insurance companies are suing PG&E over the billions of dollars in claims they expect to face from the Camp Fire. The lawsuits, by Allstate Insurance Co., State Farm and USAA, represent another potentially staggering blow to PG&E, which has already acknowledged that problems occurred on a high-voltage transmission tower near the spot where…

NCLT helped creditors recover Rs 80k cr, Rs 70k cr more to be realised by March-end: Jaitley – Livemint

Jaitley said had started receiving corporate insolvency cases by the end of 2016 and so far 1,322 cases have been admitted by it. Photo: Mint New Delhi: Finance Minister Arun Jaitley Thursday said Rs 80,000 crore has been recovered by creditors in 66 cases resolved by NCLT and around Rs 70,000 crore more is likely…