CLASS ACTION UPDATE for AXGN, YRIV, VALE and SVXY: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders – GlobeNewswire

Bankruptcy

NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — Levi & Korsinsky, LLP announces that class action lawsuits have commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the…

Personal insolvencies in England and Wales jumped to seven-year high in 2018 – Business MattersBusiness Matters

Bankruptcy

The number of people going financially insolvent across England and Wales jumped to a seven-year high in 2018, official figures show. Some 115,299 people went insolvent during 2018 marking the third year-on-year increase in a row and the highest annual total since 2011 when 119,943 cases were recorded. The figures, released by the Insolvency Service,…

Include Creditors In The Liquidation Process Also, SIPI Recommends – BloombergQuint

Bankruptcy

The Society of Insolvency Practitioners of India held a round-table last month where they deliberated the shortcomings of the Liquidation Regulations, 2016. Participating members comprised representatives from Insolvency and Bankruptcy Board of India, senior partners from leading law firms, representatives from State Bank of India, insolvency professionals and stakeholders. The key concern, according to a…

Gerry Weber begins insolvency proceedings to save business – Retail Gazette

Bankruptcy

// Gerry Weber begins insolvency proceedings after financing talks breaks down // 580 staff at risk // Retailer assures it is safeguarded until at least 2020 Gerry Weber has applied for the court order of preliminary insolvency proceedings under self-administration after talks with its finance partners broke down. The requested preliminary insolvency exclusively applies to…