Category Archives: Bankruptcy

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50000 Investing In Yangtze River Port and Logistics Limited To Contact The Firm – Business Wire

NEW YORK–(BUSINESS WIRE)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”)(NASDAQ:YRIV) of the March 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested…

Query from administrators of Eastern Goldfields over Fotios gold play – The West Australian

Administrators of Eastern Goldfields say their preliminary investigations into the Michael Fotios-led company show it may have been trading while insolvent for as long as 15 months before its collapse in November. A report from Ferrier Hodgsons Martin Jones and Andrew Smith shows the company could have fallen into insolvency as early as August 2017,…

SBI defers sale of Essar Steel loans to February 11 – Economic Times

KOLKATA: State Bank of India has deferred the sale of Essar Steels Rs 15,431 crore loans to February 11 on poor investor response even as the delay in companys insolvency resolution process was criticised by ArcelorMittal, which has been declared the highest bidder by its lenders. SBI, which has the largest exposure in Essar Steel,…

SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Yangtze River Port & Logistics Limited – YRIV – GuruFocus.com

NEW YORK, Jan. 24, 2019 (GLOBE NEWSWIRE) — Pomerantz LLP is investigating claims on behalf of investors of Yangtze River Port & Logistics Limited (Yangtze or the Company) ( YRIV) Investors are advised to contact Robert S. Willoughby at [emailprotected] or 888-476-6529, ext. 9980. The investigation concerns whether Yangtze and certain of its officers and/or…

LEAD PLAINTIFF DEADLINE ALERT: Faruqi & Faruqi, LLP Encourages Investors Who Suffered Losses Exceeding $50,000 Investing In Yangtze River Port and Logistics Limited To Contact The Firm – Press Release – Digital Journal

NEW YORK–(Business Wire)–Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors in Yangtze River Port and Logistics Limited (“Yangtze River” or the “Company”)(NASDAQ:YRIV) of the March 4, 2019 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company. If you invested…

Bankrupt coal company wants to sell Wyoming mine – KGWN

CASPER, Wyo. (AP) – A Colorado-based coal company going through bankruptcy proceedings has asked for permission to sell its mine in southwestern Wyoming. The Casper Star-Tribune reports a recent court filing shows Westmoreland Coal Co. requested to sell its Kemmerer mine by the end of February. The company declared bankruptcy in October with more than…

Jailed restaurant owner served with directorship ban – GOV.UK

Jilan Moore (68) was the director of Beijing Dragon Catering Limited, the company that acted as the trading vehicle for three licensed restaurants across Lincolnshire known as The Beijing Dragon. Beijing Dragon Catering was incorporated in September 2007 and at the companys height, Jilan Moore ran three restaurants in Spilsby, Grimsby and Skegness with her…

Spliethoff snares ships from troubled Hansa Heavy Lift – TradeWinds

Spliethoff Group has confirmed its purchase of five multipurpose (MPP) heavylift vessels from the fleet of bankrupt operator Hansa Heavy Lift (HHL). The Dutch MPP operator has acquired four 12,750-dwt F-type ships and one 20,100-dwt P-type for an undisclosed price. It is buying the vessels a month after the German company was declared insolvent with…

Corporate insolvency rates edge up in Scotland – Accountancy Daily

There were 209 corporate insolvencies recorded for the period 1 October to 31 December, eight more than the same quarter in 2017-18. This number included 129 compulsory liquidations, 80 creditors voluntary liquidations and 122 members voluntary liquidations. No receiverships were recorded in the last quarter. Overall, corporate insolvency numbers in Scotland for the whole of…

Rise in number of Scots going bust, report indicates – Daily Mail

By Press Association Published: 22:54 AEDT, 23 January 2019 | Updated: 02:55 AEDT, 24 January 2019 The number of people facing financial hardship has increased in Scotland, according to official statistics published on Wednesday. A report by the Scottish insolvency service Accountant in Bankruptcy (AiB) indicates the total number of personal insolvenciesrecorded in the third…