Category Archives: Bankruptcy

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…

PG&E sued over Camp Fire as insurance claims hit billions – The Modesto 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…

Insolvency process: Competition Commission should see if monopolies are forming, says Yashwant Sinha – Scroll.in

Over the last four-and-a-half years, the Bharatiya Janata Party-led National Democratic Alliance government has done much to constrict Indias economy. Demonetisation hurt the smallest businesses: those of the self-employed. Their incomes are yet to return to pre-demonetisation levels. Many slightly bigger businesses, like small and medium enterprises in industrial clusters like Surat in Gujarat and…

CORRECTING and REPLACING EQUITY ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Yangtze River Port and Logistics Limited YRIV – Business Wire

NEW YORK–(BUSINESS WIRE)–Reissuing release dated January 2, 2019 to correct ticker symbol from YRCW to YRIV. The corrected release reads: EQUITY ALERT: ROSEN LAW FIRM FILES SECURITIES CLASS ACTION LAWSUIT AGAINST YANGTZE RIVER PORT AND LOGISTICS LIMITED YRIV Rosen Law Firm, a global investor rights law firm, announces it has filed a class action lawsuit…

Speed up Essar Steel insolvency case, rules NCLAT – Livemint

Essar Steel owes over 49,000 crore to over two dozen banks led by State Bank of India. Photo: AP Ahmedabad/Mumbai The National Company Law Appellate Tribunal (NCLAT) has directed the Ahmedabad bench of the National Company Law Tribunal (NCLT) to expedite the insolvency case filed against the Essar Steel Ltd. On Thursday, while hearing the…

January is the cruellest month – Mortgage Introducer

January is the most difficult month of the year financially with 22% of Brits feeling under pressure, research from Equifax company TDX Group has found. More than a quarter (26%) of women flagged it as a pressure point, compared to 18% of men. Mortgage payments are peoples third biggest debt concern, mentioned by 9% of…

Two years of insolvency and Bankruptcy Code: Congress left behind legacy of an anachronic system, says FM Arun – Daily News & Analysis

As the insolvency and Bankruptcy Code (IBC) completed two years, union finance minister on Thursday wrote a blog on Facebook listing out its achievements. Jaitley also targeted the previous UPA government, “The Congress left behind the legacy of an anachronic system of resolving commercial insolvency”, he wrote. “The NDA Government headed by Shri Atal Bihari…