Category Archives: Bankruptcy

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…

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…