Source: Straits Times Article Date: 21 Mar 2025 Author: Selina Lum Judge finds he intended to gift properties, making her both the legal and beneficial owner. The High Court on March 20 dismissed a claim by motoring tycoon Peter…
How did 23andMe go bankrupt? The same way bankruptcy was described by Ernest Hemingway in 1926: “Two ways: Gradually, and then suddenly.” Since its founding in 2006, the company, which aimed to give consumers access to their genetic information, faced what seemed like one killing blow after another: questions of whether its business was ethical,…
23andMe, the popular genetic testing service with DNA samples collected from millions of Americans, announced it is voluntarily filing for Chapter 11 bankruptcy. News of the pending bankruptcy came mere weeks after 23andMe’s board rejected an acquisition proposal from the company’s co-founder and CEO Anne Wojcicki. Instead, it will look to restructure its debt and…
Get even smarter with the “Make Me Smart” newsletter. We’ll start your Friday right by explaining the news, rounding up the best stories we read this week and even sharing a cocktail recipe or two. Email address * Subscribe AI company… Read the original article here
The Supreme Court has criticised the National Company Law Appellate Tribunal (NCLAT) for disregarding a binding precedent set by the apex court to the effect that once a resolution plan is approved by the National Company Law Tribunal, claims not included within it cannot be revived later. The bench held that NCLAT had wrongly disregarded…
Bankrupt genetic testing firm 23andMe Holding Co. won permission from a judge to try to sell information about customers’ medical and ancestry-related data, a trove that is considered the most valuable asset in the insolvency case — and has become a source of privacy and safety concerns amid the company’s collapse. Shares in the company…
Canada Jetlines has entered the first stage of a restructuring process under Canada’s Bankruptcy and Insolvency Act (BIA), less than a week after ceasing operations due to a lack of financing. A notice of intention under the BIA permits Canada Jetlines to pursue a restructuring of its affairs and has the effect of imposing an…
City officials are hoping the bankruptcy process would give the city more control over payment of a $22 million judgment it now owes to City Heights Holdings, LLC. CLE ELUM, Wash. — The Cle Elum City Council approved a resolution at a Tuesday night meeting that allows the city to file for bankruptcy in the…
Number of people in Ashfield declared financially insolvent rose in the last year Mansfield and Ashfield Chad Read the original article here
Number of people in Ashfield declared financially insolvent rose in the last year Mansfield and Ashfield Chad Read the original article here