Insolvency Guardian Media Centre
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Read the full article at: https://www.finder.com.au/bitfinex-is-facing-a-new-set-of-insolvency-rumours
NEW YORK, Jan. 30, 2019 (GLOBE NEWSWIRE) — The Klein Law Firm announces that class action complaints have been filed on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline to request that the court appoint you as lead plaintiff.
Danske Bank A/S (OTCMKTS: DNKEY)
Class Period: Purchasers of American Depositary Receipts between January 9, 2014 and October 23, 2018
Lead Plaintiff Deadline: March 11, 2019
Throughout the class period, Danske Bank A/S allegedly made materially false and/or misleading statements and/or failed to disclose that: (i) Danske Banks Estonian branch was facilitating money laundering through at least March 2016; (ii) that a whistleblower had …
Read the full article at: https://globenewswire.com/news-release/2019/01/31/1708005/0/en/The-Klein-Law-Firm-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders-of-DNKEY-YRIV-ALKS-and-MKL.html
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender.
The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a press statement copied to the GRAPHIC BUSINESS.
The NIB is part of five indigenous banks that are benefiting from the Ghana Amalgamated Trust (GAT) arrangement.
It was given an advisor on January 4, 2019.
BoGs January 25, 2019 statement said Dr Addo was expected to help restructure NIB through governance and management reforms and streamline its business model to help refocus it as…
Read the full article at: https://www.businessghana.com/site/news/business/181069/Felix-Addo-leads-restructuring-process-of-NIB
SAP employees in Australia are facing an uncertain future with their employment after the business software giant announced it is cutting 4,400 jobs worldwide as part of its restructuring.
In its quarterly markets statement, SAP revealed plans to reduce its global workforce as the company transitions from a traditional software delivery to a more cloud-based model.
SAP will execute a company-wide restructuring program to further simplify company structures and processes and to ensure its organisational setup, skills set, and resource allocation continue to meet evolving customer demand, the company said.
Restructuring expenses are projected to be 800m to 950m (…
Read the full article at: https://www.hcamag.com/hr-news/tech-giant-plans-massive-restructure-259816.aspx
CHATTANOOGA, Tenn.–(BUSINESS WIRE)–Unum
(NYSE:UNM) is offering a new benefit to help its employees tackle
student debt. Starting next year, U.S. employees can transfer carry-over
paid time off (PTO) into a payment against student debt through the
Student Debt Relief Program, managed by financial services provider
Fidelity Investments. Click
to tweet.
Many people face the challenge of balancing student debt with planning
for their financial futures, said Carl Gagnon, assistant vice president
of Global Financial Wellbeing and Retirement Programs at Unum. This
first-of-its-kind Student Debt Relief Program, along with a range of
other financial…
Read the full article at: https://www.businesswire.com/news/home/20190130005642/en/Unum-teams-Fidelity-Investments®-offer-first-of-its-kind-Student
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender.
The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a press statement copied to the GRAPHIC BUSINESS.
The NIB is part of five indigenous banks that are benefiting from the Ghana Amalgamated Trust (GAT) arrangement.
It was given an advisor on January 4, 2019.
BoGs January 25, 2019 statement said Dr Addo was expected to help restructure NIB through governance and management reforms and streamline its business model to help refocus it as…
Read the full article at: https://www.businessghana.com/site/news/Business/181069/Felix-Addo-leads-restructuring-process-of-NIB
LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday.
FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer Valcambi SA in the southern Swiss town of Balerna December 20, 2012. REUTERS/Michael Buholzer
The two companies will go head to head in an auction in a New York bankruptcy court on Thursday, the sources said.
Court documents confirmed that the auction was scheduled for Thursday. Valcambi and Asahi did not comment. RMC and its lawyers did not respond to requests for comment.
RMC is one North Americas …
Read the full article at: https://www.reuters.com/article/us-gold-m-a-rmc-valcambi/gold-refiners-valcambi-and-asahi-make-separate-bids-for-bankrupt-u-s-rival-sources-idUSKCN1PO2J1
Paramount Pictures laid off roughly 20 staff members from several departments on Tuesday as part of a restructuring effort, insiders familiar with the matter told Variety.
Departments including legal, business affairs, TVand finance were affected. Cuts were not major and largely affected back-office staff. Paramount chief operating officer Andrew Gumpert addressed the matter in a memo to employees.
The cuts will streamline efficiency, foster talent across multiple divisions of the company, and augment synergy and cross-functionality amongst different teams, read the memo obtained by Variety.
A studio spokesperson confirmed the cuts but declined to comment further. There were additional hires and promotions as part of the restructuring. R…
Read the full article at: https://variety.com/2019/film/news/paramount-pictures-lays-off-20-legal-tv-business-affairs-1203123598/
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 links provided. There is no cost or obligation to you.
AxoGen, Inc. (NASDAQ: AXGN)
Class Period: August 7, 2017 – December 18, 2018
Lead Plaintiff Deadline: March 11, 2019
Join the action: https://www.zlk.com/pslra-1/axogen-inc-loss-form?wire=3
The lawsuit alleges: AxoGen, Inc. made materially false and/or misleading statements and/or failed to disclose that: (1) the Company aggressively …
Read the full article at: https://globenewswire.com/news-release/2019/01/30/1707881/0/en/CLASS-ACTION-UPDATE-for-AXGN-YRIV-VALE-and-SVXY-Levi-Korsinsky-LLP-Reminds-Investors-of-Class-Actions-on-Behalf-of-Shareholders.html
A consultant in restructuring and insolvency, Mr Felix E. Addo, has been appointed advisor to the National Investment Bank (NIB) to oversee the restructuring of the state-owned lender.
The Bank of Ghana (BoG) announced the appointment of Mr Addo, who is the President of the Ghana Association of Restructuring and Insolvency Advisors (GARIA), in a press statement copied to the GRAPHIC BUSINESS.
The NIB is part of five indigenous banks that are benefiting from the Ghana Amalgamated Trust (GAT) arrangement.
It was given an advisor on January 4, 2019.
BoGs January 25, 2019 statement said Dr Addo was expected to help restructure NIB through governance and management reforms and streamline its business model to help refocus it as…
Read the full article at: http://www.businessghana.com/site/news/business/181069/Felix-Addo-leads-restructuring-process-of-NIB
Robayne, the Perth-based equipment and coatings distributer has gone into voluntary liquidation which is being handled by FTI Consulting.
The company was founded in 1974 as has expanded in recent years, especially in rural areas and has 14 branches around Australia. The liquidation proceedings may result in the company continuing to trade, or going into liquidation or enter into a deed of company arrangement. The first meeting of creditors will take place in Perth on 5 February.
Read the full article at: http://www.paintandpanel.com.au/news/news/robayne-goes-into-voluntary-liquidation
LONDON (Reuters) – Two of the worlds largest precious metals refiners, Valcambi and Asahi, are separately bidding for the assets of their bankrupt Miami-based rival Republic Metals Corporation (RMC), two sources familiar with the matter said on Wednesday.
FILE PHOTO – A gold Combibar is seen at a plant of gold refiner and bar manufacturer Valcambi SA in the southern Swiss town of Balerna December 20, 2012. REUTERS/Michael Buholzer
The two companies will go head to head in an auction in a New York bankruptcy court on Thursday, the sources said.
Court documents confirmed that the auction was scheduled for Thursday. Valcambi and Asahi did not comment. RMC and its lawyers did not respond to requests for comment.
RMC is one North Americas …
Read the full article at: https://uk.reuters.com/article/gold-ma-rmc-valcambi/gold-refiners-valcambi-and-asahi-make-separate-bids-for-bankrupt-u-s-rival-sources-idUKL5N1ZU629