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The Bank of England refused to advance money, and it collapsed. The directors were sued, but exonerated from fraud. Friedrich Krupp. Germany. 1873. Steel, metals. Krupp's business over-expanded, and had to take a 30m Mark loan from the Preußische Bank, the Bank of Prussia . Danatbank. Germany.
Divine: Founded by Andrew Filipowski, it was modeled after CMGI. It went public as the bubble burst and filed for bankruptcy after executives were accused of looting a subsidiary. DoubleClick: An online advertising company that soared after its IPO, it was acquired by Google in 2007.
General Motors Chapter 11 reorganization. The 2009 General Motors Chapter 11 sale of the assets of automobile manufacturer General Motors and some of its subsidiaries was implemented through Chapter 11, Title 11, United States Code in the United States bankruptcy court for the Southern District of New York. The United States government-endorsed ...
Blink, a chain owned by the luxury fitness company Equinox Group filed for bankruptcy to help facilitate a sale of the business. More than half the locations in New York are at risk of closing.
Iconic names such as JCPenney and even companies that weren't in financial trouble before the coronavirus pandemic fled to court for bankruptcy protection. All These Companies Filed for Bankruptcy ...
The bankruptcy of Lehman Brothers, also known as the Crash of '08 and the Lehman Shock on September 15, 2008, was the climax of the subprime mortgage crisis. After the financial services firm was notified of a pending credit downgrade due to its heavy position in subprime mortgages, the Federal Reserve summoned several banks to negotiate ...
Casa Bonita. Christopher & Banks. Cicis Pizza. Conneaut Lake Park. CWT (company)
The company announced that its British arm was entering administration (similar to bankruptcy protection in the U.S.) on Monday, just a week after it received a notice from Nasdaq, the U.S.’s ...
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