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Phat Rides Bankruptcy Case Dismissed over Filer's Lack of Authority

The chapter 11 bankruptcy for Tempe-based electric scooter company Phat Rides Inc. proved to be short-lived, the Phoenix Business Journal reported. U.S. Bankruptcy Court Judge Paul Sala on Sept. 14

Fed Holds Rates Steady but Pencils In One More Hike This Year

Federal Reserve officials voted to hold interest rates steady at a 22-year high and revealed a divide over whether they should raise them once more this year, with most leaning toward another increase

U.S. Small-Business Owners Say Damage From High Rates Will Persist

Half of U.S. small-business owners say that rising interest rates over the past 18 months have eroded their margins, reduced revenue and reversed their growth, a survey conducted by Alignable showed

SEC Cracks Down on Funds "Greenwashing" with New Investment Requirement

Wall Street's top regulator on Wednesday adopted a new rule cracking down on so-called "greenwashing" and other deceptive or misleading marketing practices by U.S. investment funds, Reuters reported

PCAOB Proposes Expanded Liability for Individual Auditors Involved in Firm Violations

The Public Company Accounting Oversight Board (PCAOB) proposed expanding liability for individual auditors and certain accounting firms when they contribute to violations by the primary firms handling

UAW Pushes for Automakers to Cut Reliance on Temp Workers

The use of temporary factory workers at the Detroit car companies has long rankled the United Auto Workers union, which wants fewer of them and a faster path to full-time status, the Wall Street

Senate Judiciary Hearing Spotlights "Texas Two-Step" in Chapter 11

The Senate Judiciary Committee held a hearing yesterday titled "Evading Accountability: Corporate Manipulation of Chapter 11 Bankruptcy." Witnesses included Prof. Melissa B. Jacoby of UNC School of

Boy Scouts Victims Begin Receiving Settlement Payouts as Appeals Continue

The Boy Scouts of America’s $2.46 billion settlement trust has begun sending payments to men who were abused as children by troop leaders, under a bankruptcy settlement still facing appeals from a

American Physician Partners Files Bankruptcy After Shutting Down

Medical staffing company American Physician Partners LLC filed for bankruptcy protection to wind down its business after it ceased operations in July, citing economic headwinds brought by the pandemic

UpHealth Puts Unit in Bankruptcy After Losing SPAC Fee Ruling

A unit of UpHealth Inc. filed for bankruptcy after a judge recently ruled the telemedicine provider must pay investment bank Needham & Co. a $31.3 million fee for arranging its 2021 merger with a