Skip to main content

Newsroom Headlines

Podcast Firm That Went Viral for Missing Payments Files Bankruptcy

A podcast production company that was accused by comedian Theo Von and others of owing content creators millions of dollars has filed bankruptcy in California, Bloomberg News reported. Kast Media Inc

Developers of Iowa Senior-Living Homes, Including in Waukee, File for Bankruptcy

A pair of Iowa developers has filed for bankruptcy in federal court, leaving uncertain the future of homes and properties in three states — including some under construction in the Des Moines metro

NYCB Sells Some Loans for Gains, Aims to Add Signature into Financial Reporting

New York Community Bancorp has sold some loans for gains and was working to integrate collapsed lender, Signature Bank, into its financial reporting process, it said in its annual report yesterday

Byju’s Must Freeze $533 Million in Win for Lenders, Judge Says

Indian tech firm Think & Learn Pvt must freeze $533 million in order to protect the money for disgruntled lenders who claim the cash should only be used to pay them, a U.S. judge said yesterday

Illinois Trucking Company with 171 Drivers Files for Bankruptcy

An Illinois trucking company with 183 trucks and 171 drivers recently filed for chapter 11 protection, Freight Waves reported. Founded in June 2010, Nationwide Cargo Inc. of East Dundee, Illinois

RMF Parent Approved to Convert from Chapter 11 to Chapter 7 Bankruptcy

The presiding judge in the bankruptcy case involving Reverse Mortgage Investment Trust (RMIT) — the parent company of former leading reverse mortgage lender Reverse Mortgage Funding (RMF) — has

USTP Prevails at Trial on Objection to Chapter 11 Debtors’ Executive Bonuses

The Justice Department’s U.S. Trustee Program (USTP) recently prevented the payment of bonuses to an executive of three small businesses that had stopped operating and already had sold their assets in

Cities Face Cutbacks as Commercial Real Estate Prices Tumble

In San Francisco, a 20-story office tower that sold for $146 million a decade ago was listed in December for just $80 million. In Chicago, a 200,000-square-foot-office building in the city’s Clybourn

WeWork Stock Case Spurs Criminal Charges Over $77 Million Tender Offer

A strip mall mogul accused of running a botched scheme to manipulate the price of WeWork Inc. shares was arrested on fraud charges over what prosecutors called a phony $77 million tender offer

SEC Charges 17 Individuals for Alleged $300 Million Ponzi Scheme Targeting Latino Community

The Securities and Exchange Commission (SEC) charged 17 people for their alleged roles in a $300 million Ponzi scheme that targeted more than 40,000 predominantly Latino investors, according to a