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Baltimore-Based Tessemae’s Plans to Sell Salad Dressing Company for $4.75 Million Through Bankruptcy

Tessemae’s, a Baltimore-based maker of organic salad dressing and condiments sold at dozens of national and regional retailers, plans to sell to a New Jersey owner of specialty food brands for $4.5

Canadian Cities, First Nations Oppose Purdue Opioid Settlement That Left Them Empty-Handed

The U.S. Supreme Court review of Purdue Pharma’s $6 billion opioid settlement could open the door for Canada’s municipalities and indigenous First Nations — the only two groups not made up of

Embattled Solar Company Operating in Connecticut Files for Bankruptcy

A solar company under investigation in Connecticut and around the country filed for bankruptcy, NBCConnecticut.com reported. Vision Solar filed for chapter 7 bankruptcy on December 28. After a joint

New Management at Lucky Bucks Sues Former Executives, Alleges Fraud

The slot machine operator formerly known as Lucky Bucks is suing members of its former management and their affiliates, seeking the return of approximately $200 million and accusing them of defrauding

Guanella Pass Brewing Files for Chapter 11

Guanella Pass Brewing, which has locations in Georgetown and Empire, Colo., filed for chapter 11 on Dec. 30, the Denver Post reported. The 7-year-old brewery has $2.3 million in debt, far more than

St. Louis Bankruptcy Attorney Accused of Mail, Wire Fraud

A bankruptcy attorney appeared in U.S. District Court in St. Louis on Wednesday to answer charges accusing him of defrauding the state of Missouri and lending institutions, according to DOJ press

The Messenger, Which Aimed to Transform Media, Faces Dire Financial Straits

Shortly before the media start-up The Messenger launched last year, its president said that the company planned to generate more than $100 million of revenue in 2024. It will need a major turn in

Commercial Chapter 11 Filings Increase 72 Percent in Calendar Year 2023

Commercial chapter 11 filings increased 72 percent to 6,569 in calendar year 2023 from the previous year’s total of 3,819, according to data provided by Epiq AACER, the leading provider of U.S

FTX Says It Is Owed Billions. It Has Filed About a Dozen Lawsuits to Realize Its Claims.

FTX is on the hunt for billions of dollars that the cryptocurrency exchange says it is owed. Since filing for bankruptcy in November 2022, the company — through a dozen or so lawsuits — has been

Hull Organization LLC, Affiliates File for Chapter 11 Protection

A Louisville business and its affiliates have filed for bankruptcy protection, the Louisville Business First reported. Hull Organization LLC, Hull Properties LLC, Hull Equity LLC and 4 West LLC all