Lordstown Motors has emerged from bankruptcy with a new name and a nearly-singular focus: continuing its lawsuit against iPhone-maker Foxconn for allegedly “destroying the business of an American startup.” The company announced in a late Thursday regulatory filing that it has put into effect a Chapter 11 restructuring plan that was recently approved by the … Read more
Kanye West has revealed the extent to which his anti-Semitic controversy truly cost him. Amid praise of his Super Bowl Yeezy ad, the rapper revealed he was “two months” away from filing for bankruptcy after losing over $2 billion in a day. He shared that Yeezy made millions from the ad, and his new album, … Read more
TOKYO — Japanese technology conglomerate SoftBank Group returned to profitability in October-December after four straight quarters in the red, the company said Thursday. Tokyo-based SoftBank reported a 950 billion yen ($6.4 billion), profit for the October-December quarter, a reversal from a 783 billion yen loss in the same period a year earlier. It remained in … Read more
Rudy Giuliani pointed at Donald Trump’s 2020 campaign and the Republican National Committee for owing him $2 million in legal fees on Wednesday, Bloomberg Law reported. The former New York mayor and ex-Trump personal attorney met with creditors and the office of the U.S. Trustee at the U.S. Bankruptcy Court in New York after filing … Read more
TechCrunch Mobility is a weekly newsletter dedicated to all things transportation. Sign up here — just click TechCrunch Mobility — to receive the newsletter every weekend in your inbox. Subscribe for free. Welcome back to TechCrunch Mobility – your central hub for news and insights on the future of transportation. This week, read about autonomous vehicle company … Read more
Electric motorcycle startup Cake filed for bankruptcy February 1, CEO Stefan Ytterborn has confirmed to TechCrunch. The Swedish company was in the middle of a funding round, just prior to the filing, but apparently the withdrawal of an investor was what tipped the company over the edge, according to Swedish media reports. Ytterborn declined to … Read more
By Dietrich Knauth NEW YORK (Reuters) – Sandy Hook conspiracy theorist Alex Jones could exit Chapter 11 bankruptcy by late March or early April, his lawyer said on Wednesday after a judge decided families whom he owes $1.5 billion for lying about the 2012 school shooting can vote on competing plans to resolve their claims. … Read more
Rudy Giuliani filed for Chapter 11 bankruptcy protection in New York on Thursday, citing debts that include a nearly $150 million recent civil judgment for defaming two Georgia election workers while serving as a lawyer for former President Donald Trump. The filing by Giuliani came a day after a federal judge in Washington, D.C., ordered … Read more
Rudy Giuliani is pulling out money while he can … hitting up an ATM in the Big Apple the same day he filed for bankruptcy on the heels of a huge loss in court. TMZ obtained photos of the former New York City mayor pulling out cash Thursday from an ATM inside a Citi Bank. … Read more
Rudy Giuliani filed for bankruptcy Thursday, days after a jury ordered him to pay a staggering $148 million to two ex-Georgia election workers Giuliani baselessly accused of committing fraud in the 2020 election. Giuliani’s Chapter 11 petition, filed in U.S. bankruptcy court in New York, lists between $1 million and $10 million in assets and … Read more