The curators managing the VanMoof bankruptcy administration are in talks with a major financier of the e-bike brand about an agreement that would allow a group of disadvantaged customers to get their money back. The lender promised VanMoof that customers who ordered bikes shortly before the bankruptcy would be compensated in the event the company went bust. Many disadvantaged customers …
Co-working space provider WeWork has filed for bankruptcy. WeWork files for bankruptcy Just last week, it was reported that WeWork shares fell by nearly 50 per cent and reports of a possible bankruptcy filing had surfaced online. Paying for space consumed 74 per cent of WeWork's revenue in the second quarter of 2023, the report revealed. "As the co-founder of …
Johnson & Johnson is exploring a plan to offload liabilities from widespread Baby Powder litigation into a newly created business that would then seek bankruptcy protection, according to seven people familiar with the matter. J&J faces legal actions from tens of thousands of plaintiffs alleging its Baby Powder and other talc products contained asbestos and caused cancer. “Johnson & Johnson …
