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It provided services to 38% of the Fortune 500 companies, among 2,500 corporate clients worldwide. It had 760 moving agents; these agents had a fleet size of 7,800 vehicles. [2] During February 2008, the company entered bankruptcy and re-organized, emerging in May 2008 as a private company. [3]
At 12:00 pm on Sunday, July 30, 2023, the company ceased operations due to financial problems. [ 7 ] [ 8 ] On August 6, 2023, it filed for Chapter 11 bankruptcy protection . [ 9 ] It owes $730 million to the federal government, which owns 30% of the corporation, as a result of the $700 million pandemic loan Yellow received in 2020. [ 10 ]
This is a list of Supreme Court of the United States cases in the area of bankruptcy. This list is a list solely of United States Supreme Court decisions about applying law related to bankruptcy. Not all Supreme Court decisions are ultimately influential and, as in other fields, not all important decisions are made at the Supreme Court level.
As you've probably heard by now, YRC Worldwide recently made its case for why its Teamster union employees should accept cuts to their wages and benefits. As CEO James Welch so delicately put it ...
A more than 100-year-old Wichita company has filed for Chapter 11 bankruptcy to restructure the business and potentially bring in new partners. Amid bankruptcy filing, Pioneer Balloon owners find ...
Post-bankruptcy filing, CMED's liquidator found itself probing an alleged $355 million insider fraud. In March 2017, the U.S. Department of Justice criminally indicted the CMED founder and CEO, as well as the former Chief Financial Officer, charging them with securities fraud and wire fraud conspiracy for stealing more than $400 million from ...
Jones and Free Speech Systems filed for bankruptcy protection in 2022, when relatives of many victims of the 2012 school shooting that killed 20 first graders and six educators in Newtown ...
A bankruptcy problem, [1] also called a claims problem, [2] is a problem of distributing a homogeneous divisible good (such as money) among people with different claims. The focus is on the case where the amount is insufficient to satisfy all the claims. The canonical application is a bankrupt firm that is to be liquidated.