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Circuit City filed for bankruptcy in 2008, in a Trustee Program district, and saw its fees dramatically increase due to the hike. It challenged the increase as violating the uniformity requirement of the United States Constitution 's Bankruptcy Clause.
On November 10, 2008, Circuit City filed for bankruptcy protection under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Eastern District of Virginia. [ 52 ] [ 53 ] At that time, Circuit City's stock traded well below $1 per share, and was removed from listing on the New York Stock Exchange .
The documentary chronicles the entire 60-year history of the Richmond-based retailer Circuit City. The documentary traces the defunct retailer from its humble beginnings as the family-owned Wards TV, to its rise to become the nation's largest specialty retailer of consumer electronics, to its downhill slide into bankruptcy and liquidation in 2009.
Circuit City, the struggling Big Box electronics retailer, announced earlier this week that it will be closing some 20% of its North American stores in an effort to regain profitability. It will ...
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Subsequently, Circuit City filed for bankruptcy on November 10, 2008, and, after liquidating all of its stores, ceased operations on March 8, 2009. [ 77 ] At the beginning of 2010, Blockbuster had over 6,500 stores, of which 4,000 were in the U.S.— [ 78 ] a number that fell to 3,425 in late October the same year. [ 79 ]
Circuit City Stores, Inc. v. Adams, 532 U.S. 105 (2001), was a United States Supreme Court case that concerned whether the "section one exemption" of the Federal Arbitration Act applied to an employment contract of an employee at Circuit City Stores. The Court held that the exemption was limited to the specific listing of professions contained ...
Party City, which operated about 750 stores, had filed for Chapter 11 bankruptcy in January 2023 and emerged from the process in October 2023 with $1 billion less in debt. It also named a new CEO ...