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A payout from a tech giant may be in your future, if you are game enough to file a claim by next month. Oracle America agreed to settle a class-action lawsuit in May for $115 million over ...
The term (sometimes used in the phrase cram-down deal) has also gained currency to denote informally any transaction where existing investors (debt or equity) are forced by circumstance to accept an unappealing transaction, such as an expensive financing, a debt transaction that subordinates them, a dilutive equity raising, or an acquisition at ...
Many of these cases have lead to class action lawsuits and proceedings by the Federal Trade Commision (FTC), resulting in a number of settlements worth millions — or even billions — of dollars ...
Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States. Such reorganization, known as Chapter 11 bankruptcy, is available to every business, whether organized as a corporation, partnership or sole proprietorship, and to individuals, although it is most prominently used by corporate entities. [1]
In November 2022, Google agreed to pay a nearly $392 million settlement related to location tracking practices, the largest consumer privacy settlement ever reached by U.S. state attorneys general ...
A Bankruptcy Exemption defines the property a debtor may retain and preserve through bankruptcy. Certain real and personal property can be exempted on "Schedule C" [42] of a debtor's bankruptcy forms, and effectively be taken outside the debtor's bankruptcy estate. Bankruptcy exemptions are available only to individuals filing bankruptcy.
2018 [325] She filed a Chapter 13 in order to stop a foreclousre of her New Jersey home valued at $2,300,000. Both her secured and unsecured debts each totaled more than $2,000,000 which made her ineligible to be a debtor under Chapter 13. She converted her case to Chapter 11 and then dismissed the case shortly thereafter. [325] Gail Zeiler [326]
A federal judge approved a settlement in the lawsuit, one of the first of it's kind, on Wednesday, with the company behind the algorithm agreeing to pay over $2.2 million and roll back certain ...