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But by 1995, after declaring bankruptcy due to mismanaged finances, her life began a downward spiral. ... Now I'm Here' — Susan Powter Loses $50 Million Fitness Empire And Turns To GrubHub ...
The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought a $140 million judgment against the company, but reduced it to what Grubhub is able to pay, they said.
Grubhub Inc. (stylized in all caps) is an American online and mobile prepared food ordering and delivery platform based in Chicago, Illinois. Founded in 2004, it was a subsidiary of the Dutch company Just Eat Takeaway since 2021. [2]
Originally, Grubhub was ordered to pay $140 million, which would have been one of the largest penalties against a food delivery service. However, Grubhub said it was unable to pay the full amount ...
In 1995, Powter filed for personal bankruptcy. [4] In October 2024, Powter revealed that due to a series of lawsuits in the 1990s and poor financial planning she had been left virtually destitute, living in an RV, and delivering food for Grubhub and Ubereats. After a health scare, she enrolled in Medicaid. [15]
In 2019, the company announced it would lay off all of its employed drivers, and move to a contract-only model, similar to Grubhub and DoorDash. [5] The move resulted in 2,300 drivers being laid off. [6] Carl Grimstad was appointed Waitr's CEO in 2020 and tasked with recovering the company after a US$291 million net loss in 2019. Despite the ...
Grubhub will pay $25 million to settle charges it misled customers about the cost of their delivery and drivers about how much they could earn on the food-delivery platform.
Egghead Software: An online software retailer, its shares surged in 1998 as investors bought up shares of Internet companies; by 2001, the company was bankrupt. eToys.com: An online toy retailer whose stock price hit a high of $84.35 per share in October 1999. In February 2001, it filed for bankruptcy with $247 million in debt.