$1 purchase
DirecTV To Buy Dish Network For Only $1, But Will Pay Off Company’s Nearly $9.75B Debt
DirecTV has announced that they will be buying Dish Network for $1, with the U.S. multichannel video programming distributor agreeing to take care of Dish Network’s accumulated debts.
bankruptcy
Kmart Set To Close Last Full-Size Store In The Mainland U.S.
The last full-size Kmart store in the United States is officially closing in New York.
bankruptcy
Bob’s Stores Retail Chain Closing All Locations After 70 Years Of Business
Bob’s Stores, a clothing store chain located in the northeast that has been in business for the past 70 years, will be closing all of its locations in the U.S.’s latest retail casualty.
$700 million
Johnson & Johnson Reaches $700M Talc Settlement Over Baby Powder And Other Products
Johnson & Johnson has agreed to pay $700 million to settle an investigation by 42 U.S. states and Washington, D.C. into its marketing of baby powder and other talc-based products blamed for allegedly causing cancer.
$1 billion
Red Lobster Files For Chapter 11 Bankruptcy After Disaster All-You-Can-Eat Shrimp Promotion
The Seafood chain Red Lobster, which lost millions over its all-you-can-eat-shrimp promotion last year, has officially filed for bankruptcy after the chain shut down almost 100 locations last week.
Abril Elfi
Johnson & Johnson To Pay $6.5B To Settle Nearly All Talc Ovarian Cancer Lawsuits
Johnson & Johnson stated that they are planning to pay $6.5 billion to settle nearly all the lawsuits in the United States that have claimed talc-based products caused them ovarian cancer.
Alameda Research hedge fund
Sam Bankman-Fried prosecutor says coder’s cooperation sped up case
Former FTX CTO’s assistance was key to helping investigators understand how Bankman-Fried stole $8 billion in customer funds.
Abril Elfi
Fabrics Retailer Joann Files For Chapter 11 Bankruptcy Protection
Fabrics and crafts retail store Joann has filed for bankruptcy protection after 81 years in business.
Alex Jones
Sandy Hook Families Offer To Settle Alex Jones’ $1.5B Legal Debt For $85M
Sandy Hook families who won almost $1.5 billion in their legal battle against Infowars host Alex Jones have offered to settle that debt for less money.