FitLab Inc., which makes cardio equipment and runs boutique fitness studios, said it filed bankruptcy following disruptions to its supply chain and the loss of a key deal with Nike Inc.
Character Technologies should hire a privacy ombudsman to assess whether its artificial intelligence platform is harmful to children, as part of its plan to license some of its technology to Walt Disney Co., a judge said in a bankruptcy court hearing Friday.
An ex-Jefferies Financial Group Inc. hedge fund manager charged with defrauding his former employer can sue the firm to cover his legal defense costs, a New York appellate court ruled.
The two brothers who built First Brands Group into a global business, and whom prosecutors accuse of driving it into bankruptcy through a multibillion-dollar fraud, are now pointing the finger at each other.
Brightline persuaded creditors owed about $1 billion to back a deal to repair its balance sheet and won court approval for a new loan to keep the Florida passenger railroad running while in bankruptcy.
Alternative investment firm 777 Partners has filed for bankruptcy weeks after creditors sought to liquidate what’s left of the company that began unloading its assets more than a year ago.
The Federal Communications Commission is narrowing an aspect of Dish Network’s proposed restructuring deal that the regulator said would have improperly repaid corporate bondholders from a $2.4 billion fund earmarked for contractors in the buildout of its 5G network.
Red Lobster’s $20 all-you-can-eat shrimp deal wasn’t just a badly designed promotion that inadvertently helped tip the iconic American restaurant chain into bankruptcy.
Geneva School of Manhattan — an institution that describes itself as a “classical Christian school” — is acquiring the former Upper West Side home of a bankrupt private school for $33.2 million.
Simad Holdings, the operator of youth sleep-away camps in the Northeast including a popular retreat in New York’s Catskill mountains charging $16,750 for the summer, has filed for bankruptcy.
The US government has joined the line of creditors impacted by alleged fraud at bankrupt auto-parts maker First Brands, in this instance for accusations the company cheated on how much it should have paid on tariffs.
A mechanic works on a vehicle at an automotive shop in Oklahoma City, Oklahoma. Photographer: Nick Oxford/Bloomberg
Nearly a year after Manhattan Country School went bankrupt and closed, its former campus has found a potential buyer in an up-and-coming school that offers what it refers to as a Classical Christian education.
Bankrupt auto-parts maker First Brands Group should be taken over by a court-supervised trustee who can finish liquidating its assets at a much lower cost than what the company’s high-priced advisers are charging, federal officials argued in a court filing.
Autolite spark plugs at an auto parts store in Provo, Utah.
Spirit Aviation Holdings Inc. is set to start an orderly wind-down process to sell its assets, capping the downfall of the low-cost carrier that has filed for bankruptcy twice in recent years and failed to clinch a last-minute US government rescue.
Spirit Airlines signage at the check-in counter at Baltimore Washington International Thurgood Marshall Airport.
A lender that owns First Brands Corp. debt sued auditor BDO USA P.C., alleging it failed to detect problems at the auto parts supplier before it collapsed into bankruptcy and federal prosecutors accused founder Patrick James of fraud.
Patrick James, founder and former chief executive officer of First Brands, right, arrives at federal court in New York, US, on Wednesday, Feb. 4, 2026. First Brands founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year.
Ken Griffin’s Citadel has been intertwined in Spirit Aviation Holdings Inc.’s bankruptcies over the past two years. It even parted ways earlier this year with a portfolio manager after a series of losses that included a soured bet on the distressed budget carrier.
Private equity backed Multi-Color Corp won court approval for a restructuring plan that cuts nearly $4 billion in debt, clearing the way for the label maker to exit Chapter 11 after striking a deal with a dissenting lender group.
First Brands Group’s former chief strategy officer asked a judge to dismiss a civil lawsuit that blames him in part for the auto-parts supplier’s collapse, arguing that founder Patrick James and his brother, Edward, concealed the alleged fraud that brought down the company.
Patrick James, founder and former chief executive officer of First Brands, arrives at federal court in New York, US, on Wednesday, Feb. 4, 2026. First Brands founder Patrick James and his brother Edward, a former executive at the company, were indicted in New York following the collapse of the bankrupt auto-parts maker last year.
A federal judge said he would let label-maker Multi-Color Corp. draw the rest of its $250 million Chapter 11 loan, but stopped short of approving a contested feature of the financing that would push some existing debt to the top of the repayment line.