LOS ANGELES, Oct. 11, 2017 /PRNewswire/ — Point.360 (OTC-Pink: PTSX), a leading provider of integrated media management services, announced today that it has filed a voluntary petition for reorganization under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the Central District of California (the “Bankruptcy Court”). The Company intends to use…
Embattled online retailer SurfStitch has reached agreement to sell its Surfdome e-commerce operations in Britain, bringing its global ambitions to an end. SurfStitch’s administrators John Park, Quentin Olde and Joseph Hansell of FTI Consulting have agreed to sell Surfdome to a British-based private equity backed sports and adventure retailer, Internet Fusion, for £7 million (…
Hurricane Maria did more than destroy Puerto Rico’s electric grid and water supply. It has destroyed the Puerto Rican economy. Pharmaceutical factories, the island’s main source of jobs and income, are either closed or partially operating. Many small businesses were destroyed, and those that weren’t are struggling without reliable electricity or running water. The tax…
Japan’s renewed market rally has taken stocks to the highest levels in more than two decades Wednesday and prompted a sardonic response from one of the financial market’s most notorious criminals. Nick Lesson, the infamous “Rogue Trader” who brought down Britain’s Barings Bank, the country’s oldest lender, after a complex fraud of fictitious transactions, phantom accounts and…
Sears Canada workers are feeling confused and angry after learning on Tuesday that the retailer is planning to close its remaining 130 stores. If Sears gets court approval, it will start liquidating the stores as early as Oct. 19, putting the retailer out of business and about 12,000 employees out of work. “Many of us feel frustrated,…
The Supreme Court has come out with another important verdict in the Kirusa Software Private Limited v. Mobilox Innovations Private Limited case, after its landmark decision in the case of Innoventive Industries. This judgement has clarified the meaning of the phrase existence of dispute found under Section 8 (2) of the Insolvency and Bankruptcy Code,…
How addiction brought a world of secrets, pain and destruction into our lives BelfastTelegraph.co.uk Northern Ireland footballer Kyle Lafferty recently admitted that his gambling got out of control and nearly cost him his career. Here, Karen Ireland talks to three people whose lives have been devastated by a dangerous habit. http://www.belfasttelegraph.co.uk/life/features/how-addiction-brought-a-world-of-secrets-pain-and-destruction-into-our-lives-36214795.html http://www.belfasttelegraph.co.uk/life/features/article36214793.ece/f3135/AUTOCROP/h342/2017-10-11_lif_35317260_I4.JPG Email Northern Ireland…
The judgment of the National Company Law Appellate Tribunal (NCLAT), in Macquarie Bank Limited vs Uttam Galva Metallilcs Limited (Company Appeal (AT) (Insol) No. 96/2017), which is further followed in Centech Engineers Private Limited & Anr vs Omicron Sensing Private Limited (Company Appeal (AT) (Insolvency) No. 132/2017), gives a strong warning against the dealing of…
TCL Corp plans to sell a 49 percent stake in its subsidiary TCL Communication Technology for HK$490 million ($62.8 million) as the Chinese electronics maker aims to restructure its stagnant smartphone business. The company will sell an 18 percent stake to Unisplendour Technology Venture Capital Ltd, 18 percent to Oriente Grande Investment Fund LP and…