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Bankruptcy

Bankruptcy

COVID-19 and Wildfires Test Mettle of California Wineries

Amy Smith
COVID-19 has caused a surge in alcohol-related purchases, but it has also challenged many California wineries, which have had to change the...
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Bankruptcy

Iconic Loeb Boathouse Makes Layoffs Permanent, Shutters Until Spring 2021

Amy Smith
The Loeb Boathouse, an iconic restaurant in New York City's Central Park, notified the New York Department of Labor on September 8...
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Opioid Manufacturer Mallinckrodt Files for Chapter 11 amid Litigations

Bankruptcy Masahiro Ito
On October 12, Mallinckrodt plc filed Chapter 11 petitions in the U.S. Bankruptcy Court for the District of Delaware. 

Graceland to Host Miss USA Pageant as Neighboring Hotel Files Chapter 11

Bankruptcy Bridgett Jordan
Graceland, the home of Elvis Presley in Memphis, TN, is set to host the sold out 2020 Miss USA pageant this November....

Effects of COVID-19 Recession on Tourism

Bankruptcy Masahiro Ito
From airlines to hotels to cruises, tourism businesses have faced unprecedented distress due to the COVID-19 pandemic. Global travel...

King Mountain Tobacco Files for Bankruptcy, Alleges Unjust Government Taxes

Bankruptcy Amy Smith
After years of fighting with state and federal governments over taxes, King Mountain Tobacco Company, Inc. filed for bankruptcy on September 25....

National Restaurant Chain Ruby Tuesday Files for Chapter 11

Bankruptcy Masahiro Ito
On October 7, Ruby Tuesday, Inc. announced its filing of a voluntary petition for reorganization.  Founded in 1972, the...

Golden Corral Operator Files for Bankruptcy

Bankruptcy Angelina Vasilevsky
The largest operator of Golden Corral, 1069 Restaurant Group LLC, voluntarily filed for Chapter 11 on October 5, in the U.S. Bankruptcy...

Venture Capital

Series Funding

Scener Receives $2.1M in Seed Funding

Desirae Gooding
Scener, a watch-together streaming service, received $2.1 million in seed funding round led by Seattle-based SeaChange. The platform's co-viewing movie and television...
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Deals

Twilio Acquires Customer Data Startup Segment for $3.2 Billion

Michelle Strydom
Twilio Inc., a customer communications platform provider, has announced it will acquire Customer Data Platform (CDP) startup Segment Inc. Twilio acquired the...
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E-rated Gaming Platform Roblox Begins IPO Filing

M&A/IPO Desirae Gooding
Online gaming platform, Roblox is in the process of filing an IPO. Although the company declined to comment, it disclosed in a...

The Future of IPOs Seems Bright for Life Sciences

Articles Diana Rangaves, PharmD
In the current IPOs market environment, recently started biotech companies have found it challenging to get funding for research within Europe. However,...

Equity Crowdfunding Platforms Crowdcube and Seedrs Agree to Merge

Deals Michelle Strydom
Crowdcube Capital Ltd (Crowdcube) and Seedrs Limited (Seedrs), two of the leading equity crowdfunding platforms in the UK, announced that they have...

Lark Health Closes $55 Million Series C Funding

Series Funding Michael-Yoshi James
On October 8th, 2020, Lark Health managed to raise $55 million in its Series C funding round. From its website, its leading...

Deals & Exits

Reports

Bankruptcy

New High Yield Bond Ratings October 12 – October 16, 2020

Bridgett Jordan
At least 15 companies received downgrades or revisions on high yield bond ratings during the week of October 12 – October 16,...
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New Chapter 11 Filings, Disclosures: October 12 – October 16, 2020

Bankruptcy Angelina Vasilevsky
At least three major companies have either filed for Chapter 11 Bankruptcy protection or defaulted on loans during the week of October...

New High Yield Bond Ratings October 5 – October 9, 2020

Bankruptcy Bridgett Jordan
At least 13 companies received downgrades or revisions on high yield bond ratings during the week of October 5 – October 9,...

New Chapter 11 Filings, Disclosures: October 5 – October 9, 2020

Bankruptcy Angelina Vasilevsky
At least five major companies have either filed for Chapter 11 bankruptcy protection or defaulted on loans during the week of October...

Quarterly Report: Tariffs and International Trade Agreements, 3rd Quarter 2020

CB Reports & Data Vaidik Trivedi
The 3rd quarter tariffs of 2020 affected imports of including aluminum, alcohol, chemicals and tech services. As economies look to reopen with...

PE Firms See 100 Fewer Distressed Assets in Q3 than Q2

Bankruptcy Joseph Weitemeyer
The U.S. economy continues to suffer from the COVID-19 pandemic. But as bankruptcies and defaults continue to pile up, private equity firms...

Q3 Report Shows Increase of Defaults Within Energy Companies

Bankruptcy Angelina Vasilevsky
COVID-19-enforced lockdowns devastated the global economy. Defaults in Q3 2020, however, have begun to slow down. At least thirty-four major companies have...

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