Tag Archives: Bankruptcy
A new company is trying to revive the Skully AR helmet
Last year, Skully, the startup that crowdfunded its AR motorcycle helmet, shut down following many delays, mounting financial woes and an attempted sale to LeEco that didn't go through. But TechCrunch got its hands on an email that was sent to those...
ToysRUs Files for Bankruptcy
Toys ‘R’ Us might declare bankruptcy soon
Toys 'R' Us might file for bankruptcy as soon as today, according to Bloomberg. That should help the toy giant restructure the $400 million in debt that comes due for it next year, which it was saddled with after getting bought out a decade ago. Whil...
Faulty airbags cost Takata everything
Takata, the Japanese corporation at the heart of the auto industry's largest ever product recall, has filed for Chapter 11 bankruptcy protection. The business supplied airbag inflators that, thanks to poor standards in the plant where they were manuf...
Smart card Plastc goes under despite $9 million in preorders
Plastc, a smart payment card that can store all your CC details, promised to be the only plastic you'll ever need to bring when it started taking pre-orders in 2014. Now, almost three years and countless shipment delays later, the company threw in th...
Gawker settles with Hulk Hogan for a reported $31 million
Since Gawker lost its court battle with Hulk Hogan back in June and filed for bankruptcy, it's been unclear just how much the former professional wrestler would get given the massive $140 million judgment awarded him. But today, the media company's c...
Gawker Media files for bankruptcy thanks to Hulk Hogan and Peter Thiel
A few weeks ago, it was revealed that Silicon Valley billionaire Peter Thiel, a co-founder of Paypal and current Facebook board member, was bankrolling Hulk Hogan's lawsuit against Gawker Media. (Got all that?) Despite the fact that Gawker has vowed...
World’s largest coal mining firm declares bankruptcy
It won't shock you to hear that the coal industry is facing tough times lately. Job cuts, mine closures and other signs of financial trouble are par for the course. However, that downturn just reached an important milestone: Peabody Energy, the wor...
SF’s Yellow Cab blames lawsuits, Uber and Lyft for bankruptcy
San Francisco's Yellow Cab Co-op has filed for bankruptcy, a few weeks after the first reports came out that it was on the verge of doing so. According to San Francisco Examiner, the biggest taxi company in the city blamed two things in the documents...