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The company that operates the fast-fashion retail brand, called F21 OpCo, LLC, has filed for Chapter 11 bankruptcy protection in a Delaware court. Like Joann, Forever 21 is now in its second bankruptcy; it also filed for Chapter 11 protection in 2019, just months before the pandemic. Forever 21 is facing another bankruptcy.
Documents uncovered by Prime Unicorn Index and shared with TechCrunch show that the startup has filed papers in Delaware to raise up $1 billion raise at a $14 billion pre-money valuation. As with all Delawarefilings, they only tell part of the story, so the company might ultimately raise more or less before the round closes.
The company has filed paperwork for the fundraise in Delaware, first discovered by Justin Byers and the team at Prime Unicorn Index. “We have a company policy where we don’t comment on speculations,” a spokesperson said to me via email.
Several retail companies, including some with ties to nationally recognized brands, have stepped in to take over leases on Big Lots stores in at least 12 different states, according to recent court filings. The list includes locations in Delaware, Pennsylvania, Massachusetts, Maryland, Maine, New Jersey, New York, and Vermont.
But the wealth fund retracted the invite shortly after Faraday Future founder Jia Yueting filed for bankruptcy to resolve billions of dollars of personal debt , according to a previously unreported transcript of one of the Chinese tycoon’s Chapter 11 proceedings. “We He borrowed $2.7 for $43,810 per month in 2019. Warm Time Inc.
OpenAI did not reply to a request for comment on Musks bid for the nonprofits assets. Musks lawyers said in a filing on Wednesday that he would abandon his offer if OpenAI agreed to stop its for-profit conversion. Otherwise, they said in the filing, the charity must be compensated by what an arms-length buyer will pay for its assets.
The only other US Amazon employees to make it as far as a union election was a smaller group of maintenance workers at a Delaware warehouse in 2014. A month later, they had collected enough signatures supporting an election to feel confident filing a petition with the National Labor Relations Board.
The lawsuit was filed by 23 states and the District of Columbia. The other plaintiffs are Arizona, Connecticut, Delaware, the District of Columbia, Hawaii, Illinois, Kentucky, Maine, Maryland, Massachusetts, Michigan, Nevada, New Jersey, New Mexico, New York, North Carolina, Oregon, Pennsylvania, and Wisconsin. Kennedy Jr.
VMware filed the lawsuit ( PDF ) on March 21 in the US District Court for the District of Delaware, as spotted by The Register. Read full article Comments The Broadcom company claims that Siemens outed itself by revealing to VMware that it downloaded and distributed multiple copies of VMware products without buying a license.
Seventeen states and Washington, DC have filed a lawsuit against the Trump administration’s policy that would prevent international students who are taking online courses from remaining in the US. Harvard and MIT have already filed a lawsuit in the US District Court in Boston seeking a temporary restraining order.
John Paul Mac Isaac was the owner of The Mac Shop, a Delaware computer repair business. The Post said it indirectly obtained its files via Trump lawyer Rudy Giuliani’s attorney, who in turn obtained them from Mac Isaac. Twitter did not immediately respond to a request for comment.
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