article thumbnail

Is Forever 21 going out of business? Stores closing, locations in peril as retailer files for 2nd bankruptcy

Fast Company Tech

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.

Files 120
article thumbnail

Elon Musk shifts SpaceX's state of incorporation from Delaware to Texas following legal spat over $56 billion Tesla pay

TechSpot

Musk's reputation for holding a grudge was evident after Delaware Judge Kathaleen St. Musk is expected to file an appeal to. McCormick in January agreed with Tesla shareholder Richard Tornetta's lawsuit that claimed Tesla breached its fiduciary duty by unjustly enriching its CEO to the tune of $56 billion. Read Entire Article

Delaware 111
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Court to decide on $7.6 billion legal fee for lawyers who voided Elon Musk's pay

TechSpot

More than five years after shareholder Richard Tornetta filed suit against Tesla over claims it breached its fiduciary duty by unjustly enriching its CEO to the tune of $56 billion, Delaware Judge Kathaleen St. McCormick voided Musk's pay package in January. Soon after, the four law firms that represented. Read Entire Article

Delaware 121
article thumbnail

Lawyers who stopped Elon Musk's "excessive" $56 billion Tesla pay ask for $6 billion fee

TechSpot

More than five years after shareholder Richard Tornetta filed suit against Tesla over claims it breached its fiduciary duty by unjustly enriching its CEO to the tune of $56 billion, a Delaware judge voided Musk's pay package in January. Read Entire Article

Delaware 119
article thumbnail

Boston Dynamics sues rival robot dog maker over alleged copyright infringement

TechSpot

In its complaint, filed in Delaware federal court, Boston Dynamics claims Ghost Robotics' Vision 60 and Spirit 40, which dog-like robots, infringe on the Hyundai-owned company's patents.

Boston 111
article thumbnail

Filing: Instant grocery startup Gopuff to raise $1B on a $15B post-money valuation

TechCrunch

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 Delaware filings, they only tell part of the story, so the company might ultimately raise more or less before the round closes.

Files 100
article thumbnail

Big Lots store closures update: Other retailers are swooping in to take over locations in several states

Fast Company Tech

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.