Weinstein Co says its bankruptcy filing won’t protect ex-chairman

NEW YORK/CHICAGO (Reuters) – The Weinstein Company’s bankruptcy filing will not protect ex-Chairman Harvey Weinstein, who has been accused of sexual harassment and assault, an attorney for the studio told U.S. Bankruptcy Court Judge Mary Walrath on Tuesday. “We are not here to protect Harvey Weinstein,” attorney Paul Zumbro said. “(The Weinstein Company) filing for bankruptcy relief in no way affects anyone’s ability to pursue civil or criminal claims against Harvey Weinstein.” Weinstein, who co-founded the company with his brother…

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Weinstein Company files for bankruptcy, staff can break silence

Harvey Weinstein has been accused of secual misconduct by over 70 women. Ilya Savenok The silence surrounding Harvey Weinstein might be about to end. Film and TV studio The Weinstein Company said on Monday it has filed for voluntary bankruptcy. It will also release all employees from non-disclosure agreements which may have silenced some victims of alleged sexual harassment and assault by its former chairman, Harvey Weinstein. The company filed for bankruptcy in a Delaware court, listing $500 million to…

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Harvey Weinstein’s The Weinstein Company Files For Bankruptcy

Harvey Weinstein was sacked as chairman in October after the first sexual abuse allegations emerged New York, United States:  Harvey Weinstein’s former production company announced late Monday it had filed for bankruptcy, less than six months after the Hollywood mogul was beset by avalanching sexual assault allegations. The studio also said it was immediately releasing accusers from non-disclosure agreements which Weinstein had used to silence them, allowing women to speak up without fear of retaliation. “Even as the company heads into…

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Weinstein Co. files for bankruptcy, says it will release victims from NDAs

The Weinstein Co. filed for bankruptcy protection on Monday with a buyout offer in hand from a private equity firm, the latest twist in its efforts to survive the sexual misconduct scandal that brought down co-founder Harvey Weinstein, shook Hollywood and triggered a movement that spread out to convulse other industries. The company also announced it was releasing any victims of or witnesses to Weinstein’s alleged misconduct from non-disclosure agreements preventing them from speaking out. That step had long been…

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Salim Mehajer declared bankrupt after court action over$200,000 debt

Updated March 20, 2018 14:04:59 Photo: Former Sydney property developer Salim Mehajer. (Facebook) Former Auburn deputy mayor Salim Mehajer has been declared bankrupt by the Federal Circuit Court. The liquidator of his failed company SM Project Developments launched legal action against him in November over a $200,000 debt. The bankruptcy application was supported by a range of creditors, including the Australian Tax Office and Prime Marble & Granite — the company that helped build an opulent staircase in his multi-million-dollar…

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the Teen Jewelry Chain, Files for Chapter 11 Bankruptcy – World

But the company, which says it has pierced more than 100 million ears worldwide, is now struggling financially, with a heavy debt burden. And like so many other retailers, it is looking for help in bankruptcy court. On Monday, Claire’s filed for Chapter 11 bankruptcy protection in Delaware, hoping to shed $1.9 billion in debt and close some underperforming stores. The chain, which said it operates in 99 percent of U.S. malls, selling low-priced cubic zirconia jewelry and other accessories,…

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Retailer behind Claire’s Accessories files for US bankruptcy

The US company behind Claire’s Accessories has filed for bankruptcy protection as part of a move to reduce its debt by 1.9 billion US dollars (€1.5 billion). Claire’s Stores said on Monday its shops, including 378 in the UK, will remain open as it presses ahead with a financial restructure. It will see lenders including Elliott Management and Monarch Alternative Capital inject 575 million US dollars of fresh cash into the group. Claire’s is owned by private equity firm Apollo…

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Claire’s files for bankruptcy, emphasizes ear-piercing service in plan to survive

Claire’s Stores, known for tween jewelry and ear piercing, has become the latest victim of the retail apocalypse. The company filed for bankruptcy Monday and said it reached an agreement with creditors including its private-equity backer, Apollo Global Management, to restructure around $1.9 billion in debt. Its plan to survive rests on its reputation for trendy merchandise and a unique service that it says can’t be replicated by shopping online: ear piercing. “To date, the company estimates that it has…

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Girls’ accessories chain Claire’s files for bankruptcy

By Reuters Published: 06:27 EDT, 19 March 2018 | Updated: 06:27 EDT, 19 March 2018 March 19 (Reuters) – Claire’s Stores Inc has filed for Chapter 11 bankruptcy protection, the girls’ accessories retailer said on Monday, as it succumbs to lower mall traffic like many of its peers. Claire’s expects to reduce debt by about $1.9 billion, and said it reached an agreement with creditors including Elliott Management Corp and Monarch Alternative Capital LP, which will give the company some…

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Insolvency: Uttam Galva seeks 50% haircut. Will SBI oblige?

Uttam Galva Steels is a part of the Reserve Bank of India’s second list of cases, which will be referred to the bankruptcy tribunal for insolvency proceedings after lenders failed to resolve the account by December 2017. State Bank of India will take a decision on a one-time settlement application filed by Uttam Galva Steels at a 50 per cent haircut by March-end, if accepted, will prompt other companies, being referred to the National Company Law Tribunal (NCLT) under the…

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Mnangagwa’s Zimbabwe faces bankruptcy – Bulawayo24 News

ZIMBABWE has been named among seven countries destined to go broke by year end if it does not address its basket of economic and financial woes, a United Kingdom-based company has said. Love Money, a United Kingdom-based financial news service, named Zimbabwe alongside Equatorial Guinea, Haiti, Mozambique, South Sudan, Yemen and Venezuela as vulnerable. The report listed reasons ranging from being a notorious economic basket case to a chronic lack of liquidity as the reasons behind Zimbabwe potentially going broke.“Since…

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Retailers are filing for bankruptcy at a staggering rate — and these 19 companies could be the next to default

Retailers are filing for bankruptcy at a staggering rate — and these 19 companies could be the next to default More Retail defaults and liquidations could exceed last year’s record levels, according to S&P Global Ratings. Sears, J.Crew, and Neiman Marcus are among the companies that could be next to default. Retail bankruptcies and defaults hit a peak last year, soaring past records set during the recession, and things could get even worse this year, according to the credit-ratings agency…

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Loyola Hall developer went from bankruptcy to £500m turnover

The property tycoon behind the re-development of Loyola Hall in Rainhill will be a keynote speaker at St Helens Chamber’s business fair. Lawrence Kenwright’s fascinating lifestory saw him go from bankruptcy in 2008 to running a business, Signature Living, with a £500m turnover last year. Loyola Hall He will speak at the event alongside Alana Spencer, 2016’s winner of The Apprentice and owner of Ridiculously Rich. Lawrence purchased Loyola Hall and plans to convert it into a hotel and wedding…

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Former Coventry City man declared bankrupt as Mark Robins sends message to his troops

Hughes declared bankrupt Former Coventry City striker Lee Hughes has been declared bankrupt. Halesowen Town became the 13th club of Hughes’ 24-year career after they signed him last week following his first spell in management with Worcester City. Hughes, 41, previously worked as a roofer before signing for boyhood team West Brom in 1997. Hughes signed for Coventry in a £5million deal in 2001 but returned to The Hawthorns the following year after scoring 15 goals in 42 league outings…

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