The huge trucking and logistics company suffers from macroeconomic and industry headwinds that are driving the Great Freight Recession.

ENDICOTT, N.Y. (WBNG) -- On Tuesday, “iM3NY,” the lithium-ion cell manufacturing gigafactory located in Endicott, filed a motion to dismiss its Chapter 11 case in the United States Bankruptcy Court ...

Recent SDNY cases support using opt-out procedures for third-party releases in Chapter 11, aligning with courts that see silence or inaction as consent under federal law. The Supreme Court’s Purdue ...

Luminar Technologies, Inc. (NASDAQ: LAZR) (the “Company” or “Luminar”), a leading global technology company, today announced that it has initiated voluntary chapter 11 cases in the U.S. Bankruptcy ...

DENVER--(BUSINESS WIRE)--Modivcare Inc. (the “Company” or “Modivcare”) (Nasdaq: MODV), a technology-enabled healthcare services company that provides a platform of integrated supportive care solutions ...

"While a Chapter 11 seems imminent, there are likely some Hail Marys that could save Saks from filing for bankruptcy," he ...

The large supplier is also behind Michelin-branded wipers, Philips-branded bulbs. According to a statement released on September 29, U.S. auto parts supplier First Brands has filed for Chapter 11 ...

Lugano Diamonds & Jewelry Inc. (“Lugano” or the “Company”), a designer, manufacturer, and retailer of high-end jewelry, today announced that the Company and certain of its affiliates have voluntarily ...

Astute lenders are always looking for ways to minimize risk exposure, protect remedies, and maximize recoveries in connection with a loan, especially with respect to borrowers that have the potential ...

No one sets out in business to fail, but despite our best efforts, this sometimes occurs. The reasons are multiple and varied: Sometimes there is a change in the industry and the business has not been ...

Continues to Deliver High-Performance LiDAR and Related Services and Support to Customers ORLANDO, Fla.--(BUSINESS WIRE)-- Luminar Technologies, Inc. (LAZR) (the “Company” or “Luminar”), a leading ...