Restructuring expert appointed to oversea Northvolt's main facility in northern Sweden, amid financial worries
TECHNOLOGY POWERING BUSINESS
News chapter 11
Northvolt Mulls US Bankruptcy Protection – Report
Troubled battery maker Northvolt reportedly considers Chapter 11 bankruptcy protection in the United States as possible option
Fisker Unable To Migrate EV Data To New Owner’s Server
Firesale buyer files emergency objection, after bankrupt Fisker states it cannot transfer vital EV data to new servers
Fisker Seeks Approval For Firesale Of Remaining EVs
Fisker asks bankruptcy judge for permission to sell remaining Ocean SUV at just $14,000 per EV, down from $70,000
Fisker Files For Chapter 11 Bankruptcy
EV maker Fisker files for bankruptcy protection in the US – the second EV venture led by car designer Henrik Fisker to do so
WeWork Emerges From Bankruptcy Protection
WeWork, once valued privately at $47bn and seen as future of workplace, emerges from bankruptcy protection in US
FTX To Repay Creditors In Full, $11 Billion
Good news for creditors. CEO John Ray III says bankrupt crypto exchange FTX will be able to fully repay creditors $11bn
Celsius Network Approved To Exit Bankruptcy
New Jersey-based Celsius Network receives US bankruptcy court approval for a restructuring plan so it can exit Chapter 11
Google Russia Declared Bankrupt After Bank Account Seizure
Russian subsidiary of Google officially declared bankrupt after authorities in Moscow seized bank account in dispute with Western tech
Sam Bankman-Fried Trial Begins With Jury Selection
Trial of former crypto multi-billionaire Sam Bankman-Fried begins in New York, with jury selection underway
Ransomware Attack Blamed As Logistics Firm Collapses
Devastating ransomware attack blamed, as veteran firm KNP Logistics enters administration with 730 jobs lost
FTX’s Sam Bankman-Fried Sent To Jail Over Witness Tampering
FTX's Sam Bankman-Fried sent to jail in the US after judge revokes his $250 million bail over witness tampering
Campaign Finance Charge Against FTX’s Sam Bankman-Fried Dropped
Federal prosecutors drop another charge against FTX co-founder Sam Bankman-Fried, due to extradition agreement with Bahamas
Virgin Orbit Shuts Down After Chapter 11 Filing
Sir Richard Branson ends Virgin Orbit operations going forward, with assets being sold off to rivals in space launch sector
Sam Bankman-Fried Pleads Not Guilty To Additional Charges
Court appearance for former head of FTX, who pleads not guilty to five additional charges from US federal prosecutors
FTX Agrees Deal To Recover $400m From Hedge Fund
New management of failed crypto exchange FTX announce deal to recover more $400 million from a Bahamas-based hedge fund
Virgin Orbit Nears Deal For Emergency Funding, After UK Launch Failure
Days after Virgin Orbit halted operations and furloughed staff, comes a report it is close to securing emergency funding
Sam Bankman-Fried Allegedly Received $2.2 Billion From FTX Entities
Filings from bankrupt FTX show it made transfers of about $2.2 billion to company founder Sam Bankman-Fried
Silvergate Bank To Close Down, Amid FTX Aftermath
Lawyers For FTX’s Sam Bankman-Fried Hint At Trial Delay
Legal team for former FTX CEO Sam Bankman-Fried suggest they may need more time to prepare legal defence of their client
Former FTX Engineer Pleads Guilty To Fraud Charges
Former engineering director of collapsed cryptocurrency firm FTX has pleaded guilty to six criminal charges, including fraud
FTX’s Sam Bankman-Fried Hit With Four More Charges
Four new criminal charges leveled at FTX's Sam Bankman-Fried concerning illegal political donations and bank fraud
Avaya Files For Chapter 11 Protection, Again
Filing for bankruptcy protection will allow cloud comms provider Avaya to reduce its total debt burden to manageable levels
FTX’s Sam Bankman-Fried Ordered Back To Court, After VPN Use
Federal judge unhappy that FTX's Sam Bankman-Fried used virtual private network (VPN) whilst under house arrest
Recharge Industries Makes Surprise Bid For Britishvolt – Report
Aussie battery startup Recharge Industries reportedly makes non-binding offer for collapsed UK battery firm Britishvolt
Crypto Lender Genesis Files For Chapter 11
Another victim of the fallout from FTX collapse, as crypto lender Genesis files for Chapter 11 bankruptcy protection
Britishvolt Calls In Administrators, After Months Of Struggle
Despite staff at battery start-up Britishvolt in Northumberland taking a pay cut last year, the firm has now filed for administration
FTX Recovers $5bn In ‘Liquid’ Assets
Potential good news for customers, as lawyers for FTX say at least $5 billion of liquid assets have been recovered
Court Rules Celsius Network Owns Customer Crypto Assets
Legal setback for customers of bankrupt Celsius Network, after US judges rules firm owns most of the deposited cryptocurrency
FTX’s Sam Bankman-Fried Pleads Not Guilty To Fraud Charges
Faced a possible 115 years in prison, FTX's Sam Bankman-Fried pleads not guilty to fraud charges, as trial is slated for October