Nine West Holdings Inc has filed an amended Chapter 11 bankruptcy plan that will reduce its pre-bankruptcy debt obligations and could provide cash recovery to stakeholders.
Lawyers for Becker, a three-time Wimbledon champion, lodged a claim in the UK's High Court asserting immunity after he was appointed a sports attache for the Central African Republic in April.
Millions of dollars due in payments to the suppliers are at risk as the iconic toy maker speeds toward US liquidation. The retailer's difficult financial position has also put more than 3000 jobs at risk in the UK.
The investors pulled out of the deal after discovering tens of millions of dollars in undisclosed debt. The Weistein Company says it will continue to pursue an orderly bankruptcy process to maximise its value.
The private toy retailer had previously said it was working with investment bank Lazard Ltd to help address its approximately $5 billion in debt.
Mark Karpeles, the chief executive of a now-defunct bitcoin exchange, has been charged with embezzlement and data manipulation that prosecutors claim caused the loss of about $500M.
Soupman Inc licensed the name and recipes of the chef who inspired Seinfeld's "Soup Nazi" character. The move to seek bankruptcy protection comes just weeks after Soupman's former CFO was indicted for tax evasion.
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