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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