The former co-CEOs of bankrupt lab testing startup uBiome Inc. were charged with securities and healthcare fraud, among other crimes, in an indictment brought by a federal grand jury in San Francisco. …
Read More »Texas Power Company Griddy Files for Bankruptcy as Aftermath of Winter Storm Continues
Griddy Energy, Texas Electricity Provider Accused of Charging Customers Thousands of dollars during winter storm Uri said Monday that it filed for bankruptcy. Griddy was a “thriving business with more than 29,000 …
Read More »Texas grid operator discussed financing with Goldman as power buyers resist payment shortfall
The Texas grid operator has been in talks with financial institutions, including Goldman Sachs Group Inc., about possible financing options to address a deficit of more than $ 3 billion in electricity …
Read More »Greensill Capital falls into insolvency and financial pain spreads
LONDON – Greensill Capital filed for insolvency protection on Monday, according to a person familiar with the company, days after regulators took over its banking unit and Credit Suisse Group AG frozen …
Read More »San Jose’s iconic Fairmont files for bankruptcy and closes through summer – NBC Bay Area
The iconic Fairmont Hotel, located in the heart of San Jose’s downtown cultural and entertainment district, will be temporarily closed, it was announced Friday. FMT SJ LLC, the operator of the iconic …
Read More »Fairmont Hotel in downtown San Jose files for bankruptcy
SAN JOSÉ – The Fairmont Hotel, a landmark in downtown San José, filed for bankruptcy on Friday and closed its doors, but says it will reopen and resume operations in two to …
Read More »Brazos, the oldest electric cooperative in Texas, files for bankruptcy after a $ 2 billion bill
Texas’ oldest and largest energy cooperative is filing for Chapter 11 bankruptcy protection, citing last month’s winter storm that left millions of state residents without power. Brazos Electric Power Cooperative, which serves …
Read More »Brazos, the oldest electric cooperative in Texas, files for bankruptcy after a $ 2 billion bill
Texas’ oldest and largest energy cooperative is filing for Chapter 11 bankruptcy protection, citing last month’s winter storm that left millions of state residents without power. Brazos Electric Power Cooperative, which serves …
Read More »Greensill Capital faces potential insolvency after Credit Suisse suspends mutual funds
Specialist finance firm Greensill Capital headed for a rapid collapse after Credit Suisse Group AG suspended $ 10 billion in mutual funds that fueled the SoftBank Group Corp.-backed startup. With a key …
Read More »Texas Electric Company Files Bankruptcy Citing $ 1.8 Billion In Grid Operator Claims
FILE PHOTO: Overhead power lines seen during record temperatures in Houston, Texas, USA, February 17, 2021. REUTERS / Adrees Latif // File photo HOUSTON (Reuters) – Texas’ oldest and largest electric power …
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