May 24, 2024
The co-founder of online moving service Lugg Inc. failed to alert the company to lawsuits including a proposed class action alleging the startup underpaid workers in California, an oversight that led to legal penalties and a Chapter 11 bankruptcy filing by the Y Combinator-backed venture last week.
May 20, 2024
Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.
May 17, 2024
Moving services company Lugg Inc. filed for bankruptcy protection in Delaware on Friday with more than $3 million in debt, saying it faces a number of default judgments after one of its remote workers failed to monitor messages about lawsuits aimed at the company.