Published on: 2025-06-04 09:54:18
Internet service provider Frontier Communications agreed to settle a lawsuit filed by major record labels that demanded mass disconnections of broadband users accused of piracy. Universal, Sony, and Warner sued Frontier in 2021. In a notice of settlement filed last week in US District Court for the Southern District of New York, the parties agreed to dismiss the case with prejudice, with each side to pay its own fees and costs. The record labels and Frontier simultaneously announced a settleme
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Find related items on AmazonPublished on: 2025-06-12 15:05:36
A sign is posted in front of the 23andMe headquarters in Sunnyvale, California, on Feb. 1, 2024. The drugmaker came out on top following a bankruptcy auction for 23andMe, a once high-flying genetic testing company that filed for Chapter 11 bankruptcy protection in March. The move comes after Regeneron Pharmaceuticals said earlier this month that it will acquire " substantially all " of 23andMe's assets for $256 million. 23andMe on Tuesday announced it will voluntarily delist from the Nasdaq a
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Find related items on AmazonPublished on: 2025-06-27 13:35:59
Pharmaceutical maker Regeneron announced Monday it will buy genetic testing company 23andMe for $256 million following a bankruptcy auction. Regeneron said it will acquire 23andMe’s genomics service and its bank of 15 million customers’ personal and genetic data as part of the deal. The pharma giant said it plans to use the 23andMe customer data to help drug discovery, and that it will “prioritize the privacy, security, and ethical use of 23andMe’s customer data.” 23andMe filed for bankruptcy
Keywords: 23andme bankruptcy company data regeneron
Find related items on AmazonPublished on: 2025-07-08 23:01:39
23andMe, the genetic testing giant once valued in the billions, is now navigating Chapter 11 bankruptcy and notifying millions of current and former customers that they may be eligible to file claims as part of the restructuring process. The company and 11 of its subsidiaries, including Lemonaid Health and LPRXOne, filed for bankruptcy protection on March 23 of this year in the Eastern District of Missouri. Customers were alerted Sunday that they have until July 14 to file claims for losses incu
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Find related items on AmazonPublished on: 2025-08-25 13:30:27
Lucid Motors has announced that it's acquiring certain facilities in Arizona owned by Nikola, an EV truck maker that filed for Chapter 11 bankruptcy protection back in February. It will also offer more than 300 former Nikola employees jobs across its facilities in the state, including roles in engineering, software, assembly, vehicle testing and warehouse support. Lucid says that most of the space it's buying is comprised of state-of-the-art manufacturing and warehousing buildings. It's also get
Keywords: arizona bankruptcy facilities lucid nikola
Find related items on AmazonPublished on: 2025-08-26 00:06:15
EV startup Lucid Motors has emerged as a surprise winner in the bankruptcy auction for electric trucking company Nikola’s Arizona factory and other assets, according a late Thursday night court filing. Lucid committed around $30 million in cash and non-cash considerations in exchange for the factory, Nikola’s lease on its Phoenix headquarters, and “certain machinery, equipment and inventory,” according to the filing. As part of the deal, Lucid is planning to make offers to around 300 former Ni
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Find related items on AmazonPublished on: 2025-08-28 09:08:52
Banking-as-a-service startup Solid (formerly called Wise) has filed for Chapter 11 bankruptcy protection, according to documents filed in the United States Bankruptcy Court for the District of Delaware on April 7. Founded in 2018, the fintech company had raised a total of nearly $81 million in funding from investors such as FTV Capital and Headline. Solid was valued at $330 million as of August 2022, according to PitchBook, when it announced a $63 million Series B round of funding led by FTV.
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Find related items on AmazonPublished on: 2025-09-02 13:46:23
Nikola founder Trevor Milton, who was recently pardoned after being convicted of securities fraud, is trying to buy the assets of his former company out of bankruptcy, according to new court filings and a person familiar with the matter. Nikola filed for Chapter 11 bankruptcy protection in February and has said it hopes to sell its business by the middle of this month. Milton’s bid was met with a frosty reception — filings show the company stopped him from personally inspecting the assets at it
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Find related items on AmazonPublished on: 2025-09-12 01:40:30
Federal Trade Commission Chairman Andrew Ferguson said he's keeping an eye on 23andMe's bankruptcy proceeding and the company's planned sale because of privacy concerns related to genetic testing data. 23andMe and its future owner must uphold the company's privacy promises, Ferguson said in a letter sent yesterday to representatives of the US Trustee Program, a Justice Department division that oversees administration of bankruptcy proceedings. "As Chairman of the Federal Trade Commission, I wri
Keywords: 23andme bankruptcy company data information
Find related items on AmazonPublished on: 2025-09-08 12:00:00
Bankruptcy proceedings involving personal data don’t have to end badly. In 2000, the Federal Trade Commission settled with the bankrupt retailer ToySmart to ensure that its customer data could not be sold as a stand-alone asset, and that customers would have to affirmatively consent to unexpected new uses of their data. And in 2015, the FTC intervened in the bankruptcy of RadioShack to ensure that it would keep its promises never to sell the personal data of its customers. (RadioShack eventually
Keywords: 23andme bankruptcy data genetic users
Find related items on AmazonPublished on: 2025-09-24 16:13:02
Vertical farming company Plenty has filed for bankruptcy, the company said in a press release on Monday. In its statement, Plenty said it has received a commitment for $20.7 million in debtor-in-possession financing as part of a proposed restructuring plan. It plans to continue to operate a strawberry farm in Virginia and a plant science research and development (R&D) center in Wyoming. Debtor-in-possession financing is financing for firms in Chapter 11 bankruptcy. Since its 2014 inception, S
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Find related items on AmazonPublished on: 2025-09-26 17:51:18
DNA testing site 23andMe files for bankruptcy protection Popular DNA testing firm 23andMe has filed for bankruptcy protection, and announced that its co-founder and CEO, Anne Wojcicki, has resigned with immediate effect. The company will now attempt to sell itself under the supervision of a court. 23andMe said in a press release that it plans to continue operating throughout the sale process and that there "are no changes to the way the company stores, manages, or protects customer data." On
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Find related items on AmazonPublished on: 2025-11-06 06:15:26
According to a report from Bloomberg, the ongoing bankruptcy case of the collapsed cryptocurrency exchange/pseudo ponzi scheme FTX has racked up nearly $1 billion in lawyer fees—and that figure continues to climb as firms continue to try to unwind Sam Bankman-Fried’s mess and make creditors whole. Per Bloomberg, $948 million has already been paid to more than a dozen law firms involved in the FTX bankruptcy case—and $952 million in fees have been approved by the court thus far. That figure make
Keywords: bankruptcy billion company creditors ftx
Find related items on AmazonPublished on: 2025-11-05 00:07:07
Electric trucking startup Nikola is hoping to sell what remains of its whole business as early as April, lawyers for the company told a judge Thursday during the first hearing of its bankruptcy case in Delaware. The lawyers claimed Nikola already has at least three interested buyers (who they did not name) and that the company hopes to solicit other bids, with a submission deadline likely in late March. If Nikola can’t find a buyer willing to take on the whole business, the company will pivot
Keywords: bankruptcy company girsky nikola said
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