Category Archives: Bankruptcy

Psychic Friends Network Revives As A Public Company After 1998 Bankruptcy

Cue cheap joke about how they should’ve known about the legislative and regulatory changes that led to their bankrupcy . . . Looking at today’s filings, we were struck by a strange sense of déjà vu, like a presence from … Continue reading

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U.S. Stimulating Chinese Economy Again as Wanxiang Group Wins Bid for A123′s Assets

Wanxiang Group was announced as the winning bidder for A123 Systems’ assets.  A123 had previously been awarded a federal stimulus grant of about $250 million, had applied for federal loans of about $233 million and had received other incentives from the … Continue reading

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