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Service - 1 American Leasing - 1 TechCrunch - 1 Business - 1 Street - 1 US - 1 Office - 1 Justice Department - 1

Search resuls for: "Linda Richenderfer"


2 mentions found


☆ Bankrupt EV start-up Fisker wants to sell its 3,300 unsold electric vehicles at an 80% discount to a company that rents cars to NYC Uber and Lyft drivers
  + stars: | 2024-07-05 | by ( Jack Newsham | ) www.businessinsider.com   time to read: +3 min
The company wants to sell just under 3,300 Ocean electric SUVs to American Leasing, lawyers said at a Wednesday hearing reported by TechCrunch. This story is available exclusively to Business Insider subscribers. Even as it prepared to deliver vehicles last year, it was scavenging parts from the personal EVs of the company's CEO and its CFO, Business Insider reported last month. It said selling 200 of the vehicles to American Leasing on an abbreviated timeline would bring in crucial cash to make payroll next month. Some creditors, including people who previously bought Fisker vehicles, are worried that the company will run out of resources to pay its debts and support owners.
Persons: —, Uber, Fisker, Linda Richenderfer Organizations: Service, American Leasing, TechCrunch, Business, Street, US, Office, Justice Department Locations: New York
☆ J&J talc unit faces skepticism on bankruptcy settlement support
  + stars: | 2023-04-11 | by ( Dietrich Knauth | Industry Insight | Insights In Action | ) www.reuters.com   time to read: +4 min
Kaplan said he shared Richenderfer's concerns, but would not take any action to stop LTL's second bankruptcy filing until he gets more information. J&J faces more than 38,000 lawsuits that have been consolidated in federal court in New Jersey alleging that its talc products sometimes contained carcinogenic asbestos, and those cases have been on hold while LTL pursues a bankruptcy settlement. J&J has said its baby powder and other talc products are safe, do not cause cancer or contain asbestos. LTL attorney Greg Gordon said at Tuesday's court hearing that the second bankruptcy is different because the company has fewer assets available and more support for a bankruptcy settlement. Gordon called that an "over the top accusation," saying plaintiffs' support for the settlement is real and substantial.
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