Corporate Restructuring

WeWork withdrew its IPO in September 2019 after investors questioned its business model and corporat...

Luckin Coffee was revealed to have fabricated 310 million in sales in April 2020. The Chinese coffee...

AIG received a 182 billion government bailout in September 2008. The insurance giant had sold credit...

Citigroup received 45 billion in TARP capital injections plus a government guarantee on 306 billion ...

Bank of America acquired Merrill Lynch on January 1, 2009 for approximately 50 billion. The deal was...

Royal Bank of Scotland was effectively nationalized in October 2008. The UK government took an 84 pe...

Countrywide Financial, the largest mortgage lender in the US, was acquired by Bank of America in Jan...

Wachovia was acquired by Wells Fargo in October 2008 for 15 billion in stock, avoiding collapse. Wac...

Merrill Lynch was acquired by Bank of America in September 2008 before it could fail. Merrill had lo...

Southwest Airlines was one of the few major US airlines that did not file for bankruptcy in the 2000...

Air India accumulated massive losses after its 2007 merger with Indian Airlines. The combined airlin...

Bitfinex, a major cryptocurrency exchange, was hacked in August 2016. Approximately 120,000 bitcoins...

Yes Bank, Indias fourth largest private bank, was rescued by the Reserve Bank of India in March 2020...

Luckin Coffee emerged from its 2020 fraud scandal through a Chapter 15 bankruptcy proceeding in the ...

Caesars Entertainment, formerly Harrahs Entertainment, filed for Chapter 11 bankruptcy on January 15...

Acer Inc underwent a major restructuring in 2000 after losing 7.5 billion Taiwan dollars. Founder St...

Nokia sold its mobile phone business to Microsoft in September 2013 for 5.4 billion. Nokia had once ...

Motorola Mobility was acquired by Google in May 2012 for 12.5 billion. Google wanted Motorolas paten...

BlackBerry wrote off 934 million in unsold inventory in September 2013. The company had once dominat...

Yahoo was acquired by Verizon in June 2017 for 4.48 billion, a fraction of its peak value of 125 bil...

Better com, the digital mortgage lender, laid off 900 employees on a Zoom call in December 2021, one...

Voyager Digital settled with the FTC in 2023 for misleading customers about FDIC insurance. The sett...

The FTX bankruptcy estate recovered approximately 14 billion for creditors by 2024, a remarkable out...

Synthetic Biologics reverse split its stock 1 for 20 in 2020 to avoid NASDAQ delisting. The biotech ...

The Celsius bankruptcy estate created a novel restructuring plan that distributed cryptocurrency to ...

BlockFi settled with the SEC and state regulators for 100 million in February 2022, before its bankr...

Rent the Runway, the clothing rental service, went public in October 2021 at a 1.7 billion valuation...

Faraday Future, the electric vehicle startup, has survived multiple near bankruptcy experiences. Fou...

Nikola Corporation went public via SPAC in June 2020. The stock reached 93 per share, giving Nikola ...

Workhorse Group, an electric delivery van manufacturer, has teetered on the edge of bankruptcy for y...

Rivian Automotive burned over 6 billion in cash in 2022 alone. The company had raised approximately ...