Chapter 11, Title 11, United States Code

CAPSTONE ALERT: Bragar Eagel & Squire, P.C. Reminds Investors that a Class Action Lawsuit Has Been Filed Against Capstone Green Energy Corporation and Encourages Investors to Contact the Firm

Retrieved on: 
Thursday, November 9, 2023
Goldman Sachs, OTC, Person, Telephone, News, Court, P.C, Bank statement, District court, Central District, Fifth Amendment to the United States Constitution, Capstone, Chapter 11, Title 11, United States Code, Defendant, Failure, Audit committee, Security (finance), Cryptocurrency

Investors have until December 12, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.

Key Points: 
  • Investors have until December 12, 2023 to apply to the Court to be appointed as lead plaintiff in the lawsuit.
  • The Company’s stock price continued to fall the next trading session by $0.05, or 5%, to close at $0.84 per share on August 17, 2023.
  • Then, on September 28, 2023, the Company announced it had filed for Chapter 11 bankruptcy.
  • On this news, the Company’s stock price fell $0.10, or 17%, to close at $0.50 per share on September 28, 2023.

NYSE American to Commence Delisting Proceedings Against Unique Fabricating, Inc. (UFAB)

Retrieved on: 
Thursday, November 9, 2023
Professional Services, Finance, Chapter Seven, Security (finance), NYSE, Bankruptcy, Committee, Bangladesh Securities and Exchange Commission, Disclosure, United States bankruptcy court, NYSE American, Exchange, Chapter 11, Title 11, United States Code

NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Unique Fabricating, Inc. (the “Company”) — ticker symbol UFAB — from NYSE American.

Key Points: 
  • NYSE American LLC (“NYSE American” or the “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Unique Fabricating, Inc. (the “Company”) — ticker symbol UFAB — from NYSE American.
  • Trading in the Company’s common stock will be suspended immediately.
  • NYSE Regulation noted that the Company disclosed it is unlikely that holders of the Company’s common stock will receive any payment or other distribution on account of those shares following the bankruptcy proceedings.
  • The NYSE American will apply to the Securities and Exchange Commission to delist the Company’s common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

Cyxtera Provides Business Update for the Third Quarter 2023

Retrieved on: 
Thursday, November 9, 2023
Technology, Networks, Internet, Data Management, NYSE, Guggenheim Partners, OTC, APA, KCC, Kirkland & Ellis, LLP, BIP, Chapter 11, Title 11, United States Code, TSX, AlixPartners, Video game, Cryptocurrency

Cyxtera (OTC: CYXTQ), a global leader in data center colocation, interconnection services and digital infrastructure, today released a business update for the quarter ended September 30, 2023.

Key Points: 
  • Cyxtera (OTC: CYXTQ), a global leader in data center colocation, interconnection services and digital infrastructure, today released a business update for the quarter ended September 30, 2023.
  • Total revenue increased by $14.0 million, or 7.5% year over year, to $200.5 million in the third quarter.
  • Recurring revenue increased by $12.8 million, or 7.2% year over year, to $190.9 million in the third quarter.
  • Core revenue increased by $16.2 million, or 9.4% year over year, to $189.0 million in the third quarter.

Astronics Corporation Reports 2023 Third Quarter Financial Results

Retrieved on: 
Wednesday, November 8, 2023
Aerospace, Technology, Manufacturing, Other Transport, Air, Transport, Other Manufacturing, Other Defense, Defense, Engineering, Electronic Design Automation, Consolidated, Adjustment, OEM, Air travel, Water, Public expenditure, EBITDA, General aviation, Absorption, GAAP, Eagle Test Systems, Growth, Capital expenditure, Chapter 11, Title 11, United States Code, Astronics Corporation, Capital, Bookkeeping, Payment card, Airline, Cryptocurrency, Video game, Arms industry, Pharmaceutical industry

Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)

Key Points: 
  • Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Consolidated sales were up $31.5 million, or 24.0%.
  • Aerospace Third Quarter 2023 Results (compared with the prior-year period, unless noted otherwise)
    Aerospace segment sales increased $29.9 million, or 26.7%, to $142.1 million.
  • Cash used for operations was $1.1 million in the third quarter of 2023, improving from cash used of $2.0 million in the second quarter.
  • During the teleconference, management will review the financial and operating results for the period and discuss Astronics’ corporate strategy and outlook.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Capstone Green Energy Corporation (CGRN)

Retrieved on: 
Wednesday, November 8, 2023
Suite, Goldman Sachs, News, Court, Bank statement, GPM, One Hundred and Fifth Amendment of the Constitution of India, Capstone, Chapter 11, Title 11, United States Code, Defendant, Failure, Audit committee, Cryptocurrency, Security (finance)

You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.

Key Points: 
  • You can also contact Charles H. Linehan, of GPM at 310-201-9150, Toll-Free at 888-773-9224, or via email at [email protected] to learn more about your rights.
  • If you purchased or otherwise acquired Capstone securities during the Class Period, you may move the Court no later than December 12, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.
  • To be a member of the class action you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the class action.
  • Glancy Prongay & Murray LLP, Los Angeles

CAPSTONE SHAREHOLDER NOTICE: Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses In Capstone To Contact Him Directly To Discuss Their Options

Retrieved on: 
Wednesday, November 8, 2023
Goldman Sachs, OTC, News, Court, GAAP, Advertising, Multimedia, Bank statement, Woman, LLP, Fifth Amendment to the United States Constitution, Chapter 11, Title 11, United States Code, Audit committee, Cryptocurrency, Capstone

NEW YORK, Nov. 8, 2023 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading national securities law firm, is investigating potential claims against Capstone Green Energy Corporation ("Capstone" or the "Company") (NASDAQ: CGRN, OTC: CGRNQ) and reminds investors of the December 12, 2023 deadline to seek the role of lead plaintiff in a federal securities class action that has been filed against the Company.

Key Points: 
  • Faruqi & Faruqi is a leading minority and Woman-owned national securities law firm with offices in New York, Pennsylvania, California, and Georgia.
  • On this news, the Company's stock price fell $0.10, or 17%, to close at $0.50 per share on September 28, 2023.
  • Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.
  • Faruqi & Faruqi, LLP also encourages anyone with information regarding Capstone's conduct to contact the firm, including whistleblowers, former employees, shareholders, and others.

Store Closing Sales Begin at All Soft Surroundings Stores

Retrieved on: 
Tuesday, November 7, 2023
Gordon Brothers, Sale, Collection, Chapter 11, Title 11, United States Code, Department store

Boston, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, began store closing sales at all 43 Soft Surroundings retail store locations throughout the U.S.

Key Points: 
  • Boston, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Gordon Brothers, the global asset experts, began store closing sales at all 43 Soft Surroundings retail store locations throughout the U.S.
    Beginning today, storewide discounts of 20% to 50% off original prices are in effect at all locations.
  • Soft Surroundings filed for Chapter 11 reorganization in September and is closing all retail stores after 24 years in operation to focus on their e-commerce business.
  • Going forward, the entire Soft Surroundings collection will continue to be available online at softsurroundings.com.
  • The store closing discounts will apply at retail stores only and will not be available online.

NYSE to Commence Delisting Proceedings Against WeWork Inc. (WE)

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Finance, Security (finance), NYSE, Bankruptcy, Committee, Bangladesh Securities and Exchange Commission, United States bankruptcy court, NYSE Listed Company Manual, United States Bankruptcy Court for the Southern District of New York, Chapter 11, Title 11, United States Code, Exchange, Cryptocurrency

The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of WeWork Inc. (the “Company”) — ticker symbol WE — from the NYSE.

Key Points: 
  • The New York Stock Exchange LLC (“NYSE” or “Exchange”) announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the Class A common stock of WeWork Inc. (the “Company”) — ticker symbol WE — from the NYSE.
  • Trading in the Company’s Class A common stock will be suspended immediately.
  • The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange.
  • The NYSE will apply to the Securities and Exchange Commission to delist the Company’s Class A common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff’s decision.

WeWork Takes Strategic Action to Significantly Strengthen Balance Sheet and Further Streamline Real Estate Footprint

Retrieved on: 
Tuesday, November 7, 2023
Professional Services, Other Consumer, Consumer, Residential Building & Real Estate, Commercial Building & Real Estate, Finance, Construction & Property, Goodmans, NYSE, PJT Partners, Court, Kirkland & Ellis, LLP, WeWork, Chapter 11, Title 11, United States Code, Companies' Creditors Arrangement Act

WeWork’s locations outside of the U.S. and Canada are not part of this process.

Key Points: 
  • WeWork’s locations outside of the U.S. and Canada are not part of this process.
  • WeWork has a deliberate and value maximizing lease rejection plan that is expected to position the company for operational and financial success.
  • David Tolley, CEO of WeWork said, “It is the WeWork community that makes us successful.
  • WeWork has retained Hilco Real Estate to assist with lease renegotiations.

Mallinckrodt plc (in Examinership) Reports Third Quarter 2023 Financial Results

Retrieved on: 
Tuesday, November 7, 2023
Adjustment, Ratio, FDA, Risk, Security (finance), United States bankruptcy court, Result, Food, Bankruptcy, Conversation, Pressure, SG, EBITDA, GAAP, Nitric oxide, Research, R, Financial condition report, Ajman Specialty General Hospital, Growth, Attention deficit hyperactivity disorder predominantly inattentive, Shanda, Near-term digital radio, Analysis, The Company, Hospital, Public, Chapter 11, Title 11, United States Code, Food and Drug Administration, Patient, ADHD, Dietary supplement, Pharmaceutical industry, Video game, Fine chemical, Cryptocurrency, Medical device, Mallinckrodt, Terlipressin

DUBLIN, Nov. 7, 2023 /PRNewswire/ -- Mallinckrodt plc (in examinership) (OTCMKTS: MNKTQ) ("Mallinckrodt" or the "Company"), a global specialty pharmaceutical company, today reported its financial results for the third quarter ended September 29, 2023.

Key Points: 
  • Mallinckrodt's net sales in the third quarter of 2023 were $497.0 million, as compared to $465.4 million in the third quarter of 2022.
  • The Company recorded a net loss for the third quarter of $1,724.8 million, as compared to $284.9 million in the third quarter of 2022.
  • Adjusted gross profit as a percentage of sales was 66.3% for the third quarter of 2023, as compared to 66.2% for the third quarter of 2022.
  • Please see "Non-GAAP Financial Measures" included in this release for a discussion of non-GAAP measures and reconciliation of GAAP and non-GAAP financial measures for the third quarter.