"Under the current plan, Takata’s Michigan-based subsidiary plans to seek chapter 11 protection from creditors in the U.S. Sunday evening while the parent company pursues a bankruptcy filing in Japan on Monday, the people said."
Five of the 32 medallions — once valued at $360,000 before the city’s two-tiered regulatory process ushered in the ride-hailing era — were auctioned Wednesday for far less, with prices ranging from $44,000 to $45,000 apiece, officials said.
"The new data . . . said inventory shrink grew to $48.9 billion in 2016 from $45.2 billion the year prior. The increase in losses were found to be largely due to the result of flat or declining retail security budgets."
Why not work directly with Spotify, Apple and others? Good question.
The Bankruptcy and Restructuring Group will now be headed by new Reitler partner Yann Geron, who has three decades of experience in bankruptcy law.