Tag: Bankruptcy

uBiome Founders Charged With Fraud

SAN FRANCISCO—Federal prosecutors charged Zachary Apte and Jessica Richman for defrauding investors by lying about their company’s ability to expand clinical tests to monitor...

Alamo Drafthouse Files For Bankruptcy

SAN FRANCISCO—The Alamo Drafthouse theater chain is in jeopardy due to the financial strain as a result of the Coronavirus pandemic. On Wednesday, March...

Muji Closes All Stores in Bay Area

CALIFORNIA—On July 31, Muji, a Japanese retailer, closed all eight shops in California, including three Bay Area locations. The shuttered stores include San Francisco’s...

PG&E Gets The Green Light To Exit Bankruptcy

SAN FRANCISCO—After months of financial and legal maneuvering, the Pacific Gas and Electric Company (PG&E) received approval for its bankruptcy exit plan from the...

24 Hour Fitness Files For Bankruptcy And Closes 130 Locations

SAN FRANCISCO—24 Hour Fitness filed for Chapter 11 bankruptcy today, June 15, and has further announced the closure of 130 locations nationwide, including four...

SF Officials Object To The Legality Of PG&E’s Proposed Bankruptcy Plan

SAN FRANCISCO—On Friday, June 12, San Francisco City Attorney Dennis Herrera announced that the city has brought forward a legal objection to the funding...

PG&E Pulls Together $11 Billion In Debt Financing, Looking To Exit...

SAN FRANCISCO—On Friday, June 5, it was announced that the Pacific Gas and Electric Company (PG&E), California’s largest utility corporation headquartered in San Francisco,...

From Riches To Rags!

HOLLYWOOD—We all think that the lives of the rich and famous seem so glamorous, but even celebrities suffer with money-management problems. Despite many rags-to-riches...

RadioShack To Close Bay Area Stores

SAN FRANCISCO—U.S. electronics chain RadioShack Corp announced on Monday, March 13 that 11 stores are set to close in the Bay Area, including the...