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Tag: Chapter 11

A pedestrian walks by the Neiman Marcus Group Ltd. store at Hudson Yards in New York, U.S., on Thursday, June 6, 2019. The turnover in Manhattan's shopping scene underscores the extent of the duress that the retail industry is going through in the age of Amazon. At the same time, it highlights the enduring lure of Manhattan, the nation's most prestigious place to sell fashion and luxury goods. Photographer: John Taggart/Bloomberg via Getty Images

Neiman Marcus becomes 2nd major retailer to seek Chapter 11

NEW YORK (AP) — Neiman Marcus has filed for Chapter 11 bankruptcy protection, the first department store chain and second major retailer to be toppled by the coronavirus pandemic. The move by the 112-year-old storied luxury department store chain was announced Thursday and follows the bankruptcy filing by J.Crew on Monday. Experts […]

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Jury orders Utah movie-filtering company to pay $62 million

Jury orders Utah movie-filtering company to pay $62 million

SALT LAKE CITY (AP) — A Utah-based movie-filtering company has been ordered to pay more than $62 million to Disney and other Hollywood studios. A California jury decided the damages Monday against the company VidAngel, which had ripped the movies from DVDs and then streamed them for $1 per view […]

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