WeWork Creditors Demand Company Negotiate with Potential Buyers [Yahoo! Finance]
SOFTBANK GRP UNSP/ADR (SFTBY)
NASDAQ:AMEX Investor Relations:
softbank.jp/en/corp/irinfo/presentations
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Source: Yahoo! Finance
as given a 30-day deadline to come up with a plan to exit bankruptcy, a panel of lower-ranking creditors said in a court filing. Most Read from Bloomberg Trump Has Only $6.8 Million for Legal Fees With Trial Underway TikTok to Remove Executive Tasked With Fending Off US Claims China Is Front and Center of Gold's Record-Breaking Rally Tesla Spends Weekend Cutting Prices of Cars and FSD Software US Dollar's Extended Reign Delivers Stark Wake-Up Call for Markets Squabbling among company managers, senior lenders and longtime backer SoftBank Group Corp. has stalled the revitalization of WeWork and its various units, lawyers for an official committee of unsecured creditors told the judge overseeing the company's Chapter 11 bankruptcy. WeWork's reorganization has “stagnated while their liquidity continues to shrink,” because the company has missed nearly all the deadlines laid out in a tentative restructuring deal with lenders and SoftBank, they said in the filing. “Worse a
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