Former Phones 4U directors could soon face legal probe into their conduct led by a leading US legal firm. The mobile retailer’s administrator, PricewaterhouseCoopers (PwC), appointed Quinn Emanuel Urquhart & Sullivan late…
Tag: Bankruptcy
GTAT to shut down Arizona facility; 890 jobs to get affected
GT Advanced Technologies (GTAT), Apple’s sapphire screen supplier for mobile devices, has announced it will shut down its sapphire manufacturing facility in Arizona, resulting in a loss of 890 jobs. Last week,…
Bitcoin exchange Mt Gox mulls liquidation
Mt Gox, once the biggest Bitcoin exchange, said on Wednesday that it is most likely to be liquidated, following the denial of bankruptcy protection by a Tokyo court. Earlier this year, the…
Mt Gox call center to answer customers’ queries
Bitcoin exchange Mt Gox announced that it has set up a hotline in Japan, that will go live on March 3, and will be active from 10am to 5pm (Japan time), Monday…
Blockbuster UK may be breathing its last as 62 more stores close down
Just like its US counterpart, Blockbuster UK might be on its way towards closure as administrators have closed an additional 62 stores across UK laying off 427 employees. Moorfields Corporate Recovery, the…
OCZ files for bankruptcy; Toshiba interested in buying assets
The roller coaster journey of the solid state disk maker company, OCZ Technology Group, is finally coming to an end after the company issued a statement revealing that it is filing for…