Community Shores Bank seeks .4 million in stock offering
“If Community Shores Bank Corporation were to become insolvent, it could be subject to voluntary or involuntary bankruptcy or similar insolvency proceedings and its business, financial condition and results of operations would be materially and …
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Suppliers begin involuntary bankruptcy petitions against Vista-Pro
Nashville-based auto parts maker Vista-Pro is facing a forced bankruptcy after three suppliers filed a petition for involuntary bankruptcy earlier this month. In October, two Chinese companies — Shanghai Shengming Automotive Parts and Hangzhou Funsota …
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High Court Won't Hear FirstPay Trustee's M Tax Appeal
Creditors filed an involuntary Chapter 7 bankruptcy petition against the company in May 2003, and Wolff, as bankruptcy trustee, sought to turn over the IRS payments. A bankruptcy court refused Wolff's claims, but a district court partly reversed the …
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GEO Lawsuit Alleging Forced Labor of Immigrant Detainees Moves Forward
But Kane found merit in the claim that GEO's approach to the pod-cleaning assignments — do it or get thrown in the hole — may be a violation of the federal Trafficking Victims Protection Act, which prohibits involuntary servitude and coercive methods …
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