June 11, 2024
The founder of hiring startup Joonko Diversity Inc. has been charged with fraud, with prosecutors saying Tuesday that she deceived investors into dumping $27 million into a platform that supposedly used artificial intelligence to help companies recruit diverse job candidates.
May 20, 2024
Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.
May 17, 2024
Bankruptcy courts saw a flurry of filings this week from mid-cap companies, encompassing everything from old-school grocers to the vanguard of the AI industry.
May 16, 2024
Artificial intelligence-powered employee recruitment venture Joonko told a Delaware bankruptcy court Thursday it hopes to use Chapter 11 to resolve the legal mess left by its ex-CEO's fraud by this fall.
May 15, 2024
AI-powered employee recruitment venture Joonko Diversity Inc. has filed for Chapter 11 protection in a Delaware bankruptcy court, saying its business had rested almost entirely on fraudulent claims made by its ex-CEO.