Similar Stories to Redbox Owner To Be Liquidated Following Alleged Mismanagement on Bing News

Jonathan Randles, Chicago Tribune: Business
Thu, 07/11/2024 - 12:02pm

The bankrupt owner of Redbox Entertainment Inc. will be liquidated, a judge ruled Wednesday, after lawyers for the company and lenders accused its former chief executive officer of mismanaging the business and failing to pay workers or fund their health benefits. Judge Thomas Horan said during a Delaware court hearing that Oakbrook Terrace-based Redbox’s publicly traded owner, Chicken Soup for the Soul Entertainment Inc., will be shut down by an independent trustee after an earlier effort by the company to borrow fresh funds to pay employees failed.

Topics: redbox entertainment inc judge thomas horan oakbrook terrace-based redbox s alleged mcdonald s dvd ceo william rouhana managers lender hps investment partners chicken soup ceo soul llc chicken soup s richard pachulski pachulski i ve us bankruptcy court district i redbox horan delaware redbox chicken soup soul entertainment soul entertainment inc chapter june i rouhana hps owner liquidated mismanagement company business pay employees accused deal lenders workers cover benefits kiosks health work lawyer mismanaging ruled trustee wednesday fund failing filed lawyers hearing employee time restructure million rental money acquired unit

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BING NEWS:

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Similar Stories to Redbox Owner To Be Liquidated Following Alleged Mismanagement on Bing News

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