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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles see all

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  • Florida accuses former Digital Domain Media officers of fraud

    Florida accuses former Digital Domain Media officers of fraud
    The state of Florida has filed a lawsuit against the former officers of Digital Domain Media, accusing them of defrauding the state and local governments out of $82 million.
  • Parliament House files for Chapter 11 bankruptcy

    Parliament House files for Chapter 11 bankruptcy
    Parliament House, a gay resort and entertainment complex, filed for Chapter 11 bankruptcy on Friday citing $15.5 million in debt. The 4.5-acre complex defaulted on loans during the recession in 2009 and has been locked into a foreclosure and refinancing...

    Stereo D plans expansion into Canada

    Stereo D plans expansion into Canada
    Stereo D, a Burbank visual effects company, plans to move a significant portion of its workforce north of the border. The company, which specializes in the conversion of movies to a 3-D format, told employees this morning that the studio is planning...

    Lumber Liquidators' profit falls on decreased sales

    Lumber Liquidators' profit falls on decreased sales
    Reduced customer traffic and constraints on inventory for Toano-based Lumber Liquidators' stores led to a sales shortfall and an 18.7 percent drop in profit in the second quarter, the company reports. While overall sales increased by 2.3 percent with...

    KidsPeace emerges from bankruptcy

    KidsPeace, the Orefield-based organization that's been treating troubled children for more than a century, emerged from bankruptcy Friday after shedding more than $80 million in pension obligations and millions of dollars in yearly debt. Fourteen months...