Tag: Chapter 11 bankruptcy

August 14, 2024 BY Robert Bell

Avon Files for Bankruptcy Amid Cancer Lawsuits

API owns the Avon beauty brand in Europe and Latin America and is a subsidiary of the Brazilian company Natura. The North American operations are run by the South Korean company LG Household & Health Care, which isn’t involved in the current bankruptcy proceedings. API is said to have over $1bn in debt and has…

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June 13, 2024 BY Elizabeth Anderson

SEC Charges Joonko CEO And Founder With Fraud

Joonko, a New York City artificial intelligence (AI) startup, operated an AI-driven job board to promote diverse and inclusive employee hires. Based on a June 2023 New York Post report, Raz resigned after an internal company investigation found that she had “engaged in egregious, unethical and fraudulent conduct, which caused harm to the company and…

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