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The clients did a classic bank run, because the company had over $40 billion in assets in 2008. On 25 September 2008, the Office of Thrift Supervision was forced to shut down Washington Mutual , the largest savings and loan in the United States and the sixth-largest overall financial institution, on a Thursday due to a massive run.
Elizabeth Anne Holmes (born February 3, 1984) is an American biotechnology entrepreneur who was convicted of fraud in connection with her blood-testing company, Theranos. [2] The company's valuation soared after it claimed to have revolutionized blood testing by developing methods that needed only very small volumes of blood, such as from a ...
Contaminated hemophilia blood products were a serious public health problem in the late 1970s up to 1985. Hemophilia A causes a deficiency in Factor VIII , a protein required for blood clotting. Factor VIII injections are a common treatment to prevent or stop bleeding in people with hemophilia A. [ 1 ]
One major element in almost every airline bankruptcy is the rejection by the debtor of its current collective bargaining agreements with employees. After satisfying certain requirements, bankruptcy law permits courts to approve the rejection of labor contracts by the debtor-employer. With this tool, airline managers reduce costs.
The articles questioned the company's claim to be able to run a wide range of lab tests from a tiny sample of blood from a finger prick. [4] [5] [6] In May 2018 Bad Blood: Secrets and Lies in a Silicon Valley Startup was published by Knopf. In 2021, Carreyrou released a podcast called "Bad Blood: The Final Chapter" covering the trial of ...
(Reuters) - Amylyx Pharmaceuticals has agreed to buy the rights to bankrupt drugmaker Eiger BioPharmaceuticals' experimental drug for low blood sugar in a $35.1 million deal, Eiger said in a ...
By contrast, a bankruptcy is a legal process, under federal law, to systematically sort out debt obligations under the supervision of a judge. [3] There are no provisions in U.S. bankruptcy law that authorizes a state to declare bankruptcy. [3] The states were borrowing to fund transportation investments as well as raising capital to start new ...
It's difficult to nail down a reliable statistic related to how many lottery winners go bankrupt. Some sources say one-third, while others say up to 70%. However, it's easy to find more than a ...