Currently viewing the tag: "bankruptcy"

With speculation swirling regarding its future, the Phoenix Coyotes, a National Hockey League (NHL) franchise, have ended up in bankruptcy. For months the team has been battling the league for approval on a proposed sale. Like any seller, Jerry Moyes, the Coyotes’ current owner, wants to sell the team to the highest bidder. [...]

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Less Than a Year After Merger, Sirius XM to Go Bankrupt?

On February 16, 2009 By JETLaw

Almost eleven months after the Department of Justice approved the merger between Sirius and XM, two companies that offered competing subscription services to satellite radio, the newly formed company, Sirius XM, faces the prospect of bankruptcy as early as tomorrow after $175 million in debt matured on Sunday. Even [...]

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