DAILYCALLER (Alexander Pease) - LIV Golf Files For Bankruptcy In US, Two Superstars Owed Millions
CEO: ‘next era’ of LIV loading…
AXIOS (Nathan Bomey) - LIV Golf files for bankruptcy protection
LIV Golf — the Saudi-backed league that upended the sport with a costly splash but failed to identify a viable business model — filed for Chapter 11 bankruptcy protection on Tuesday. Why it matters: It's an ignominious turn of events for a brash organization that lured some of the biggest stars away from the PGA Tour with enormous paydays that proved to be unsustainable. The big picture: LIV represents a high-profile flop for its Saudi investors. - The bankruptcy filing comes after months of efforts to lure new backers and chart a new path for a league that struggled to draw significant TV ratings. Catch up quick: The Public Investment Fund — Saudi Arabia's sovereign wealth fund — confirmed in April that it was withdrawing…
AMERICANALMANAC (Jack Newsome) - Red Lobster revives Endless Shrimp after the promotion helped drive it into bankruptcy
Red Lobster is betting customers will line up again for the all-you-can-eat shrimp deal that helped rack up millions in losses and push the chain into Chapter 11, only this time, the company says it has fixed what went wrong. The seafood chain relaunched its Endless Shrimp promotion on August 17 at participating locations nationwide, […] The post Red Lobster revives Endless Shrimp after the promotion helped drive it into bankruptcy appeared first on American Almanac .
Red Lobster is betting customers will line up again for the all-you-can-eat shrimp deal that helped rack up millions in losses and push the chain into Chapter 11, only this time, the company says it has fixed what went wrong. The seafood chain relaunched its Endless Shrimp promotion on August 17 at participating locations nationwide, barely two years after the deal's financial fallout contributed to dozens of restaurant closures and a bankruptcy filing. The limited-time offer lets diners mix and match five shrimp preparations for one price, eat as much as you want, any way you want it, a pitch that sounds almost identical to the one that nearly sank the company. Red Lobster insists this time is different. The company told Fox News…Open
THENATIONALPULSE (Pulse Wires) - Court Slashes ‘Excessive’ Judgment Against Alex Jones.
A Texas appeals court has ruled that damages awarded against Alex Jones exceeded state statutory limits, significantly reducing the penalty.
A Texas appeals court has ruled that damages awarded against Alex Jones exceeded state statutory limits, significantly reducing the penalty. PULSE POINTS WHAT HAPPENED: A Texas appeals court has reduced a $50 million judgment against Infowars founder Alex Jones to $1.5 million, ruling that the original award exceeded the state’s legal limit on damages. Jones was ordered to compensate Neil Heslin and Scarlett Lewis, whose six-year-old son, Jesse Lewis, was killed in the Sandy Hook Elementary School shooting in 2012. DETAIL: In a unanimous ruling issued on Friday, the Texas Third Court of Appeals said a lower court improperly allowed damages to exceed the state’s $750,000-per-plaintiff cap. The court also found that the evidence…Open
AMERICANALMANAC (Charles McAdams) - Bay Area radio host and wife spent GoFundMe cancer donations on Macy's bills, restaurants, and daughter's legal defense
A longtime San Francisco radio host and his wife raised $135,000 from donors who thought they were helping cover his cancer treatment, but federal reviewers found the couple spent just $17,209 of it on health care while funneling money toward credit cards, restaurants, and their daughter's felony defense. Ronn Owens, a veteran host on KGO […] The post Bay Area radio host and wife spent GoFundMe cancer donations on Macy's bills, restaurants, and daughter's legal defense appeared first on American Almanac .
A longtime San Francisco radio host and his wife raised $135,000 from donors who thought they were helping cover his cancer treatment, but federal reviewers found the couple spent just $17,209 of it on health care while funneling money toward credit cards, restaurants, and their daughter's felony defense. Ronn Owens, a veteran host on KGO AM radio in the Bay Area, and his wife Elizabeth Ann Naylor launched a GoFundMe campaign centered on Owens' health struggles, which included four bouts of cancer and serious heart problems. Donors responded generously, sending the couple $135,000. But attorneys with the U.S. Trustee's Office, the federal watchdog arm that polices bankruptcy proceedings, reviewed 18 months of the couple's bank records and…Open
NPR (Stephan Bisaha) - More Americans are going bankrupt. What does that mean?
The bankruptcy rate has risen about 48% between 2022 and 2025, although it's still below pre-pandemic levels.
AMERICANGREATNESS (Arthur Schaper) - Los Angeles’ School District Went From Morally to Financially Bankrupt
Los Angeles Unified School District is having a hard time paying the bills necessary to teach the kids, so it’s struggling to keep its doors […] Source
NYTIMES (Ivan Penn) - Nuclear Energy Revival Puts Westinghouse in Prime Position
The company, which filed for bankruptcy protection in 2017, stands to benefit from growing support for nuclear power and President Trump’s deal with Saudi Arabia.
ABCNEWS - WATCH: Saks exits bankruptcy with $500M financing and luxury-focused pivot
ABC News' Michelle Franzen and retail analyst Hitha Herzog break down Saks Global's restructuring, including store closures, workforce cuts and a strategic shift toward luxury retail and service.
YOUTUBE (NewsNation) - Camp Mystic bankruptcy a ‘sham,’ victims’ lawyer says
Camp Mystic has filed for Chapter 11 bankruptcy, and a lawyer representing the families of six campers killed in last year's floods has called the filing "a sham." Senior justice reporter Safia Samee Ali breaks down what happens next. More: https://www.newsnationnow.com/us-news/southwest/camp-mystic-bankruptcy-sham-victims-lawyer/