NEW YORK - Chicken Soup for the Soul Entertainment, which owns movie rental company Redbox and the streaming service Crackle, has entered bankruptcy on rocky footing, with its lenders moving on Monday to wrest control from the company's chief executive.
HPS quickly fired back in court papers, saying that Rouhana's "gross mismanagement and self-dealing" had driven the company to a $636.6 million net loss in 2023. HPS has little hope of being repaid the $500 million it is owed, and it said that Rouhana's initial bankruptcy court filings were "not only half-baked, but shocking in their lies," according to HPS's court filings.
CSSE's attorney Michael Cooley told Horan that he would speak with HPS and other lenders in an effort to get agreement on initial funding that would be used to pay employees. The company has over 1,000 employees, according to its court filings.Generally, when a single insider buys stock, it is usually not a big deal. However, when several insiders are buying...In this article, we will take a look at the Country That Imports the Most Natural Gas in the World.
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