Jillian Bloom – On March 23, 23andMe announced that it had initiated Chapter 11 bankruptcy proceedings and proposed a court-supervised auction scheduled for May 14. As these proceedings unfold and test the efficacy of today’s fragmented data privacy protections, customers are reminded of the troubling truth: the fate of their genetic data ultimately lies in […]
Natalia Garcia Baerga – Throughout history, monitoring bankruptcies has been an effective way of understanding the current economic status and business cycle. However, it seems this relationship between bankruptcies, macro-economic conditions, and the business cycle has changed during the COVID-19 crisis. Specifically, contrary to the media’s portrayal of small businesses struggling throughout the pandemic bankruptcy […]
Wyatt Rose-J.C. Penney, the 118-year-old infamous clothing behemoth, is one of the latest retail companies to fall victim to the newer and cheaper e-commerce revolution. As a result of its struggles against e-commerce powerhouses like Amazon and Walmart—coupled with COVID-19 woes—J.C. Penney filed for Chapter 11 bankruptcy in May of this year. However, in a […]
Mauricio Perlaza – WorldCom, Enron, and the Madoff Ponzi Scheme: aside from the obvious fraud, what do these financial fiascos have in common? In each case, a court-appointed fiduciary was tasked with overseeing the remedial measures ordered by a presiding court. However, while the bankruptcy trustee in Enron and the receiver over Madoff set important […]
