article thumbnail

WeWork’s Bankruptcy Battle Takes New Turn with Legal Action Against SoftBank

Allwork

According to a report published by The Wall Street Journal , the struggling coworking giant’s junior creditors committee is seeking court approval to sue SoftBank, WeWork’s largest shareholder, amidst allegations of financial maneuvering ahead of WeWork’s bankruptcy filing. billion in new secured debt.

Legal 245
article thumbnail

Elon Musk Files To Back Out Of Twitter Deal, Leading To A Legal Showdown

Allwork

Just days ago, Elon Musk made a move that likely did not come as a shock to anyone: he filed to back out of his Twitter acquisition deal. . While his attempt to cancel the deal is expected to rev up legal drama between the social media platform and the billionaire, Twitter employees are feeling defeated. . pic.twitter.com/JcLMee61wj.

Legal 245
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

SoftBank Faces Legal Heat as WeWork’s Creditors Seek Recovery Amid Bankruptcy Fears

Allwork

Big markets for coworking spaces are becoming increasingly competitive for workspace providers — with WeWork’s recent financial challenges creating opportunities for rivals to expand their presence. According to a report published by CoStar , WeWork recently filed court documents revealing a substantial loss of $153.7

Legal 239
article thumbnail

Lawsuit Filed Against Open AI Amidst Privacy Concerns

Allwork

The lawsuits, filed by Clarkson Law Firm , do not name specific plaintiffs but represent over a dozen individuals. This is causing the specialized industry to be faced with mounting legal challenges. The post Lawsuit Filed Against Open AI Amidst Privacy Concerns appeared first on Allwork.Space. and Europe.

Filing 264
article thumbnail

Union Takes Legal Action to Avert US Debt Crisis

Allwork

The post Union Takes Legal Action to Avert US Debt Crisis appeared first on Allwork.Space. What’s going on: The U.S. federal government is approaching a looming default crisis. This would hinder the quality of government services in the long run.

Legal 239
article thumbnail

Simplify Your Filing System and Retire Your To-File Pile

All Things Admin

When was the last time you made an effort to catch up on your filing? Many times, we struggle with filing because it feels overwhelming, we’re not sure where to begin, or we don’t have an easy system in place. Filing can be inconvenient and time consuming. But there are ways to simplify your filing system. Last month?

Filing 130
article thumbnail

Employee personnel files — what should and shouldn’t be included

BMT Office Administration

Setting up employee personnel files is an important part of the recordkeeping process. However, sometimes people mistakenly think of these files as a catch-all for an individual’s paperwork. Rather, understand that general personnel files serve a distinct purpose. What to include in an employee’s personnel file.

Filing 121