Federal Court
| Use attributes for filter ! | |
| Locations | Ottawa |
|---|---|
| Ontario | |
| Established | 2003 |
| Founded | July 2 |
| 2003 | |
| Currently | Paul S. Crampton |
| Number of positions | 32 |
| Date of Reg. | |
| Date of Upd. | |
| ID | 2221937 |
About Federal Court
The Federal Court is a Canadian trial court that hears cases arising under certain areas of federal law. The Federal Court is a lower court with nationwide jurisdiction.
Virginia mother of child who shot teacher sentenced to 21 months in prison
... In June, she negotiated a guilty plea in a Federal Court in Newport News, a military shipbuilding city...
Co-working giant WeWork files for bankruptcy in the US
... 5bn), according to a bankruptcy filing in the New Jersey Federal Court...
FTX: 'Crypto King' admits people got hurt as he speaks out in trial
... " Mr Bankman-Fried told the Manhattan Federal Court he made " a number of small mistakes and a number of larger mistakes" while running the now-bankrupt exchange...
Air Canada sued over $20m gold and cash heist
... In the lawsuit, filed in the Federal Court of Canada on 6 October, Brink s said it was hired by a bank and a precious metal company to coordinate the shipment of the goods...
Trump seeks to dismiss election interference charges
...By Mike WendlingBBC NewsEx-President Donald Trump has asked a Federal Court to dismiss the election interference case against him, arguing his role entitled him to " absolute immunity"...
Regulator sues Musk to force testimony in X probe
... The Securities and Exchange Commission (SEC) asked a Federal Court to order him to comply with their request that he sit for a third session of testimony about the deal...
Bob Menendez steps down as US Senate foreign relations chairman after indictment
... Mr Menendez, his wife and their three co-defendants are scheduled to appear in Manhattan Federal Court on 27 September...
Game of Thrones author sues ChatGPT owner OpenAI
... The case has been brought to the Federal Court in Manhattan, New York, by the Authors Guild, a trade group in the US working on behalf of the named authors...
Co-working giant WeWork files for bankruptcy in the US
By Annabelle Liang and Natalie ShermanBusiness reporters
WeWork has filed for bankruptcy in the US, a move that follows years of struggle for the co-working company.
The Firm reported liabilities of $10bn to $50bn (£40. 5bn), according to a bankruptcy filing in the New Jersey Federal Court .
The filing gives WeWork legal protection from its creditors and more tools for negotiations with landlords.
WeWork, known for renting on flexible terms to start-ups and freelancers, was once seen as The Future of The Office .
But it relied on rapid growth to mask its steep costs.
" WeWork Inc. and certain of its entities filed for protection under Chapter 11 of the US Bankruptcy Code, and intend to file recognition proceedings in Canada, " .
WeWork chief executive David Tolley said he was " deeply grateful for the support of our financial stakeholders as we work together to strengthen our capital structure and expedite this process through the restructuring support agreement"
" We remain committed to investing in our products, services, and world-class team of employees to support our community, " he added.
Demand for co-sharing Office Spaces by WeWork was hit after a disastrous 2019 effort to raise money in a public listing hurt its reputation and led to the ousting of its co-founder Adam Neumann .
That was swiftly followed by pandemic which led to many office closures around The World , with people having to work from home.
In The First half of this year, WeWork lost More Than $1bn, weighed down by the expense of operating its offices, as well as other costs.
The Company has been scrambling to sell off parts of its business and pushing to shut locations or renegotiate the terms of long-term leases and debts.
Last month, as those discussions intensified, WeWork told investors it was not making payments on its loans.
Founded in 2010, WeWork claimed in June this year to have More Than 700 locations around The World and about 730,000 members.
Investors privately valued The Firm at some $47bn at its height in early 2019.
Related TopicsSource of news: bbc.com
