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Continuing deterioration in operating performance and intense pricing pressure from competitors were tough pills to swallow for generic pharmaceutical manufacturer Lannett Company, Inc., ultimately leading to its bankruptcy.

CreditRiskMonitor today announced that its Board of Directors has appointed Michael Flum, the Company’s President and Chief Operating Officer, as CreditRiskMonitor’s next Chief Executive Officer. 

Cash-strapped home goods retailer Bed Bath & Beyond is now bankrupt, capping one of the craziest documented descents into Chapter 11 seen by our clients in some time.

Tupperware Brands Corporation is fighting to keep a lid on its fast-growing debt and bankruptcy risk potential. Is a Chapter 11 filing simply a matter of time?

CreditRiskMonitor reported that operating revenues of $18 million, an increase of approximately $1 million or 5%, for the year ended December 31, 2022, as compared to 2021.

Chemical products manufacturer Venator Materials PLC is facing major headwinds in low product demand and high material and energy costs. Could the once-powerful British company be nearing an administration filing?

This Tech Review developed by Spend Matters highlights the AI-powered financial risk analytics solutions that have vaulted CreditRiskMonitor and SupplyChainMonitor towards best-in-class accuracy in predicting bankruptcy, as well as a company roadmap towards future innovation through automation and expanded private company coverage.

Highly leveraged Lucira Health, Inc., maker of at-home COVID-19 and flu tests, went bankrupt after pandemic restrictions universally eased and demand for company wares subsequently plummeted.

Bankruptcy has come for Tuesday Morning Corporation, the once-popular off-price retailer that buckled after lenders put the kibosh on the company’s ability to borrow additional money to finance operations.