Lugano Diamonds & Jewelry has filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware, seeking a buyer after allegations against its founder, Mordechai “Moti” Ferder, of fraudulent diamond sales. The company aims to sell “substantially all of its assets” while securing $12m in debtor-in-possession financing to maintain operations. Interim chief executive Josh Gaynor expressed gratitude for the support from employees and clients, commenting: “As this process is underway . . . we look forward to continuing to provide our valued clients with unique, timeless pieces.” Lugano’s financial troubles stem from lawsuits alleging Ferder misrepresented the company’s finances, with liabilities estimated between $500m and $1bn.
Lugano Diamonds files for bankruptcy
15 responses to “Lugano Diamonds files for bankruptcy”
-
What’s up guys? Trying out medusagamevn. The themes are interesting. Could be a fun time killer. See what you think at medusagamevn
-
Yo, checked out Megaacevn and gotta say, the site’s pretty smooth. Loads fast, games are decent. Definitely worth a look if you’re hunting for something new. Check it out here: megaacevn
-
Been playing on km88ph for a while now. Pretty decent. Solid selection of games. Give it a try. km88ph
-
Roulette’s allure is fascinating – the math is beautiful, even if luck plays a role! Seeing platforms like jiliko com login focus on education is smart; building understanding alongside play seems key for responsible gaming & skill.
-
Interesting analysis! Seeing a lot of Filipino players engaging with online platforms like phparadise app download – quick registration & easy deposits seem key for that market. Solid insights on race form too!
-
Pkwin is where is at. No cap. Check it out if you are looking for a great experience. Don’t hesitate, visit pkwin pkwin
-
Just signed into 789betmpls to place my bets. Feeling good, hoping to score some big wins! Good luck to all the serious betters out there! Find out more 789betmpls.
-
Finally found the official site for BHT Club! bhtclubofficial.net seems legit. Everything works as expected. Give it a look if you’re looking to join! Go to bhtclubofficial
Leave a Reply