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What We re Reading This Week [December 16, 2021] - Insolvency/Bankruptcy/Re-structuring

Local office of Texas trucking company ceases operations

Central Freight Lines to wind down operations

Central Freight Lines to wind down operations
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Central Freight Lines Announces Plan to Wind Down

WACO, Texas, Dec. 13, 2021 (GLOBE NEWSWIRE) Central Freight Lines, Inc., headquartered in Waco, Texas, announced that it is winding down its.

Amazon Gets $2 5M Shipping Stiffing Verdict Thrown Out

ADVERTISEMENT Amazon Gets $2.5M Shipping Stiffing Verdict Thrown Out Law360 (July 7, 2021, 9:36 PM EDT) The Ninth Circuit on Wednesday tossed a $2.47 million verdict leveled against Amazon after the retail giant was accused of failing to pay a shipping company, finding that the Seattle federal judge presiding over the case made a factual decision that should have been left to the jury. In a brief eight-page opinion, a three-judge appeals panel agreed with Amazon Fulfillment Services that the trial court got it wrong when it made the factual determination on a motion for summary judgment that Amazon and Texas-based shipper Central Freight Lines Inc. made an oral agreement to increase their contracted rates. That question.

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