Several of WeWork's landlords decried the company's "hardball tactics", saying that U.S. bankruptcy law requires companies to keep up with rent for properties that they continue to use.
Wework Bankruptcy: Several of WeWork s landlords decried the company s "hardball tactics", saying that U.S. bankruptcy law requires companies to keep up with rent for properties that they continue to use.
WeWork Bankruptcy: U.S. Bankruptcy Judge John Sherwood, who is overseeing the SoftBank backed company s Chapter 11 proceedings, approved the compromise during a court hearing in Newark, New Jersey.
WeWork Strikes New Agreement at NYC Office Tower in Quest for Viability bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
WeWork has resolved
landlords objections to its bankruptcy financing agreement,
saying on Monday that it had agreed to reserve a portion of any
future loans in an account that will be used for rent.