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Investing Playbook

WeWork directors seek to preserve right to sue owner SoftBank

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.

What happens when a business goes bankrupt?

The federal Bankruptcy Code of 1978, the basis of modern bankruptcy law, reflects the Supreme Court's 1934 ruling that bankruptcy law was designed to offer a new opportunity in life' unhampered by debt.