For liquidating a
As for Fitbit, its stock is trading at 52-week lows.
The Information was the first to report the news of Jawbone’s liquidation. Jawbone stopped producing its fitness trackers last year, according to sources familiar with the company. Jawbone sold its remaining inventory to a third-party reseller at a reduced price in order to generate much-needed revenue, sources said.
Waarom zou dat ingewikkelder moeten zijn bij juridische problemen?
A dividend paid to shareholders out of a company's capital or assets, rather than its earned income.
Jawbone, which was once valued as high as billion by private market investors, is the latest pioneer of wearable electronics to throw in the towel.
Last year, Pebble the first maker of a smartwatch sold its assets to Fitbit in a fire sale.
That is, a liquidating dividend occurs when a company pays more than its total profit in dividends.
All debts and other obligations usually must be satisfied before issuance of a final liquidating dividend.Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. The collection of assets belonging to a debtor to be applied to the discharge of his or her outstanding debts.Liquidation maybe voluntary (where the company is solvent but where the purposes for which it was set up have been achieved or no longer exist) or compulsory (usually where the company is insolvent).The function of a liquidator is to convert the assets of the company into cash, which is then distributed among the creditors to pay off (so far as possible) the debts of the company. loss severity fell for most property types, the overall loss severity (including all resolution types) actually increased for multifamily (250 bps), office (170 bps) and hotel properties (1020 bps), while retail (980 bps), healthcare (3680 bps)and other (930 bps)property type loss severity fell in 2005.A type of proceeding pursuant to federal Bankruptcy law by which certain property of a debtor is taken into custody by a trustee to be sold, the proceeds to be distributed to the debtor's creditors in satisfaction of their claims.