Brief

AI Staffing Co. Ch. 11 Releases Are 'Gratuitous,' Investors Say

By Ben Zigterman · August 26, 2024, 4:42 PM EDT

Shareholders of Joonko Diversity Inc., a recruitment firm that uses artificial intelligence, have objected to the company's proposed Chapter 11 liquidation plan, saying the proposal includes releases of claims against directors and...

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Bankruptcy Scorecard

Summary

Joonko, an AI-powered employee recruitment venture, filed for Chapter 11 with plans to wind down and liquidate, saying that it uncovered widespread fraud after its co-founder and former CEO resigned and has no "real" business left.

Case Number

24-bk-11007

Judge

Mary F. Walrath

Venue

U.S. Bankruptcy Court for the District of Delaware

Capital Structure

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Documents

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Case Information

Case Title

Joonko Diversity Inc.

Case Number

1:24-bk-11007

Court

Delaware

Nature of Suit

Date Filed

May 14, 2024

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