Joonko Diversity Inc.

  1. August 26, 2024

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

    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 officers of the business who may be implicated in a fraud scheme, for which Joonko's ex-chief executive was recently indicted in federal court.

  2. June 11, 2024

    AI Hiring Platform's Ex-CEO Charged With $27M Fraud

    The founder of hiring startup Joonko Diversity Inc. has been charged with fraud, with prosecutors saying Tuesday that she deceived investors into dumping $27 million into a platform that supposedly used artificial intelligence to help companies recruit diverse job candidates. 

  3. May 20, 2024

    Red Lobster Filing, Giuliani Deal, New Jersey's Rise As Venue

    Seafood restaurant chain Red Lobster filed for bankruptcy in Florida with $294 million in funded debt after a failed "endless shrimp" promotion, Rudy Giuliani and two election workers who sued him for defamation said they were close to a deal to resolve a lawsuit filed in his bankruptcy case, and a top New Jersey judge disclosed the Garden State was the second-busiest bankruptcy venue over the past year.

  4. May 17, 2024

    AI Staffing Co., Payday Lender Lead Week's Mid-Cap Ch. 11s

    Bankruptcy courts saw a flurry of filings this week from mid-cap companies, encompassing everything from old-school grocers to the vanguard of the AI industry.

  5. May 16, 2024

    Joonko Says Ch. 11 Needed To Handle Fraud Liability

    Artificial intelligence-powered employee recruitment venture Joonko told a Delaware bankruptcy court Thursday it hopes to use Chapter 11 to resolve the legal mess left by its ex-CEO's fraud by this fall.

  6. May 15, 2024

    AI Job Recruiter Joonko Blames CEO Fraud For Ch. 11 Filing

    AI-powered employee recruitment venture Joonko Diversity Inc. has filed for Chapter 11 protection in a Delaware bankruptcy court, saying its business had rested almost entirely on fraudulent claims made by its ex-CEO.