March 04, 2025
The litigation trustee appointed under the Chapter 11 plan of cybersecurity firm NS8 Inc. and a class of fired employees seeking a payout related to their terminations have jointly proposed a settlement that would grant the employees $2.1 million.
October 29, 2024
The co-founder and former CEO of NS8 Inc. should return nearly $23 million he was paid by the now-defunct cybersecurity firm and cover $150 million in damages for years of fraud that pushed it into bankruptcy, the litigation trustee for NS8's Chapter 11 estate has told the Delaware bankruptcy court.
June 28, 2024
The litigation trustee in defunct cybersecurity startup NS8's Chapter 11 said co-founder David Hansen must return over $5 million to the bankruptcy estate, alleging in a lawsuit in the Delaware bankruptcy court that Hansen knew about and helped cover up years of fraud by the firm's former CEO that cost investors more than $100 million.
October 19, 2023
Former shareholders of cybersecurity firm NS8 Inc. lost their early win bid in a Chapter 11 clawback suit brought by the company's plan trustee when a Delaware judge ruled Thursday they must return $2.2 million in proceeds from a fraudulent stock buyback.
August 10, 2022
Endo Pharmaceuticals said it is close to filing for bankruptcy over its opioid liability, Revlon shareholders want representation in its Chapter 11 case, and a North Carolina judge said sanctions worked on asbestos claimants in the Bestwall bankruptcy. This is the week in bankruptcy.
August 05, 2022
The trustee appointed to administer the Chapter 11 plan of cybersecurity firm NS8 Inc. asked a Delaware bankruptcy judge late Thursday to order the company's former CEO to produce documents related to a fraud scheme through which he received $17.5 million for worthless stock.
October 29, 2020
Newly bankrupt cyber fraud prevention venture NS8 Inc. won partial court approval Thursday for an up to $10 million debtor-in-possession loan, after a Delaware bankruptcy judge labeled the deal economics "troubling" and rejected a prepayment penalty outright.
October 28, 2020
Las Vegas, Nevada-based cybersecurity and fraud prevention business NS8 Inc. sought Chapter 11 protection in Delaware early Wednesday, saying it fell victim to its own fraud when a top officer allegedly overstated revenues in records used in part to attract $123 million from investors.