Jonathan Randles

Stay informed with Jonathan Randles’s coverage and analysis for Fortune.

WASHINGTON, DC – DECEMBER 13: John J. Ray III, CEO of FTX Group, testifies before the House Financial Services Committee during a hearing titled Investigating the Collapse of FTX, Part I in the Rayburn House Office Building at the U.S. Capitol on Tuesday, Dec. 13, 2022 in Washington, DC. The US Securities and Exchange Commission charged disgraced cryptocurrency tycoon Sam Bankman-Fried on Tuesday with defrauding customers of billions of dollars. (Kent Nishimura / Los Angeles Times via Getty Images)

FTX CEO who led ‘model’ bankruptcy is up for $41 million bonus

By Bloomberg, Jonathan Randles, and others

shuttered TGI Fridays

TGI Friday’s is the latest fast-casual dining chain to go bankrupt

By Jonathan Randles and Bloomberg

The exterior of a Jeffries Financial Group building in NYC as a person walks buy.

Ex-Jefferies fund manager faces criminal investigation over alleged Ponzi-like scam

By Jonathan Randles and Bloomberg

MANHATTAN BEACH, CA – The Manhattan Beach, CA headquarters of electric-vehicle maker Fisker Inc., photographed May 17, 2024. It was reported the company was closing the Manhattan Beach headquarters in an effort to hold off bankruptcy. According to the Los Angeles Times, the company plans to move about 300 employees from the 72,000-square-foot offices, to an engineering and distribution facility in the city of La Palma in Orange County, CA. The Fisker Ocean SUV, a competitor to Tesla’s Model Y, was released in 2023 to mixed reviews and then had prices slashed 30% as the company has struggled.(Photo by Jay L. Clendenin/Getty Images)

Tesla rival Fisker files for bankruptcy after layoffs, delisting, and the flop of its glitchy Ocean SUV

By Jonathan Randles, Craig Trudell, and others

Jumbo Tiger Prawn Scampi poached in Butter and Herbs

Seafood supplier denies a role in endless-shrimp brouhaha with Red Lobster

By Jonathan Randles and Bloomberg

a bitcoin is disintegrating

Bankrupt crypto lender Genesis gets OK to return billions in tokens and cash to creditors, meaning parent firm DCG ‘is out of the money’

By Jonathan Randles and Bloomberg

A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023. WeWork Inc. filed for bankruptcy, capping a tumultuous period that saw the once high-flying startup navigate a failed initial public offering, Covid-19 lockdowns, a blank-check merger and slow return-to-office trends. Photographer: Yuki Iwamura/Bloomberg via Getty Images

SPAC companies accounted for at least 21 bankruptcies this year and a staggering $46 billion in lost investor value

By Jonathan Randles, Amelia Pollard, and others

NEW YORK, USA – AUGUST 11: FTX Founder Sam Bankman-Fried arrives in Manhattan Federal Court to appear in court in New York, United States on August 11, 2023. (Photo by Fatih Aktas/Anadolu Agency via Getty Images)

Stanford University will return ‘entirety’ of gifts alleged to total $5.5 million from bankrupt crypto exchange FTX

By Amelia Pollard, Jonathan Randles, and others

Trailers sit in a Yellow Corp. facility lot, which closed after the freight trucking company ceased all operations, in Las Vegas, Nevada, on July 31, 2023. After receiving a loan from the federal government during the Covid-19 pandemic, Yellow is beginning to wind down all operations ahead of an expected bankruptcy filing. (Photo by Patrick T. Fallon / AFP) (Photo by PATRICK T. FALLON/AFP via Getty Images)

Yellow paid executives $4.6 million in bonuses for bankruptcy wind-down as 30,000 employees became jobless

By Jonathan Randles, Amelia Pollard, and others

LAS VEGAS, NEVADA – JUNE 13: Sergei Bobrovsky #72 of the Florida Panthers makes a save against Jonathan Marchessault #81 of the Vegas Golden Knights as Radko Gudas #7 and Gustav Forsling #42 of the Panthers defend in the first period of Game Five of the 2023 NHL Stanley Cup Final at T-Mobile Arena on June 13, 2023 in Las Vegas, Nevada. The Golden Knights defeated the Panthers 9-3 to win the series four games to one. (Photo by Ethan Miller/Getty Images)

Sports broadcasting has been so disrupted that the NHL isn’t sure where games will air: ‘Time is of the essence’

By Jonathan Randles and Bloomberg