17 h. ago
Hudson's Bay restructuring meeting interrupted by the most embarrassing thing
A court hearing over Hudson’s Bay's last-ditch restructuring plans quickly ended up getting NSFW.As reported by The Star, the public Zoom call for the Wednesday hearing was interrupted within the first hour by multiple windows containing pornographic videos.It took about 15 seconds for the videos to be removed. Ontario Superior Court Justice Peter Osborne then ordered the Zoom link to be closed off to anyone who wasn’t one of the parties involved with the proceeding. It’s unclear who started the porn playback.Even without the porn videos, though, Hudson’s Bay has been in a really sticky situation. Earlier this month, the company began liquidating all but six of its stores after filing for creditor protection over being nearly $1 billion in debt.The company is proposing a restructuring plan that keeps the six remaining stores thanks to senior secured lenders Bank of America, Pathlight Capital and Restore Capital. However, Hudson's ...
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