iMedia Brands has filed a voluntary petition for Chapter 11 bankruptcy with the District of Delaware courts, according to documents posted by the court. Shares of iMedia are down 28c, or 14% to 16.5c in morning trading.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on IMBI: