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Shuttered Arkansas carrier files Chapter 7 bankruptcy RCX was unable to recover from $23 million ‘nuclear verdict’ Arkansas-based RCX Solutions files for bankruptcy protection. Photo: Jim Allen/FreightWaves An Arkansas-based trucking company, forced to cease operations nearly a year ago after it was unable to climb out of debt following a five-year legal battle over a $23 million nuclear verdict, filed for Chapter 7 liquidation Monday. In March 2020, RCX Solutions Inc. of Little Rock announced it was closing its doors after its bank refused to extend the carrier’s line of credi...

Mingtiandi Username Cromwell CEO Paul Weightman didn’t do well in his fight with the company’s largest shareholder ARA Asset Management moved a step closer to control of Cromwell Property Group, after the Australian property investment firm announced that its chief executive would be stepping down at year-end. Paul Weightman, who co-founded the A$8 billion ($6 billion) investment management firm in 1998, had been leading an unsuccessful fight against board representation for ARA, which is Cromwell’s largest investor. The Singapore firm had gained board representation in September before...