San Francisco's Leap Transit files for bankruptcy

SAN FRANCISCO — The tech-friendly, luxury transit service Leap reportedly filed for bankruptcy in July, with its assets and liabilities both estimated to be between $100,000 and $500,000, the San Francisco Chronicle reported.

In May, California regulators issued a cease-and-desist order to the company for running without permits. The company immediately said in an announcement it would be “offline” for the week, however, the service never returned. In addition to the bankruptcy filings, Leap’s old buses have also been put up for auction. For the full story, click here.