Tag: Corporate bankruptcy
Founders of California fecal matter-testing company indicted
SAN FRANCISCO (AP) — Two Silicon Valley entrepreneurs who founded a biotech company that tested fecal matter are accused of bilking their investors and...
Texas company behind huge electricity bills seeks bankruptcy
The company that drew attention after sending huge electricity bills to customers after last month’s blackout-causing winter storm in Texas has filed for bankruptcy...
Alamo Drafthouse Cinemas files for bankruptcy, seeks buyer
AUSTIN, Texas (AP) — Alamo Drafthouse Cinemas Holdings, a Texas-based dine-in theater chain, said Wednesday that it has filed for bankruptcy and will enter...
Hertz eyes bankruptcy exit through $4.2 billion stake sale
In a deal to jettison itself from under bankruptcy protection, Hertz said Tuesday that it may sell a controlling stake in the company to...
Texas power company seeks bankruptcy protection after storm
The largest and oldest power cooperative in Texas is filing for bankruptcy protection, citing last month’s winter storm that left millions without power, and...
Texas top utility regulator quits in fallout over blackouts
AUSTIN, Texas (AP) — Texas' top utilities regulator resigned Monday in the widening fallout from blackouts triggered by an unusually heavy and widespread winter...
Bankruptcy judge refuses to halt Weinstein Co. plan
WILMINGTON, Del. (AP) — The Delaware judge presiding over the Weinstein Co. bankruptcy has rejected a request by four women who have accused disgraced...
Attorneys challenge Weinstein Co. bankruptcy plan approval
DOVER, Del. (AP) — Four women who have accused disgraced film mogul Harvey Weinstein of sexual misconduct are appealing a Delaware judge’s approval of...
Hungarian cafe mulls civil disobedience to avoid bankruptcy
BUDAPEST, Hungary (AP) — The owners of a family-run cafe in a leafy district of Hungary's capital had planned to engage in a bold...
Troubled Chinese conglomerate missing up to $15 billion
BEIJING (AP) — Companies that are part of HNA Group, a Chinese conglomerate that says creditors want it declared bankrupt after a global acquisition...
China’s HNA Group says creditors want it declared bankrupt
BEIJING (AP) — HNA Group, a debt-burdened Chinese airline operator that faced opposition in Washington to its attempt to buy a Wall Street hedge...
Judge OKs Weinstein bankruptcy plan with $17M for victims
DOVER, Del. (AP) — A Delaware judge has approved a revised Weinstein Co. bankruptcy plan that provides about $35 million for creditors, with roughly...
NRA declares bankruptcy, plans to incorporate in Texas
AUSTIN, Texas (AP) — The National Rifle Association announced Friday it has filed for bankruptcy protection and will seek to incorporate the nation’s most...
Holiday sales tick up as shoppers invest in their homes
NEW YORK (AP) — Retail sales increased a modest 3% during a longer holiday season this year, as homebound shoppers spent more on furnishing...
Dutch government pledges new support to virus-hit businesses
THE HAGUE, Netherlands (AP) — The Dutch government on Wednesday beefed up its financial support by 3.7 billion euros ($4.5 billion) for businesses slammed...
In dark day for UK retailing, 242-year-old Debenhams to shut
LONDON (AP) — The future of around 25,000 retailing jobs in Britain hangs in the balance after the failure of two long-established companies laid...
Philip Green’s retail empire Arcadia calls in administrators
LONDON (AP) — Arcadia Group, the sprawling British retail empire that includes Topshop and has been run by billionaire Philip Green since 2002, was...
Virus keeps Black Friday crowds thin, shoppers shift online
NEW YORK (AP) — The raging coronavirus pandemic kept crowds thin at malls and stores across the country on Black Friday, but a surge...
Money promised to combat US overdose crisis sits unused
When it filed for bankruptcy last year, Purdue Pharma agreed to an innovative plan: It would make $200 million available immediately to help those...
Left for dead, twice, RadioShack gets another shot online
SILVER SPRING, Md. (AP) — RadioShack, a fixture at the mall for decades, has been pulled from brink of death, again.
...
OxyContin maker Purdue Pharma pleads guilty in criminal case
Purdue Pharma pleaded guilty Tuesday to three criminal charges, formally taking responsibility for its part in an opioid epidemic that has contributed to hundreds...
Northern California utility finds latest CEO in Michigan
SAN RAMON, Calif. (AP) — Embattled Northern California utility PG&E Corp. has lured away the top executive at Michigan's largest power provider to steer...
Bankruptcy judge OKs federal settlement with Purdue Pharma
Proposed settlements between the federal government and OxyContin maker Purdue Pharma and its owners cleared a major legal hurdle Tuesday when a bankruptcy judge...
Restructured airline to return Alaska passengers to the air
ANCHORAGE, Alaska (AP) — An Alaska airline forced to file for bankruptcy because of a severe drop in business following the coronavirus outbreak is...
U.S. bankruptcy court approves sale of J.C. Penney
NEW YORK (AP) — J.C. Penney is on course to emerge from bankruptcy by Thanksgiving, after a U.S. bankruptcy court approved the sale of...
Weinstein Co. bankruptcy plan headed to a vote by accusers
DOVER, Del. (AP) — The judge presiding over the Weinstein Co. bankruptcy has overruled objections to a disclosure statement outlining a revised plan providing...
Crushed by the virus, 2 mall operators file for bankruptcy
NEW YORK (AP) — Two mall operators filed for bankruptcy protection Monday, hurt by the coronavirus pandemic that has forced their tenants to permanently...
Another restaurant chain, Friendly’s, hits wall in pandemic
WILBRAHAM, Mass. (AP) — Friendly's Restaurants, the 85-year-old East Coast dining chain known for its Fribble milkshakes and ice cream sundaes, is filing for...
OxyContin maker Purdue Pharma to plead to 3 criminal charges
WASHINGTON (AP) — Drugmaker Purdue Pharma, the company behind the powerful prescription painkiller OxyContin that experts say helped touch off an opioid epidemic, will...
JC Penney sees bankruptcy protection exit by Christmas
NEW YORK (AP) — J.C. Penney believes it will emerge from bankruptcy protection before Christmas under a new ownership agreement that would save tens...
Mallinckrodt, ensnared in opioid crisis, seeks Chapter 11
A New Jersey drugmaker ensnared in the fallout from America's opioid crisis is seeking bankruptcy protection.
...
New chairman to lead board overseeing Puerto Rico’s finances
SAN JUAN, Puerto Rico (AP) — A bankruptcy and corporate law professor will be the new chairman of a federal control board that oversees...
Suburban NY diocese files for bankruptcy amid abuse lawsuits
A Roman Catholic diocese in New York City's suburbs Thursday became the largest in the U.S. to declare bankruptcy, seeking relief from a torrent...
Ethics experts see national security concern in Trump’s debt
WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow that ethics...
Ethics experts see national security concern in Trump’s debt
WASHINGTON (AP) — Revelations that President Donald Trump is personally liable for more than $400 million in debt are casting a shadow over his...
NY Sports Club latest chain to seek bankruptcy protection
The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in man parts of...
Thai court allows Thai Airways to file for reorganization
BANGKOK (AP) — Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan...
Bargain chain Century 21 to shut down after nearly 60 years
NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and...
Mall owners close to buying JC Penney out of bankruptcy
NEW YORK (AP) — Mall owners Simon Property Group and Brookfield Property Partners are close to a deal to buy department store chain J.C....
Attorneys argue over ads targeting Boy Scouts abuse victims
DOVER, Del. (AP) —...
After nearly 200 years, Lord & Taylor goes out of business
NEW YORK (AP) —...
FirstEnergy had big stake in tainted nuclear plant bailout
CLEVELAND (AP) — FirstEnergy...
Companies fight over control of Mexican radio stations
MEXICO CITY (AP) —...
Nordstrom’s 2Q sales down 53% hurt by pandemic fallout
NEW YORK (AP) —...
Weinstein seeks to pursue arbitration over firing
DOVER, Del. (AP) —...
Target sales surge as Americans lean on big box stores
NEW YORK (AP) —...
Sandy Hook families: Gun maker trying to wipe out lawsuit
HARTFORD, Conn. (AP) —...
300 Pizza Huts, mostly dine-in locations, to close
Up to 300 Pizza...
US retail sales rise for 3rd month but slowdown expected
WASHINGTON (AP) — Americans...
Bankrupt Alaska airline seeks bonus for its chief executive
ANCHORAGE, Alaska (AP) —...
German investigators appeal for help finding tech executive
BERLIN (AP) — German...
Stein Mart files for bankruptcy; to close nearly 300 stores
ST. PETERSBURG, Fla. (AP)...
Virgin Atlantic airline files for US bankruptcy protection
NEW YORK (AP) —...
Retail rout gains pace, Lord & Taylor seeks bankruptcy
NEW YORK (AP) —...
Judge: Purdue Pharma must halt some political contributions
A federal bankruptcy judge...
Ann Taylor owner files for Chapter 11 bankruptcy
NEW YORK (AP) —...
2 more ex-Wirecard managers arrested, ex-CEO back in custody
BERLIN (AP) — Two...
California Resources Corp files for Chapter 11 protection
SANTA CLARITA, Calif. (AP)...
Judge denies media request to unseal files on Saints owner
A judge has denied...
Strong demand for virus testing services; snacking surges
The outbreak of the...
Lawyers seek to halt Purdue Pharma political contributions
OxyContin maker Purdue Pharma...
Retail bankruptcy filings keep coming, coffee habits change
The outbreak of the...
Brooks Brothers, worn by Lincoln and Kennedy, goes bankrupt
NEW YORK (AP) —...
Second executive arrested in Wirecard scandal in Germany
FRANKFURT, Germany (AP) —...
Lucky Brand files for bankruptcy, has offer to sell company
LOS ANGELES (AP) —...
Wirecard headquarters raided in probe of accounting scandal
BERLIN (AP) — Investigators...
Mexico’s legacy airline Aeromexico files for bankruptcy
MEXICO CITY (AP) —...
Pandemic takes a bite, Chuck E. Cheese files for bankruptcy
Chuck E. Cheese -...
GNC files for Ch. 11 bankruptcy protection, Ugg in demand
The outbreak of the...