Dec 21 Giuliani files for bankruptcy days after being ordered to pay $148 million in defamation case By Michael R. Sisak, Larry Neumeister, Associated Press Rudy Giuliani has filed for bankruptcy, days after being ordered to pay $148 million in a defamation lawsuit. The former New York City mayor listed nearly $153 million in existing or potential debts. Continue reading
Dec 01 LISTEN: Supreme Court hears arguments on legality of Purdue Pharma bankruptcy plan By Mark Sherman, Associated Press The Supreme Court is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids. Continue reading
Nov 03 Retired businessman becomes new president of the Boy Scouts of America as it emerges from scandal-driven bankruptcy By Mark Thiessen, Associated Press Roger Krone, a retired businessman and Eagle Scout, was named Friday as the new chief executive of the 113-year-old youth organization, replacing the retiring Roger Mosby as the top administrator. Continue reading
Oct 20 Judge rules Alex Jones can't use bankruptcy protection to avoid paying Sandy Hook families By Associated Press It's another defeat for Jones in the wake of juries in Texas and Connecticut punishing him over spreading falsehoods about the nation's deadliest school shooting. Continue reading
Oct 16 Watch 3:53 News Wrap: Deadly shooting in Brussels prompts terror alert In our news wrap Monday, Brussels is under its highest level terror alert after two Swedes were killed in what Belgium's prime minister called attacks linked to terrorism, Poland's opposition parties appear to be on the verge of ousting the… Continue watching
Oct 16 Rite Aid files for bankruptcy amid financial losses, opioid-related lawsuits By Tom Murphy, Elaine Kurtenbach, Associated Press The drugstore chain said late Sunday it also has obtained $3.45 billion in fresh financing from some of its lenders. That will help support the company through its voluntary Chapter 11 process. Continue reading
Aug 07 Watch 7:15 Future of freight in question after trucking company Yellow files for bankruptcy By Lisa Desjardins, Courtney Norris, Dorothy Hastings Yellow, one of the nation’s largest freight and trucking companies, announced it is shutting down, leading to one of the largest mass layoffs in recent history and potential shipping cost increases. The company is in bankruptcy just three years after… Continue watching
Apr 29 Judge in New Orleans Roman Catholic bankruptcy recuses himself over church donations By Jim Mustian, Associated Press A federal judge overseeing the New Orleans Roman Catholic bankruptcy recused himself in a late-night reversal that came a week after an AP report showed he made donations to the archdiocese and consistently ruled in favor of the church in… Continue reading
Apr 23 Bed Bath & Beyond files for bankruptcy protection after failing to secure funding By Anne D'Innocenzio, Associated Press Bed Bath & Beyond — one of the original big box retailers known for its seemingly endless offerings of sheets, towels and kitchen gadgets — filed for bankruptcy protection, following years of dismal sales and losses and numerous failed turnaround… Continue reading
Apr 21 Catholic bankruptcy case rulings clouded by judge's donations By Jim Mustian, Associated Press An Associated Press investigation finds a federal judge donated tens of thousands of dollars to New Orleans’ Roman Catholic archdiocese and consistently ruled in favor of the church amid a contentious bankruptcy involving nearly 500 clergy sex abuse victims. Continue reading