Dec 13 USA Gymnastics, USOPC reach $380 million settlement with victims of sexual abuse By Will Graves, Associated Press Rachael Denhollander, the first woman to detail sexual abuse at the hands of former USA team doctor Larry Nassar, says the lawsuit wasn't about the money but the hope of effecting change within the organization. Continue reading
Sep 30 Watch 5:03 Exploring Evergrande’s financial failures and why China’s government is stepping in By Nick Schifrin "Too big to fail" was a phrase used during the global financial crisis for large companies so over-extended that their collapse could cripple global finance. China is now trying to take a too-big company with too much debt, and manage… Continue watching
Aug 19 Boy Scouts get conditional approval of $850 million bankruptcy deal By Randall Chase, Associated Press A Delaware judge has ruled that the Boy Scouts of American can enter into a pivotal $850 million agreement that the organization hopes to use as a springboard to emerging from bankruptcy later this year, but rejected two key provisions… Continue reading
Aug 12 Judge set to begin key hearing in Boy Scouts bankruptcy case By Randall Chase, Associated Press The Boy Scouts of America is asking a Delaware bankruptcy judge to approve an $850 million agreement that is key to the group's proposed reorganization plan. Continue reading
Jul 02 Boy Scouts of America reaches $850 million agreement with victims By Randall Chase, Associated Press The Boy Scouts of America have reached an $850 million agreement with attorneys representing some 60,000 victims of child sex abuse in what could prove to be a pivotal moment in the organization's bankruptcy case. Continue reading
May 04 Watch 6:14 Is the NRA’s bankruptcy filing just a way to escape regulation? By Stephanie Sy, David Coles, Harry Zahn The surge of high-profile mass shootings in the U.S. are increasing calls for stronger action on gun violence, access to weapons and its limitations. When discussing gun control, people often point to the long reach and influence of the NRA,… Continue watching
Jan 15 NRA declares bankruptcy, plans to incorporate in Texas By Paul Weber, Associated Press The announcement Friday comes months after New York's attorney general sued the NRA over claims that top executives illegally diverted tens of millions of dollars for lavish personal trips. Continue reading
Nov 10 U.S. bankruptcy court approves sale of J.C. Penney By Anne D'Innocenzio, Associated Press A U.S. bankruptcy court approved the sale of the ailing 118-year-old retailer to its two largest landlords and its primary lenders. Continue reading
Aug 21 Weinstein seeks to pursue arbitration over firing By Randall Chase, Associated Press The Weinstein Co. sought bankruptcy protection in 2018 amid a sexual misconduct scandal that triggered a nationwide movement to address predatory sexual behavior and harassment. A New York jury convicted Weinstein in February of rape and sexual assault. Continue reading
Jul 30 Analysis: Cities hit hard by the COVID-19 pandemic face bankruptcy By Mark Davidson, Kevin Ward, The Conversation With sales tax revenues plummeting because of the pandemic, many cities will face bankruptcy – and that could affect everything from retirees' pensions to whether roads get fixed. Continue reading