Latest Corporate bankruptcy News

Historic St. Paul building transforms itself during pandemic

Jun. 12, 2021 01:07 AM EDT

ST. PAUL, Minn. (AP) — Built over a century ago as headquarters for James J. Hill’s two railroad enterprises and First National Bank, a mammoth Lowertown building is getting new life as an office for government agencies and their clients. The 14-story, block-length...

Jewelry maker Alex and Ani files for bankruptcy protection

Jun. 10, 2021 16:20 PM EDT

PROVIDENCE, R.I. (AP) — Rhode Island jewelry maker Alex and Ani has filed for Chapter 11 bankruptcy protection, saying in the filing it has between $100 million and $500 million in debts. The company lists assets in a similar range, according to Wednesday's filing. ...

Hertz on track to exit bankruptcy protection this month

Jun. 10, 2021 16:12 PM EDT

Hertz will likely emerge from Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court confirmed the reorganization plan for the beleaguered car rental company. Hertz Global Holdings Inc., which filed for bankruptcy protection in May 2020, said...

AP Interview: State AG pushes accountability in opioid cases

Jun. 07, 2021 11:40 AM EDT

Massachusetts Attorney General Maura Healey has been a leader in the legal push to hold companies and individuals accountable for the U.S. opioid addiction and overdose epidemic, which has been linked to nearly 500,000 deaths over the last two decades. Healey was the...

West Virginia gov: Bank deceived family for loan guarantee

Jun. 04, 2021 19:30 PM EDT

CHARLESTON, W.Va. (AP) — In a new court filing, West Virginia Gov. Jim Justice blamed a bankrupt U.K. bank for fraudulently inducing him into personally guaranteeing $700 million in loans that were taken out by his companies. In the amended complaint filed Friday,...

Today in History

Jun. 01, 2021 00:24 AM EDT

Today in History Today is Tuesday, June 1, the 152nd day of 2021. There are 213 days left in the year. Today’s Highlight in History: On June 1, 2009, General Motors filed for Chapter 11, becoming the largest U.S. industrial...

US Supreme Court asked to not consider Wyoming coal lawsuit

May. 27, 2021 20:46 PM EDT

CASPER, Wyo. (AP) — The federal government has argued that the U.S. Supreme Court should not take up a lawsuit in Wyoming over a blocked coal export terminal because the company behind the proposal is bankrupt and won't be building the project. U.S. Solicitor General...

New Mexico official takes aim at oil, gas bond requirements

May. 20, 2021 18:08 PM EDT

ALBUQUERQUE, N.M. (AP) — New Mexico’s financial assurance requirements for oil and gas wells, pipelines and related infrastructure fall far short of what would be needed to offset closure and cleanup costs, according to the findings of an independent study released Thursday. ...

North Dakota won't halt case against horse-betting business

May. 20, 2021 15:26 PM EDT

BISMARCK, N.D. (AP) — North Dakota’s attorney general is continuing to pursue a 17-year-old bankruptcy court battle with the owner of a Fargo-based horse betting business despite a federal judge’s blistering rebuke of the state’s actions, one of which might have been illegal. ...

UK fraud agency probes Liberty Steel owner's Greensill links

May. 14, 2021 08:46 AM EDT

LONDON (AP) — The business empire of Liberty Steel owner Sanjeev Gupta, including its financing arrangements with bankrupt Greensill Capital U.K., is being investigated by Britain's Serious Fraud Office, the agency said Friday. The SFO said in a statement that it is...