Latest Corporate bankruptcy News

Deal for Wyoming mines called best-case for idled miners

Oct. 21, 2019 4:55 PM EDT

CHEYENNE, Wyo. (AP) — Two of the biggest U.S. coal mines have been sold, raising the possibility that hundreds of miners in Wyoming could return to work almost four months after the owner of the mines filed for bankruptcy protection. Tennessee-based Contura Energy announced Monday that Blackjewel closed...

Barneys pens deal to sell assets to Authentic Brands

Oct. 17, 2019 3:41 PM EDT

NEW YORK (AP) — Luxury chain Barneys New York has penned a deal to sell its assets for $271.4 million to Authentic Brands Group, a licensing company that owns such brands as Nine West and Aeropostale, and investment bank B. Riley Financial Inc., according to court documents filed late Wednesday. The deal...

FirstEnergy subsidiary wins bankruptcy plan approval

Oct. 17, 2019 12:01 PM EDT

TOLEDO, Ohio (AP) — A subsidiary of FirstEnergy Corp. that operates coal and nuclear plants in Ohio, Pennsylvania and West Virginia plans to emerge from bankruptcy protection by the end of the year after getting final approval from a federal judge. But FirstEnergy Solutions also warned this week that it...

Wichita lawyer sentenced in embezzlement case

Oct. 16, 2019 3:08 PM EDT

WICHITA, Kan. (AP) — A 69-year-old former Wichita attorney who stole hundreds of thousands of dollars from clients has been sentenced to three years in prison. Christopher O'Brien was sentenced Tuesday and was also ordered to pay $603,000 in restitution. O'Brien pleaded guilty in March to embezzling. Roger...

Today in History

Oct. 15, 2019 12:02 AM EDT

Today in History Today is Tuesday, Oct. 15, the 288th day of 2019. There are 77 days left in the year. Today's Highlight in History: On Oct. 15, 1991, despite sexual harassment allegations by Anita Hill, the Senate narrowly confirmed the nomination of Clarence Thomas to the U.S. Supreme Court, 52-48. On this...

Correction: Opioid Crisis-Purdue story

Oct. 14, 2019 4:55 PM EDT

WHITE PLAINS, N.Y. (AP) — In a story Oct. 11 about Purdue Pharma's bankruptcy case, The Associated Press reported erroneously the first name of the judge handling the case. It is Robert Drain, not Roberts Drain. A corrected version of the story is below: Judge will halt lawsuits against Purdue Pharma, its...

The Latest: Lawsuits paused against Purdue Pharma, Sacklers

Oct. 11, 2019 5:54 PM EDT

The Latest on the Purdue Pharma's bankruptcy case (all times local): 5:50 p.m. A judge has agreed to pause lawsuits against Purdue Pharma and the OxyContin maker's owners until next month with the intention of stopping suits longer so a settlement can be worked out to nearly 2,600 suits against the company. U.S....

States' position on the tentative opioid deal with Purdue

Oct. 11, 2019 5:44 PM EDT

State attorneys general have been divided nearly evenly over whether to accept a tentative deal to settle lawsuits against Purdue Pharma related to the nation's opioid crisis. States that oppose the tentative settlement, which could be worth as much as $12 billion over time, wanted to continue their lawsuits...

Cleanup requirements hold up sale of Blackjewel coal mines

Oct. 10, 2019 1:11 PM EDT

GILLETTE, Wyo. (AP) — Cleanup requirements are holding up the sale of a bankrupt coal company's mines in Wyoming and Appalachia. West Virginia-based Blackjewel proposes to sell mines including the Eagle Butte and Belle Ayr operations in Wyoming to an affiliate of Alabama-based FM Coal with help from...

High court schedules arguments on 38 Studios records release

Oct. 10, 2019 11:32 AM EDT

PROVIDENCE, R.I. (AP) — The Rhode Island Supreme Court is scheduled to hear oral arguments to release records from the grand jury investigation into the state's deal with Curt Schilling's video game company. The state invested $75 million in 38 Studios in 2010 to lure it from Massachusetts. Two years...