Latest Corporate bankruptcy News

Archdiocese of Santa Fe's bankruptcy case plods along

Dec. 24, 2021 15:42 PM EST

SANTA FE, N.M. (AP) — The Archdiocese of Santa Fe’s Chapter 11 bankruptcy efforts have plodded along for three years with no end visible in the case involving more than 400 clergy abuse victims. Lawyers say three years is a comparatively long time for Chapter 11 proceedings but...

Watchdog group: Mississippi Prison Industries not effective

Dec. 20, 2021 15:21 PM EST

JACKSON, Miss. (AP) — A Mississippi legislative watchdog group is questioning the effectiveness of a nonprofit company that provides job training for people in prison. The Joint Legislative Committee on Performance Evaluation and Expenditure Review, or PEER, said in a recent report...

Iconic West Palm Beach business marks 100 years

Dec. 18, 2021 03:13 AM EST

WEST PALM BEACH, Fla. (AP) — Halsey & Griffith Inc. began as a 168-square-foot stationery store in downtown West Palm Beach in 1921, and this month the family-owned company that has reinvented itself several times is celebrating the iconic business’s 100th anniversary. ...

Sears to sell its suburban Chicago corporate headquarters

Dec. 17, 2021 10:56 AM EST

HOFFMAN ESTATES, Ill. (AP) — Sears plans to sell the sprawling suburban Chicago corporate headquarters that's been the struggling retailer's home for three decades. Transformco, Sears' parent company, confirmed this week that in early 2022 it plans to market the 273-acre...

Judge rejects Purdue Pharma’s sweeping opioid settlement

Dec. 16, 2021 22:52 PM EST

A federal judge rejected OxyContin maker Purdue Pharma’s bankruptcy settlement of thousands of lawsuits over the opioid epidemic Thursday because of a provision that would protect members of the Sackler family from facing litigation of their own. U.S. District Judge Colleen...

Lawsuit: North Carolina Boy Scouts chapter ignored abuse

Dec. 15, 2021 16:20 PM EST

WINSTON-SALEM, N.C. (AP) — Officials with a Boy Scouts of America chapter in North Carolina did nothing to prevent Scout leaders from sexually abusing 21 children between 1960 and 2010, according to a lawsuit. The lawsuit was filed on Nov. 29 in Forsyth County Superior Court...

Today in History

Dec. 02, 2021 00:09 AM EST

Today in History Today is Thursday, Dec. 2, the 336th day of 2021. There are 29 days left in the year. Today’s Highlight in History: On Dec. 2, 1859, militant abolitionist John Brown was hanged for his raid on Harpers Ferry...

States: Sackler family members abusing bankruptcy process

Nov. 30, 2021 16:26 PM EST

NEW YORK (AP) — A federal judge should reject a sweeping settlement to thousands of lawsuits against OxyContin maker Purdue Pharma, a group of states said at a hearing Tuesday, arguing that the protections it extends to members of the Sackler family who own the firm are improper. ...

Colorado debates bonding for closing, cleaning orphan wells

Nov. 25, 2021 10:16 AM EST

DENVER (AP) — Proposed reforms meant to ensure taxpayers don’t get stuck paying to clean up oil and gas sites could actually leave the public open to eventually covering billions of dollars in costs, environmentalists and local governments contend. The Colorado Oil...

4 ex-coal mine officials cleared in Kentucky fraud trial

Nov. 17, 2021 17:42 PM EST

LOUISVILLE, Ky. (AP) — A federal jury has cleared four former coal company officials who were accused of skirting dust rules in two underground Kentucky mines. The jury in U.S. District Court in Louisville deliberated Wednesday for about two hours before returning not...