Latest Corporate bankruptcy News

Florida lawmakers to meet for session on property insurance

May. 20, 2022 16:54 PM EDT

TALLAHASSEE, Fla. (AP) — Florida lawmakers return to the Capitol next week for a special legislative session aimed at addressing problems in the state’s turbulent property insurance market, a persistent and multifaceted crisis in a region vulnerable to damaging hurricanes. It is...

Google's Russian business plans to file for bankruptcy

May. 18, 2022 14:12 PM EDT

LONDON (AP) — Google says its Russian subsidiary is planning to file for bankruptcy because it can't pay staff and suppliers. Russian state media reported Wednesday that the U.S. tech company's Russian subsidiary, Google LLC, submitted notice of its intention to declare bankruptcy...

Sandy Hook lawsuits against Alex Jones on track to resume

May. 13, 2022 17:00 PM EDT

VICTORIA, Texas (AP) — The Sandy Hook families' lawsuits against Infowars host and conspiracy theorist Alex Jones for calling the 2012 Newtown school shooting a hoax appear poised to resume soon, based on agreements revealed Friday in the bankruptcy cases of some of Jones' companies. ...

Lebanon vote seen as last chance in crisis-plagued nation

May. 13, 2022 02:05 AM EDT

BEIRUT (AP) — In households across Lebanon, it's likely that one or more family members are planning to emigrate — if they can get a passport. Demand is high but the bankrupt government has not paid the company contracted to issue or renew the documents. Lebanese spend their days...

French fiberglass maker hiring 400 in $28M Georgia expansion

May. 11, 2022 18:20 PM EDT

DUBLIN, Ga. (AP) — A French manufacturer says it will restart the fiberglass furnace at a Georgia plant it purchased in 2019, investing $28 million and hiring 400 new workers. Saint-Gobain said Wednesday that its ADFORS unit would expand the plant it bought for $17.5 million in the...

Federal judges are asked to pave way for Purdue Pharma deal

Apr. 29, 2022 16:24 PM EDT

Lawyers for OxyContin maker Purdue Pharma and many of those who had claims against the company over the toll of opioids joined together Friday to urge a federal judicial panel to allow a plan that would settle lawsuits across the country. The legal question facing the judges from the...

Becker gets 2 1/2 years in prison for bankruptcy offenses

Apr. 29, 2022 12:01 PM EDT

LONDON (AP) — Tennis great Boris Becker was sentenced to 2 1/2 years in prison on Friday for illicitly transferring large amounts of money and hiding assets after he was declared bankrupt. The three-time Wimbledon champion was convicted earlier this month on four charges under the...

Judge delays Alex Jones trial as Infowars seeks bankruptcy

Apr. 20, 2022 15:49 PM EDT

AUSTIN, Texas (AP) — A Texas judge on Wednesday pushed back the first jury trial over how much conspiracy theorist Alex Jones should pay the families of Sandy Hook victims after his Infowars company sought bankruptcy protection this week. The delay ordered by state District Judge...

EXPLAINER: What does Infowars’ bankruptcy filing mean?

Apr. 18, 2022 20:34 PM EDT

AUSTIN, Texas (AP) — Alex Jones' company Infowars has filed for bankruptcy protection after the conspiracy theorist lost defamation lawsuits over his comments that the 2012 Sandy Hook Elementary School massacre was a hoax. Jones filed for Chapter 11 protection in Texas and told his...

Once a retail giant, Kmart nears extinction after closure

Apr. 11, 2022 11:35 AM EDT

AVENEL, N.J. (AP) — The familiar sights and sounds are still there: the scuffed and faded floor tiles, the relentless beige-on-beige color scheme, the toddlers' clothes and refrigerators and pretty much everything in between. There’s even a canned recording that begins,...