Latest Corporate bankruptcy News

FILE – This April 4, 2017, file photo shows the entrance to FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. Ohio’s attorney general has filed a lawsuit attempting to block the state’s nuclear plants from collecting fees on electricity bills that were authorized in a new law. Attorney General Dave Yost filed the lawsuit Wednesday, Sept. 23, 2020 in Franklin County Court against Energy Harbor. (AP Photo/Ron Schwane, file)

Ohio sues to block nuclear bailout money from being paid

Sep. 23, 2020 3:25 PM EDT

COLUMBUS, Ohio (AP) — Ohio’s attorney general sued Wednesday in an attempt to block the state’s nuclear plants from collecting fees on electricity bills that were authorized in a new law at the center of a $60 million federal bribery probe involving the former speaker of the Ohio House....

FILE – This April 4, 2017, file photo shows the entrance to FirstEnergy Corp.'s Davis-Besse Nuclear Power Station in Oak Harbor, Ohio. A nuclear plant bailout law should be repealed immediately, Democratic members of the Ohio House announced Wednesday, July 22, 2020, as a bribery scandal involving one of the state’s most powerful lawmakers unfolded over the law’s passage. (AP Photo/Ron Schwane, File)

Watchdog seeks more scrutiny of utility's spending in scheme

Sep. 22, 2020 5:18 PM EDT

CLEVELAND (AP) — Ohio's consumer watchdog has asked the state's regulator for public utilities to increase its scrutiny of FirstEnergy Corp.'s spending in what federal authorities say was a $60 million bribery scheme to obtain a $1 billion bailout for two struggling nuclear power plants owned at the time...

FILE - In this Wednesday, Aug. 22, 2007, file photo, Robert Murray, then-chief executive of Murray Energy Corp., speaks during an interview with The Associated Press in his office at the Crandall Canyon Mine, northwest of Huntington, Utah. Murray Energy Holdings’ approved Chapter 11 bankruptcy plan became effective Wednesday, Sept. 16, 2020. The company completed the sale of its assets to an entity formed by former creditors. Murray was replaced as CEO in 2019 by Robert Moore, who will head the new company, Ohio-based American Consolidated Natural Resources Inc. (AP Photo/Jae C. Hong, File)

Coal giant Murray Energy out of bankruptcy under new name

Sep. 17, 2020 1:06 AM EDT

CHARLESTON, W.Va. (AP) — A major U.S. coal mining company has emerged from federal bankruptcy protection under a new name and ownership group. Murray Energy Holdings said its Chapter 11 plan was approved last month in U.S. bankruptcy court in Ohio and became effective Wednesday. The company said in a...

Today in History

Sep. 15, 2020 12:00 AM EDT

Today in History Today is Tuesday, Sept. 15, the 259th day of 2020. There are 107 days left in the year. Today’s Highlight in History: On September 15, 1963, four Black girls were killed when a bomb went off during Sunday services at the 16th Street Baptist Church in Birmingham, Alabama. (Three Ku Klux...

Bankruptcy settlement could pay coal workers $17.3 million

Sep. 14, 2020 3:41 PM EDT

CASPER, Wyo. (AP) — Some 1,700 employees of a bankrupt coal mining company would get up to $17.3 million in back pay under a proposed class-action settlement. The former employees of Milton, West Virginia-based Blackjewel in Wyoming and Appalachia could get checks early next year depending on the outcome...

FILE - In this Feb. 7, 2013 photo, a man walks past a shuttered New York Sports Club on Water St. in New York. Town Sports International Holdings Inc., the owner of New York Sports Club and Lucille Roberts filed for Chapter 11 bankruptcy Monday, Sept. 14, 2020, as gym operators struggle to keep afloat amid nationwide shutdowns. (AP Photo/Mary Altaffer, File)

NY Sports Club latest chain to seek bankruptcy protection

Sep. 14, 2020 1:28 PM EDT

The company that runs New York Sports Club and Lucille Roberts gyms filed for bankruptcy protection with COVID-19, still prevalent in many parts of the U.S., gutting membership rolls at fitness companies nationwide. Gold’s Gym sought bankruptcy protection in May and 24 Hour Fitness Worldwide filed for...

A Thai Airways jet sits on the tarmac at the Suvarnabhumi Airport in Bangkok, Thailand, Monday, Sept. 14, 2020. Thailand's Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to oversee it. (AP Photo/Sakchai Lalit)

Thai court allows Thai Airways to file for reorganization

Sep. 14, 2020 6:07 AM EDT

BANGKOK (AP) — Thailand’s Central Bankruptcy Court on Monday gave the go-ahead to financially ailing Thai Airways International to submit a business reorganization plan and appointed seven planners to oversee it. A press release from the airline said the plan should be submitted to the court by the...

Andy and Ginger Segar cruise down Michigan Avenue in their Pulse autocycle on Friday, Aug. 28, 2020, in Battle Creek, Mich. Andy purchased the Owosso Pulse, made by the Owosso Motor Company, from his friend's father, a childhood dream come true.  (Alyssa Keown/Battle Creek Enquirer via AP)

Owosso Pulse: Michigan's 'Back to the Future' autocycle

Sep. 13, 2020 1:01 AM EDT

BATTLE, CREEK, Mich. (AP) — Andy Segar noticed two police vehicles in his rear view mirror. He was taking his beloved Pulse autocycle on a 15-mile spin from Bellevue to Battle Creek in August when he said he heard a police officer say over a PA system, ”‘Hey, I don’t have a reason to...

Judge OKs NORPAC settlement with farms

Sep. 11, 2020 5:32 PM EDT

SALEM, Ore. (AP) — A bankruptcy judge has approved a settlement agreement between the former NORPAC Foods processing company and some 100 member farms, which means they’ll collectively receive $4.5 million. Continued litigation between the defunct food processor and growers would have been highly...

FILE- In this Oct. 28, 2014, file photo people shop at the Century 21 Department Store in Philadelphia. Century 21 Stores - a destination for bargain hunters looking for fat deals on designer dresses and shoes for nearly 60 years -  has filed for Chapter 11 bankruptcy and is winding down its business, including all multiple stores across New York, New Jersey, Pennsylvania and Florida.  (AP Photo/Matt Rourke, File)

Bargain chain Century 21 to shut down after nearly 60 years

Sep. 10, 2020 11:22 AM EDT

NEW YORK (AP) — Century 21 Stores — a destination for bargain hunters looking for fat deals on designer dresses and shoes, cosmetics and housewares for nearly 60 years — has filed for Chapter 11 bankruptcy and is winding down its business, shutting all 13 stores across New York, New Jersey,...