Posts

Showing posts with the label Bankruptcies

[TRENDING NEWS] Purdue Pharma Offers Plan to End Sackler Control and Mounting Lawsuits

Image
Author: BY JAN HOFFMAN AND MARY WILLIAMS WALSH - Publish Date: March 16, 2021 at 11:11AM The OxyContin maker filed its long-awaited restructuring plan in bankruptcy court. Revenue from the new company would go exclusively to abating the opioid crisis.

[TRENDING NEWS] Harvey Weinstein Accusers Agree to $17 Million Settlement

Image
Author: BY MELENA RYZIK AND CARA BUCKLEY - Publish Date: January 28, 2021 at 07:07AM Some 40 women will participate in the bankruptcy court agreement, though others who have sued Mr. Weinstein and accused him of sexual abuse have objected to the terms and are considering an appeal.

[TRENDING NEWS] For Trump, Past Is Prologue

Image
Author: BY CHARLES M. BLOW - Publish Date: November 30, 2020 at 07:11AM He has always tried to weave a reality different from what is actually true.

[TRENDING NEWS] $421 Million in Debt: Trump Calls It ‘a Peanut,’ but Challenges Lie Ahead

Image
Author: BY RUSS BUETTNER AND SUSANNE CRAIG - Publish Date: October 17, 2020 at 06:45AM The president on Thursday played down big loans he guaranteed for his struggling businesses. But much of that debt is soon to come due in the midst of declining revenue and an I.R.S. audit that could cost him over $100 million.

[TRENDING NEWS] The Two Men Buying Your Favorite Retailers

Image
Author: BY SAPNA MAHESHWARI AND VANESSA FRIEDMAN - Publish Date: September 8, 2020 at 02:00PM Jamie Salter and David Simon, one a licensing expert and the other a mall operator, are reshaping the shopping landscape by acquiring bankrupt brands like Brooks Brothers and Forever 21.

[TRENDING NEWS] Men’s Wearhouse Owner Files for Bankruptcy

Image
Author: BY GILLIAN FRIEDMAN - Publish Date: August 3, 2020 at 12:07PM Tailored Brands, known for its clothing chains Men’s Wearhouse and JoS. A. Bank, struggled as the pandemic shut stores and consumer demand for office attire dropped.

[TRENDING NEWS] PG&E Appoints a New Board as It Eyes Its Bankruptcy Exit

Image
Author: BY IVAN PENN - Publish Date: June 11, 2020 at 06:57AM The governor of California required the troubled utility to replace its directors as a condition for taking part in a new wildfire liability fund.

[TRENDING NEWS] At Stake in Boy Scouts’ Bankruptcy: $1 Billion in Assets, or Much More

Image
Author: BY MIKE BAKER - Publish Date: February 20, 2020 at 07:18AM As the Boy Scouts tries to deal with a flood of sexual abuse claims in bankruptcy court, it wants to shield the local councils that own most scout camps. But plaintiffs’ lawyers say the councils must pay.

[TRENDING NEWS] Pennsylvania Diocese, Facing More Abuse Claims, Files for Bankruptcy

Image
Author: BY MICHAEL LEVENSON - Publish Date: February 20, 2020 at 07:14AM The Harrisburg Roman Catholic diocese became the latest to seek Chapter 11 protection. It faces claims from an estimated 200 victims of clergy sexual abuse.

[TRENDING NEWS] Puerto Rico Reaches Deal to Settle $35 Billion in Debt

Image
Author: BY MARY WILLIAMS WALSH - Publish Date: February 11, 2020 at 06:40AM The agreement with general-obligation bondholders gives them more cash up front and more attractive debt, while costing the territory $1 billion less than previously expected.

[TRENDING NEWS] Dairy Giant Borden Files for Bankruptcy Protection

Image
Author: BY NIRAJ CHOKSHI - Publish Date: January 7, 2020 at 07:46AM The Dallas company, which employs 3,300, had been trying to renegotiate its debt agreements for months, but talks fell through.

[TRENDING NEWS] Pier 1 Imports to Close Up to 450 Stores and Cut Jobs

Image
Author: BY SAPNA MAHESHWARI - Publish Date: January 7, 2020 at 06:44AM The furniture chain is the latest retailer to struggle with declining store visits and changing consumer tastes.

[TRENDING NEWS] Blackjewel Coal Miners to Get Millions in Back Pay After Train Blockade

Image
Author: BY MIHIR ZAVERI - Publish Date: October 25, 2019 at 08:48AM Blackjewel went bankrupt in July and about 1,100 workers in central Appalachia lost several weeks of pay. In protest, coal miners blocked a train full of coal for months.

[TRENDING NEWS] One Barneys Suitor Says Bid Accepted, but Chain Hopes for Another

Image
Author: BY SAPNA MAHESHWARI AND VANESSA FRIEDMAN - Publish Date: October 25, 2019 at 07:31AM Authentic Brands Group said it was the successful bidder, but Barneys is hoping a rival offer will come through to keep its stores open and save jobs.

[TRENDING NEWS] Battle for PG&E Hinges on Rival Plans and Uncertain Costs

Image
Author: BY LAUREN HEPLER AND PETER EAVIS - Publish Date: October 8, 2019 at 07:01AM As the utility defends its bankruptcy plan against a challenge from bondholders and wildfire victims, its liabilities are still being calculated.

[TRENDING NEWS] What Really Happened at Sonia Rykiel

Image
Author: BY DANA THOMAS - Publish Date: September 30, 2019 at 12:00PM How an adored French brand ended up in liquidation.

[TRENDING NEWS] What Really Happened at Sonia Rykiel

Image
Author: BY DANA THOMAS - Publish Date: September 30, 2019 at 12:00PM How an adored French brand ended up in liquidation.

[TRENDING NEWS] Forever 21, Which Helped Popularize Fast Fashion, to File for Bankruptcy

Image
Author: BY SAPNA MAHESHWARI - Publish Date: September 30, 2019 at 08:04AM The retailer fell victim to the eroding power of shopping malls and said it would cease operations in 40 countries and close up to 178 stores in the U.S.

[TRENDING NEWS] G.M. Workers Say They Sacrificed, and Now They Want Their Due

Image
Author: BY NEAL E. BOUDETTE - Publish Date: September 17, 2019 at 07:44AM Nearly 50,000 union members are striking for what they see as a fair share of the company’s hefty returns, a decade after its bankruptcy.

[TRENDING NEWS] Purdue Pharma Files for Chapter 11 Bankruptcy

Image
Author: BY JAN HOFFMAN AND MARY WILLIAMS WALSH - Publish Date: September 16, 2019 at 10:26AM The filing is a centerpiece of an agreement to settle thousands of cases against the company for its role in the opioids crises. But it is expected to be vigorously contested by a group of 26 states.