Opioid and Asbestos Immunity Cases Could Tilt Bankruptcy Scales Away From Victims August 26, 2021 By Jeremy Hill and Steven Church The billionaire owners of OxyContin maker Purdue Pharma LP and lumber giant Georgia-Pacific are in high-stakes legal battles to shed...
Facing Deceptive Opioid Marketing Suits, Mallinckrodt Files for Bankruptcy October 12, 2020 Mallinckrodt Plc filed for bankruptcy protection on Monday, saddled with lawsuits alleging it fueled the U.S. opioid epidemic and after...
Department Store Blames Insurers As It Files Bankruptcy and Shuts Down September 10, 2020 By Jeremy Hill Century 21 Stores, an iconic New York off-price department store chain, filed for bankruptcy with plans to shut down, becoming...
Bankruptcy Court Approves PG&E’s Chapter 11 Reorganization Plan June 22, 2020 By Kanishka Singh PG&E Corp. said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern...
PG&E’s Bankruptcy Plan Wins Support from California Wildfire Victims May 20, 2020 By Michael Liedtke Pacific Gas & Electric’s plan for getting out of bankruptcy has won overwhelming support from the victims of deadly Northern...
Willis Towers Watson Forms Risk Services Group for Distressed Organizations May 12, 2020 Willis Towers Watson has formed a new unit serving companies facing bankruptcy or restructuring. The new unit, Strategic Solutions Group...
PG&E Purging Most of Board in Fallout From Bankruptcy, California Wildfires May 4, 2020 By Michael Liedtke PG&E Corp. will sweep out three quarters of its board of directors to start with a mostly clean slate when...
Another Member PG&E California Wildfire Panel Resigns April 6, 2020 The former chief financial officer for a Northern California city destroyed in a 2018 wildfire caused by Pacific Gas &...
PG&E Banking on Big Profits After Utility Leaves Bankruptcy February 20, 2020 By Michael Liedtke Pacific Gas and Electric says it expects to become more profitable than ever after it emerges from bankruptcy and pays...
Bankrupt Philadelphia Refiner Seeks $2.5M in Executive Bonuses November 27, 2019 By Laila Kearney The bankrupt Philadelphia Energy Solutions oil refiner is seeking a minimum of $2.5 million in bonus payments to the refiner’s...