(WASHINGTON) — The Justice Department said Monday it has "fundamental concerns" with Purdue Pharma’s plan to exit Chapter 11 bankruptcy protection. Purdue filed for Chapter 11 protection in 2019 as it faced thousands of lawsuits across the country over its aggressive marketing of OxyContin and... Read More.
(NEW YORK) -- A controversial bankruptcy plan involving OxyContin maker Purdue Pharma, which would shield the Sackler family from litigation tied to the opioid crisis, moved forward Thursday. A federal bankruptcy court judge in White Plains, New York, allowed Purdue to begin soliciting support for... Read More.
(NEW YORK) -- The National Rifle Association "intentionally deceived" its board of directors when it filed for bankruptcy protection in January and its Chapter 11 case should be dismissed, an attorney for New York Attorney General Letitia James said Monday during closing arguments in... Read More.
By KATIE KINDELAN, ABC News(LONDON) -- A leading paparazzi agency announced Wednesday that it will file for bankruptcy, and cited a legal battle with Duchess Meghan as one of the major reasons for its financial demise.Splash News and... Read More.
By CATHERINE THORBECKE, ABC News(NEW YORK) -- Griddy Energy has filed for Chapter 11 bankruptcy protection in the aftermath of the severe winter weather that hit Texas last month and triggered an energy crisis.The wholesale electricity provider came... Read More.
By ERIN SCHUMAKER, ABC News(CHICAGO) -- Chicago's oldest hospital filed for Chapter 11 bankruptcy this week, frustrating city and state officials who pledged to keep the safety-net hospital open.The hospital plans to cease all operations except for basic... Read More.
(DELAWARE) -- (NOTE CONTENT) At a hearing in a Delaware court Monday, U.S. Bankruptcy Court Judge Mary Walrath approved a $17 million settlement plan resolving most of the sexual harassment and assault claims against disgraced producer Harvey Weinstein. The Hollywood Reporter notes that the settlement had been approved by... Read More.
By CATHERINE THORBECKE, ABC News(NEW YORK) -- The National Rifle Association announced that it intends to restructure as a nonprofit based in Texas and has filed for Chapter 11 bankruptcy protections."The move will enable long-term, sustainable growth and... Read More.
By CATHERINE THORBECKE, ABC News(NEW YORK) -- After a court handed down an approval of its sale, pandemic-battered retailer J.C. Penney Co. is poised to emerge from bankruptcy ahead of the holiday shopping season.The U.S. Bankruptcy Court for... Read More.
By JACQUELINE LAUREAN YATES, GMA(NEW YORK) -- After 194 years, Lord & Taylor is officially closing.The seasoned department store announced that all 38 of its remaining stores will be shutting its doors on Thursday. Liquidation sales have... Read More.
By ABC News (NEW YORK) -- Lord & Taylor has become the latest retailer to file for bankruptcy as the coronavirus pandemic has wreaked havoc on retail chains and sales around the country.The company filed for bankruptcy protection in the Eastern... Read More.
By JACQUELINE LAUREAN YATES, ABC News(LOS ANGELES) -- After 30 years, Lucky Brand has filed for bankruptcy amid the coronavirus pandemic.On Friday, it was announced that the Los Angeles-based company, formally known as Lucky Brand Dungarees, LLC, filed... Read More.