Corporate bankruptcy

FILE - In this Dec. 16, 2017, file photo provided by the Santa Barbara County Fire Department, flames burn near power lines in Sycamore Canyon near West Mountain Drive in Montecito, Calif. Pacific Gas & Electric Corp. has received approval to establish a $105 million fund to help survivors of recent California wildfires started by the utility's power lines. A federal judge overseeing PG&E's bankruptcy case approved the utility's "wildfire assistance program" on Wednesday, May 22, 2019. (Mike Eliason/Santa Barbara County Fire Department via AP, File)
May 22, 2019 - 6:53 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric Corp. received approval Wednesday to establish a $105 million fund to help survivors of recent California wildfires started by the utility's equipment. A federal judge overseeing PG&E's bankruptcy case approved the utility's wildfire assistance...
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May 22, 2019 - 6:34 pm
READING, Pa. (AP) — A federal bankruptcy judge on Wednesday approved the sale of the 150-year-old Reading Eagle to a publisher known for its aggressive cost-cutting. MediaNews Group, better known as Digital First Media, offered $5 million for the assets of the Reading Eagle Co., which filed for...
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Money
© Yauheni Hastsiukhin | Dreamstime.com
May 10, 2019 - 5:24 pm
GILLETTE, Wyo. (AP) — The nation's third-largest coal company by production volume filed for bankruptcy Friday as utility companies increasingly turn to gas-fired generation and renewable energy for electricity. Gillette-based Cloud Peak Energy filed for Chapter 11 reorganization in U.S. Bankruptcy...
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FILE - In this July 31, 2005 file photo, Boy Scouts salute as they recite the Pledge of Allegiance during the Boy Scout Jamboree in Bowling Green, Va. In 2019, financial threats to the Boy Scouts have intensified as multiple states consider adjusting their statute-of-limitations laws so that victims of long-ago child sex-abuse have a chance to seek redress in the courts. (AP Photo/ Haraz N. Ghanbari)
April 24, 2019 - 6:09 am
NEW YORK (AP) — The lawyers' ads on the internet aggressively seeking clients to file sexual abuse lawsuits give a taste of what lies ahead this year for the Boy Scouts of America: potentially the most fateful chapter in its 109-year history. Sexual abuse settlements have already strained the Boy...
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FILE - In this July 11, 2017, file photo, Mt. Gox CEO Mark Karpeles speaks at a press conference at the Justice Ministry in Tokyo. Karpeles is appealing his conviction on charges of manipulating electronic data. Karpeles’ lawyer Nobuyasu Ogata said Friday, March 29, 2019 his client had merely tried to reduce the risks for Mt. Gox users. (AP Photo/Shizuo Kambayashi, File)
March 29, 2019 - 4:05 am
TOKYO (AP) — Mark Karpeles, who headed Mt. Gox, a Japan-based bitcoin exchange that went bankrupt after a massive hacking, is appealing his conviction on charges of manipulating electronic data. Karpeles' lawyer Nobuyasu Ogata said Friday his client says he merely tried to reduce the risks for Mt...
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FILE - In this Nov. 9, 2018 file photo, Pacific Gas & Electric crews work to restore power lines in Paradise, Calif. Gov. Gavin Newsom says PG&E plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety. Newsom, on Thursday March 28, 2019, said putting hedge fund managers in charge of the company will send a message the utility prioritizes profits over providing safe and reliable energy service. The utility did not immediately comment. (AP Photo/Rich Pedroncelli, File)
March 28, 2019 - 4:55 pm
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Thursday that Pacific Gas & Electric Corp. plans to remake its board of directors with hedge fund financiers and people who have little experience in utility operations and safety, and he urged the utility's leader to change course. "...
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Oklahoma Attorney General Mike Hunter speaks about a settlement with Purdue Pharma for opioid abuse, as Oklahoma State University Center for Health Sciences President Dr. Kayse Shrum and OSU President Burns Hargis, right, listen, Tuesday, March 26, 2019. Purdue Pharma, the maker of OxyContin and the company's controlling family agreed Tuesday to pay a groundbreaking $270 million to Oklahoma to settle allegations they helped create the nation's deadly opioid crisis with their aggressive marketing of the powerful painkiller. (Mike Simons/Tulsa World via AP)
March 26, 2019 - 3:25 pm
TULSA, Okla. (AP) — The Latest on Oklahoma's lawsuit against manufacturers of opioid pain medications (all times local): 2:35 p.m. Oklahoma's attorney general says he went to great lengths to ensure that a drugmaker accused of helping to fuel a national opioid crisis doesn't declare bankruptcy to...
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FILE - In this May 15, 2017 file photo, Frontier Airlines jetliners sit at gates at Denver International Airport. The union representing Frontier Airlines flight attendants says they have reached a tentative contract deal with the Denver-based budget carrier. The Association of Flight Attendants-CWA said both sides agreed to terms for the contract Tuesday, March 19, 2019, but the language still needs to be finalized and approved by the flight attendants' elected union leaders. The union says the deal includes significant pay increases, schedule flexibility, quality of life enhancements and other benefits. (AP Photo/David Zalubowski, File)
March 20, 2019 - 3:40 pm
DENVER (AP) — Frontier Airlines flight attendants have reached a tentative contract deal with the Denver-based budget carrier to replace an agreement negotiated while the company was bankruptcy nearly a decade ago. Both sides agreed to terms for the contract Tuesday, leading the union to call off a...
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March 13, 2019 - 3:35 pm
The company that has made billions selling the prescription painkiller OxyContin says it is considering bankruptcy as one of several possible legal options. Connecticut-based Purdue Pharma's statement comes as the first trial date nears in hundreds of lawsuits aiming to hold the company and others...
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FILE- In this May 18, 2006, file photo a worker puts the finishing touches on a sign unveiling the company's new look at a Payless Shoesource store at a mall in Independence, Mo. Payless ShoeSource has filed for Chapter 11 bankruptcy protection and is shuttering its remaining stores in North America. The filing on Monday, Feb. 18, 2019, came a day after the shoe chain began holding going-out-of-business sales at its North American stores. (AP Photo/Charlie Riedel, File)
February 20, 2019 - 7:37 am
TOPEKA, Kan. (AP) — The failing Payless ShoeSource chain will honor gift cards and store credit until March 11 as the company liquidates all operations. The Topeka, Kansas, company, which filed for bankruptcy protection this week, will allow returns and exchanges of non-final sale items through the...
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