Corporate bankruptcy

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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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 19, 2019 - 1:39 pm
NEW YORK (AP) — Payless ShoeSource has filed for Chapter 11 bankruptcy protection and is shuttering its remaining stores in North America. The filing on Monday came a day after the shoe chain began holding going-out-of-business sales at its North American stores. The company, based in Topeka,...
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California Gov. Gavin Newsom walks up up the center aisle of the Assembly Chambers to deliver his first of the State of the State address to a joint session of the legislature at the Capitol Tuesday, Feb. 12, 2019, in Sacramento, Calif. (AP Photo/Rich Pedroncelli)
February 12, 2019 - 4:53 pm
SACRAMENTO, Calif. (AP) — California Gov. Gavin Newsom said Tuesday he's abandoning a $77 billion plan to build a high-speed rail line between Los Angeles and San Francisco and will focus instead on completing a 119-mile (190-kilometer) segment in the state's agricultural heartland. Voters approved...
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February 08, 2019 - 1:19 pm
NEW YORK (AP) — In a story Feb. 7 about Sears staying in business, The Associated Press incorrectly spelled the name of a popular American TV show that aired in the 1960s. The show is "The Andy Griffith Show," not "The Andy Griffin Show." A corrected version of the story is below: Bankruptcy judge...
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FILE - In this Nov. 22, 2017 file photo, former gymnast Rachael Denhollander speaks about former sports doctor Larry Nassar in Lansing, Mich. Denhollander, the first woman to publicly accuse now-imprisoned sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer during a creditors' meeting two months after the embattled sport organization filed a Chapter 11 bankruptcy petition. (AP Photo/Paul Sancya, File)
February 07, 2019 - 1:24 pm
INDIANAPOLIS (AP) — The first woman to publicly accuse sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer in bankruptcy court. Attorney John Manly says Rachael Denhollander will question Scott Shollenbarger about the Indianapolis-based group's...
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A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif., Friday, Feb. 1, 2019. Pacific Gas & Electric Co. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money, more than $5 million, was spent lobbying on proposals around wildfire safety and response, including a discussion on whether to reduce the strict liability utilities face when their equipment sparks wildfires. (AP Photo/Jeff Chiu)
February 01, 2019 - 5:47 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money — more than...
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Amanda Riddle, an attorney representing wildfire victims, speaks with a reporter outside of a Federal Courthouse in San Francisco, Tuesday, Jan. 29, 2019. Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to fire victims. (AP Photo/Jeff Chiu)
January 29, 2019 - 6:44 pm
SAN FRANCISCO (AP) — Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to...
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FILE - In this Oct. 14, 2017, file photo, the Tubbs wildfire burns behind a winery in Santa Rosa, Calif. A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a deadly wildfire in Northern California wine country could complicate the utility's plans to file for bankruptcy. State investigators said Thursday, Jan. 24, 2019, the 2017 blaze that killed multiple people and destroyed more than 5,600 structures in Sonoma and Napa counties was caused by a private electrical system. (AP Photo/Jae C. Hong, File)
January 25, 2019 - 1:04 am
SACRAMENTO, Calif. (AP) — A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a 2017 wildfire that killed 22 people in Northern California wine country could hamper lawsuits by victims of the blaze and complicate the utility's plans to file...
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