Edition:
International

Maria Chutchian

Judge rejects legal shield in bankruptcy of former Ann Taylor parent

Jan 14 2022

A Virginia federal judge has shut down legal protections for insiders of Ann Taylor’s former parent company, calling the company's use of a popular tool in corporate bankruptcies "shocking."

Brazos bankruptcy judge narrows ERCOT defense of $2 billion bill

Jan 12 2022

A judge overseeing the bankruptcy of the largest electric co-op in Texas on Wednesday shut down certain arguments that the state's electric grid operator was looking to make in a legal brawl with the co-op over a nearly $2 billion bill stemming from a historic winter storm last year.

J&J talc judge says legal shield dispute is for bankruptcy court

Jan 12 2022

A New Jersey federal judge on Tuesday said a dispute over Johnson & Johnson’s legal protections against talc-related litigation must be decided by a bankruptcy judge.

Seadrill unit files for bankruptcy seeking 24-hour turnaround

Jan 12 2022

A unit of offshore driller Seadrill Ltd on Tuesday filed a fast-tracked reorganization plan in Houston bankruptcy court, where it expects to seek approval of the proposal on Wednesday.

Supreme Court to determine constitutionality of bankruptcy fee increase

Jan 10 2022

The U.S. Supreme Court said on Monday it will review a dispute over a recent increase in fees that Chapter 11 debtors are required to pay the federal government.

Purdue Pharma can appeal rejection of bankruptcy plan

Jan 07 2022

NEW YORK A U.S. judge on Friday allowed Purdue Pharma to immediately challenge her rejection of legal protections for Sackler family members who own the OxyContin maker, and which were a major component of its bankruptcy reorganization plan.

Mallinckrodt makes final plea for approval of bankruptcy opioid deal

Jan 06 2022

Mallinckrodt plc on Thursday made its final case in support of its proposed reorganization plan, telling the Delaware judge who must sign off on it that the $1.7 billion set aside to resolve lawsuits accusing it of deceptively marketing opioids is a fair settlement.

J&J unit, talc claimants look to February hearing over bankruptcy validity

Jan 06 2022

The Johnson & Johnson subsidiary that holds the company's talc liabilities is tentatively set to defend its decision to file for bankruptcy in February.

Boy Scouts fall short in support for $2.7 billion abuse settlement

Jan 05 2022

The Boy Scouts of America fell short of winning the support it sought from sex-abuse victims for a nearly $2.7 billion settlement that could bring the organization out of bankruptcy, according to court papers.

Judge orders mediation for Purdue, Sacklers over opioid settlement

Jan 03 2022

A U.S. judge on Monday ordered mediation in the Purdue Pharma bankruptcy, calling for the company, the Sackler family members that own it and nine states to determine whether they can reach a new opioid litigation settlement by Jan. 14.

World News