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International

Maria Chutchian

Hertz proposes up to $12 million for latest round of bonuses

Jan 27 2021

Hertz is requesting bankruptcy court approval to pay dozens of executives up to $12 million in bonuses if they meet certain goals.

IN BRIEF: L'Occitane files for bankruptcy, will close 23 stores

Jan 26 2021

The U.S. branch of beauty retailer L’Occitane filed for Chapter 11 protection in New Jersey on Tuesday with plans to close some of its stores.

Buffet pizza chain CiCi's files for bankruptcy with lender takeover plan

Jan 26 2021

Buffet-style pizza chain CiCi’s Pizza has filed for Chapter 11 protection with a plan to reorganize under the control of lenders and exit bankruptcy within two months.

U.S. bankruptcy judge okays Weinstein Co plan paying $17 million for sex abuse claims

Jan 26 2021

A U.S. Bankruptcy Court judge on Monday approved The Weinstein Co’s liquidation plan, which sets aside $17 million for women who accused co-founder Harvey Weinstein of sexual misconduct. | Video

Boy Scouts' insurers question 'implausibly large' numbers of sex abuse claims

Jan 25 2021

Insurers who may be on the hook for the Boy Scouts of America's liabilities stemming from sex abuse allegations are looking to investigate the validity of what they say are "implausibly large" numbers of claims filed in the youth organization’s bankruptcy case.

Ruby Tuesday bankruptcy judge approves executive bonus plan

Jan 22 2021

Ruby Tuesday secured bankruptcy court approval for a bonus plan that would pay five executives up to a combined $619,500 in incentive payments despite opposition from the U.S. Department of Justice’s bankruptcy watchdog.

Eagle Hospitality lender says bankruptcy may be too long, expensive

Jan 21 2021

U.S.-based units of a Singaporean hotel real estate trust secured approval to access part of a $100 million loan to fund their Chapter 11 proceedings in Delaware, but may face a bumpy bankruptcy ahead with an existing lender saying the process may be too costly.

NRA lawyer denies bad faith bankruptcy accusations

Jan 20 2021

A lawyer for the National Rifle Association on Wednesday denied claims that its bankruptcy was not filed in good faith and said the filing was not an attempt to evade litigation brought by New York's attorney general.

Purdue Pharma aims for February reorganization plan

Jan 20 2021

Purdue Pharma expects to submit a proposed reorganization plan to a New York bankruptcy court by mid-February, a lawyer for the OxyContin maker said during a remote court hearing on Wednesday.

Eagle Hospitality's U.S.-based units file for bankruptcy in Delaware

Jan 19 2021

Units of a Singapore-based real estate trust for airport hotels have filed for bankruptcy in Delaware as the COVID-19 pandemic continues to ravage the hospitality industry.

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