Hertz is requesting bankruptcy court approval to pay dozens of executives up to $12 million in bonuses if they meet certain goals.
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-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.
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
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 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.
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.
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 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.
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.
China toughened its language towards Taiwan on Thursday, warning after recent stepped up military activities near the island that "independence means war" and that its armed forces were acting in response to provocation and foreign interference.