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."
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.
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.
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.
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.
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 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.
The Johnson & Johnson subsidiary that holds the company's talc liabilities is tentatively set to defend its decision to file for bankruptcy in February.
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.
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.
ADEN, Yemen (Reuters) -An air strike killed about 14 people in a building in the Yemeni capital of Sanaa, residents said on Tuesday, during strikes across the city launched by the Saudi-led coalition fighting the Houthi group.