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Texas bankruptcy lawsuit begins with energy bill over $2 billion after 2021 winter storm

Electrical Reliability Council of Texas (ERCOT) Command Center in Taylor, Texas August 14, 2012. REUTERS/Julia Robinson Join now for FREE unlimited access to Reuters.com Register Grid operator says high prices are part of the energy system Texas’ largest electric co-op says bill expected to be $770 million The names of companies and law firms listed […]

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BSA Reaches Settlement With Official Abuse Plaintiffs Committee

DOVER, Del. (AP) — Two years after seeking Chapter 11 protection amid a flood of child sex abuse lawsuits, the Boy Scouts of America has reached a tentative settlement with an official bankruptcy committee representing more of 80,000 men who say they were molested as children by scout leaders and others. The settlement announced Thursday […]

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Editorial: Ending Free Passes to Bankruptcy Court | Editorial

Not so long ago, in malls and malls across the region, shoppers could count on Dress Barns, Lane Bryants, Ann Taylors, Justices and other clothing stores operated by Ascena Retail Group. Five years ago, the retailer operated nearly 5,000 brick-and-mortar locations catering to women, teens and tweens. By 2020, that number had been halved and […]

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Bankruptcy judge converts Loveland Shooting Club bankruptcy to Chapter 7, business closes – Loveland Reporter-Herald

On February 1, a U.S. bankruptcy judge converted the Front Range Gun Club’s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation, and as a result, the gun club at 697 N. Denver Ave. Suite 128 in Loveland has closed. A notice on the company’s website says the business is “closed pursuant to a […]

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Insurers pushed to settle Archdiocese abuse claims

Copyright © 2022 Albuquerque Journal As the Archdiocese of Santa Fe’s bankruptcy reorganization enters its fourth year without resolution, pressure mounts for church insurance companies to pay a larger share of the payout to nearly 400 survivors of child sexual abuse. The archdiocese and plaintiffs alleging abuse by priests and other clergy reached a tentative […]

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Seadrill unit files for bankruptcy 24 hours a day

A unit of offshore driller Seadrill Ltd filed a fast-track reorganization plan in Houston bankruptcy court on Tuesday, where it hopes to seek approval of the proposal on Wednesday. The case comes just months after its parent entity emerged from its own bankruptcy proceedings. This reorganization plan is expected to come into effect early this […]

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The Day – Diocese of Norwich accumulates additional $ 845,000 in legal fees in bankruptcy case

[ad_1] Norwich – Less than two months after a federal judge slammed the Diocese of Norwich for spending more than $ 1 million in legal and financial service fees related to its bankruptcy case, the diocese has racked up an additional $ 845,137 in fees over a recent 10 week period. The July 15 to […]

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UnitedLex and LeClairRyan face trustee lawsuit

[ad_1] A plaque is displayed at the entrance to the US District Bankruptcy Court for the Southern District of New York. REUTERS / Brendan McDermid Bankruptcy Judge Keeps All Chapter 7 Trustee Claims Intact UnitedLex and Gary LeClair face 2018 joint venture allegations, company collapse (Reuters) – A Richmond, Va. Bankruptcy judge gave the Chapter […]

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J&J, Purdue Uproar Spurs House Panel to move bankruptcy review

[ad_1] The House Judiciary Committee voted in favor of a bill to overhaul the corporate bankruptcy system following public outcry over the Purdue Pharma LP and Johnson & Johnson cases. The committee approved the Non-Debtors Discharge Prohibition Act (HR 4777) on a 23-17 vote Wednesday, sending the bill to the House. All Republicans on the […]

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GTT Communications can proceed with a rapid restructuring

[ad_1] A person walks through the United States Bankruptcy Court for the Southern District of New York in Manhattan, New York, United States, August 24, 2020. REUTERS / Andrew Kelly (Reuters) – GTT Communications Inc on Wednesday obtained court approval to proceed with its Chapter 11 fast-track process, which is expected to reduce its debt […]