PG&E Corp. said it’s open to a proposal that would let California regulators take greater control of the company if it gets into trouble again, largely conceding to one of Gov. Gavin Newsom’s demands for the utility to exit bankruptcy. …
PG&E Corp. reached a deal with the U.S. Federal Emergency Management Agency over $3.9 billion in relief Washington provided after the utility’s power lines sparked devastating wildfires. The settlement, which requires court approval, calls for FEMA to reduce its claim …
The Diocese of Buffalo, New York, filed for Chapter 11 bankruptcy protection, citing child abuse lawsuits that resulted in financial uncertainty. New York State passed legislation in January 2019 that modified the statute of limitations on child abuse claims, allowing …
California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the company’s power lines in 2017 and 2018. The penalty would be the largest ever imposed by the California Public Utilities …
Mallinckrodt Plc said on Tuesday its specialty generic unit would file for bankruptcy after agreeing to pay $1.6 billion over eight years to settle opioid-related lawsuits globally, sending the drugmaker’s shares up 48%. The settlement was reached with a court-appointed …
The federal judge overseeing PG&E Corp.’s criminal probation lashed out at the company for falling “far behind” on fire safety progress as he considers whether to make the bankrupt California utility owner hire more tree trimmers and restrict how it …
The Boy Scouts of America sought bankruptcy protection to cope with a rising tide of claims tied to sexual abuse of children in its ranks. The group filed in Delaware early Tuesday under Chapter 11 of the U.S. bankruptcy code, …
The estate of Sears Holding Corp. is trying to take back payments it made to vendors – many of them small businesses – more than a year ago as it tries to shore up funds to wrap up its bankruptcy …
Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills. California’s PG&E Corp., which was forced into bankruptcy a year ago after its equipment sparked the deadliest wildfire in state …
NEW YORK — The fate of the largest East Coast oil refinery is set to be decided on Friday in an auction that could determine whether the Philadelphia plant is restarted or used for a different purpose for the first …