Purdue Pharma’s quest to settle thousands of lawsuits over the toll of OxyContin and its other prescription opioid painkillers is entering its final phase with the grudging support of most of those who have claims against the company. Nearly two …
Understanding the basics of bankruptcy is crucial as it could be your legal lifeline whether you’re drowning in debt or fighting a legal battle to receive debt payments. Though you can petition the court or seek assistance of an attorney, …
A congressional committee heard grievances Tuesday against the owners of OxyContin maker Purdue Pharma as it considered longshot legislation that would keep them from using a corporate bankruptcy as a shield for personal liability. Rep. Carolyn Maloney called two state …
SAN JUAN, Puerto Rico (AP) — A private company on Tuesday took over the transmission and distribution operations of Puerto Rico’s power authority, which has struggled with blackouts and bankruptcy, corruption and mismanagement. The takeover by Luma Energy under a …
NEW YORK — The billionaire Italian family that until recently owned Brooks Brothers has been accused in a lawsuit of driving the iconic apparel retailer into bankruptcy instead of selling it, to avoid paying millions of dollars to an investor. …
Utility giant PG&E Corp. rejected criminal liability for its role in a 2019 wildfire that burned 78,000 acres in Northern California, arguing that a local prosecutor is twisting state law in an attempt to find the company culpable. Sonoma County …
One phone call with the Department of Justice: $2,300. Two days at the Ritz-Carlton: $830. Oh, and a lengthy cab ride to and from the court in White Plains, New York — that’ll be $1,000. Those are just some of …
DOVER, Del. (AP) — Insurance company The Hartford has agreed to pay $650 million into a proposed trust fund for victims of child sexual abuse as part of the Boy Scouts of America bankruptcy case. In exchange for the payment, …
SAN RAMON, Calif. (AP) — California power regulators are poised to reprimand Pacific Gas & Electric for continuing to neglect its electrical grid that has ignited a series of deadly in Northern California and could order the utility to do …
Chubb’s Federal Insurance Co. must pay more than $2 million to a fabric company that lost 22 trailer loads of merchandise when the Mississippi warehouse company that stored it filed for bankruptcy, sold the goods and pocketed the proceeds. A …