A federal bankruptcy judge has approved a Chapter 11 plan for the Roman Catholic Diocese of Rockville Centre, New York that includes a $320 million fund to compensate victims of clergy sexual abuse and settles insurance issues. Judge Martin Glenn …
BALTIMORE (AP) — The Archdiocese of Baltimore announced Friday it filed for Chapter 11 bankruptcy reorganization days before a new state law goes into effect removing the statute of limitations on child sex abuse claims and allowing victims to sue …
Hollywood producer Harvey Weinstein’s rape conviction landed him in prison. Allegations of serial sexual abuse cost him his career and his movie studio. His company went bankrupt and later settled legal claims by about 50 women. But one group of …
Johnson & Johnson can use the bankruptcy system to resolve multibillion-dollar litigation claiming its talc products cause cancer, a U.S. judge ruled on Friday, signing off on a legal maneuver that enables the company to avoid fighting more than 38,000 …
The largest power generation and transmission cooperative in Texas filed for bankruptcy in the wake of power outages that caused an energy crisis during the winter freeze last month. Brazos Electric Power Cooperative filed for Chapter 11 in Texas after …
ALBUQUERQUE, N.M. — An attorney for the Archdiocese of Santa Fe has claimed that alleged victims of clergy sexual abuse and their lawyers are seeking to eliminate the archdiocese in New Mexico by asking about the church’s holdings. Tom Walker, …
PG&E Corp said its Chapter 11 reorganization plan has been confirmed by the United States Bankruptcy Court for the Northern District of California, bringing the power provider one step closer to emerging from bankruptcy and participate in a state-backed wildfire …
PG&E Corp said on Thursday its Chapter 11 reorganization plan has been confirmed by a California power regulator, bringing the power provider one step closer to emerge from bankruptcy and participate in a state-backed wildfire fund. The decision by the …
The judge overseeing PG&E Corp.’s bankruptcy rejected an effort by dissident fire victims to upend voting on the California utility’s reorganization plan. Judge Dennis Montali said during a hearing Friday that he planned to deny a motion asking to throw …
PG&E Corp.’s glide toward approval of its bankruptcy plan has hit new turbulence, with lawyers for fire victims clashing over whether to push for a better settlement because the risk of being compensated with stock has ballooned. Attorneys for the …