assets News

Judge Freezes Alex Murdaugh’s Money as Lawsuits Grow

CHESTERFIELD, S.C. (AP) — A judge Tuesday ordered independent representatives to take over the finances of a prominent South Carolina lawyer whose wife and son were killed five months ago and has since found himself part of a half-dozen state …

Judge Hears Arguments on Who Should Control Murdaugh’s Money

CHESTERFIELD, S.C. (AP) — A South Carolina lawyer involved in a half-dozen state police investigations has been cagey about his assets and should have to hand over control of his money to independent representatives so that he does not engage …

Chasing Yield, U.S. Private Equity Firms Nudge Up Risk on Insurers

NEW YORK — Private equity firms have spent nearly $40 billion buying U.S. insurance companies in recent years, promising to earn higher returns on the mountains of money that insurers set aside to pay policyholders years or decades from now. …

Abuse Victims Win Right to Sue for $245 Million of Church Assets

The federal judge overseeing the bankruptcy of the Archdiocese of Santa Fe granted a motion to allow lawyers representing a group of victims of clergy abuse to pursue over $245 million of church assets for their clients. The Archdiocese of …

Viewpoint: Will Purdue’s Bankruptcy Engulf Its Owners?

The bankruptcy of Purdue Pharma LP lays bare a distinction that the internet is making it more and more difficult to maintain: that between a company and the people who own or founded it. The Sackler family owns Purdue Pharma, …

Kentucky Treasury Looking for Owners of Unclaimed Property

Kentucky officials are heading to Louisville this week to try to find the owners of unclaimed property potentially worth $69 million. State Treasurer Todd Hollenbach’s office says each year the Treasury receives millions of dollars from holders such as banks …