bankruptcy plan News

PG&E Won’t Make Victims of Deadly Fire Pay Its Criminal Fine

PG&E Corp. won’t tap a fund for wildfire victims to pay $4 million in fines and expenses for involuntary manslaughter, avoiding a possible hurdle to its exit from bankruptcy. Insurers with claims against PG&E in bankruptcy agreed to wait 15 …

Sale of Philadelphia Refinery Nears; Foes Vow Long Legal Fight

NEW YORK — Opponents of Philadelphia Energy Solutions’ bankruptcy plan have vowed a long legal fight if a federal court this week approves a sale that would keep the largest East Coast oil refinery permanently shut while paying out bonuses …

Garlock Creditors Oppose Bankruptcy Asbestos Plan Proposal

The official committee representing creditors with asbestos claims against Garlock Sealing Technologies LLC will urge its constituents to vote against the company‚Äôs reorganization plan, even though Garlock said it pays claimants in full. The official representative of future asbestos claimants, …