bankruptcy News

Boy Scouts, Catholic Dioceses Find Haven from Sex Abuse Suits in Bankruptcy

Lawmakers around the United States have tried to grant justice to victims of decades-old incidents of child sexual abuse by giving them extra time to file lawsuits. Now some of the defendants in these cases, including church and youth organizations, …

Rochester Diocese $55M Sex Abuse Settlement Does Not Include Insurance Amount

The Roman Catholic Diocese of Rochester will pay $55 million to survivors of sexual abuse committed by clergy members under a settlement announced by Rochester Bishop Salvatore Matano last week. The $55 million from the upstate New York diocese, its …

California’s Mosquito Fire to Cost Utility PG&E $100 Million

PG&E Corp. recorded a $100 million third-quarter charge for a California wildfire that its equipment may have sparked last month in the Sierra Nevada mountains. California’s biggest utility said the costs of the Mosquito Fire should be largely offset by …

E. Washington Rancher Sentenced for ‘Ghost Cattle’ Fraud

SPOKANE, Wash. (AP) — An eastern Washington rancher has been sentenced to 11 years in prison by a federal judge for a massive “ghost cattle” scam that defrauded Tyson Foods and another company out of more than $244 million. Cody …

PG&E Officials Reach $117M Settlement over California Wildfires

A $117 million settlement has been reached with former PG&E Corp PCG.N executives and directors who were accused in alawsuit of lax oversight of the utility’s safety measures prior to the 2017 North Bay and 2018 Camp fires, two of …

Spain’s Abengoa Wins Dismissal of US Shareholder Lawsuit Alleging Fraud

NEW YORK —A US judge on Tuesday dismissed a lawsuit by Abengoa SA shareholders accusing the Spanish engineering and energy company of conducting a massive accounting fraud between 2013 and 2015 that masked a liquidity crisis and culminated in bankruptcy. …

3M Combat Earplug Lawsuits to Proceed, Judge Rules, Despite Bankruptcy Case

3M Co. must face more than 230,000 lawsuits accusing it of selling defective earplugs to the U.S. military, after a U.S. judge on Friday ruled that the bankruptcy of a subsidiary did not stop lawsuits against the non-bankrupt parent company. …

Ruling Leaves Questions About Boy Scouts Bankruptcy Plan

DOVER, Del. (AP) — A Delaware bankruptcy judge has approved parts of the Boy Scouts of America’s reorganization plan but has rejected other provisions, saying in a ruling Friday that the organization has “decisions to make” regarding the plan. Judge …

Hertz Makes Settlement Offers to End False Arrest Lawsuits

Hertz Corp. has offered to settle about three dozen cases filed by renters that say they were wrongly arrested for auto theft, the company said.The settlement push comes after Colleen Batcheler took over as general counsel for the rental company. …

Special Report: How a Bankruptcy ‘Innovation’ Halted Thousands of Lawsuits

Attorney Greg Gordon sat before a packed hotel ballroom of bankruptcy lawyers who had come to hear him hold court on his pioneering strategy for companies seeking to dodge billion-dollar lawsuits: the “Texas two-step.” The tactic has made the Jones …