PG&E Strikes Deal With FEMA Over $3.9 Billion in Fire Claims March 11, 2020 By Mark Chediak and Steven Church PG&E Corp. reached a deal with the U.S. Federal Emergency Management Agency over $3.9 billion in relief Washington provided after...
Child Abuse Claims Lead Buffalo Diocese into Bankruptcy February 28, 2020 By Olivia Rockeman The Diocese of Buffalo, New York, filed for Chapter 11 bankruptcy protection, citing child abuse lawsuits that resulted in financial...
PG&E Faces Record Fine of $2.1 Billion for Role in Wildfires February 28, 2020 By Mark Chediak California regulators increased penalties against PG&E Corp. to $2.1 billion for violations tied to the catastrophic wildfires ignited by the...
Mallinckrodt Agrees to $1.6 Billion Opioid Settlement, Unit to File Chapter 11 February 25, 2020 By Saumya Joseph Mallinckrodt Plc said on Tuesday its specialty generic unit would file for bankruptcy after agreeing to pay $1.6 billion over...
PG&E Judge Says Bankrupt Utility Violated Probation Terms February 20, 2020 By Joel Rosenblatt The federal judge overseeing PG&E Corp.’s criminal probation lashed out at the company for falling “far behind” on fire safety...
Sex Abuse Claims Drive Boy Scouts of America to Bankruptcy February 18, 2020 By Rick Green The Boy Scouts of America sought bankruptcy protection to cope with a rising tide of claims tied to sexual abuse...
Small Businesses Caught in Crosshairs of Sears Bankruptcy February 12, 2020 By Olivia Raimonde The estate of Sears Holding Corp. is trying to take back payments it made to vendors – many of them...
Traditional Ways of Paying for Fires and Floods Aren’t Cutting It February 11, 2020 By Will Wade and Mark Chediak Fires and floods are sending some of the nation’s largest utilities to the bond market to cover huge, unexpected bills....
Fire-Damaged Philadelphia Oil Refinery Heads for Auction January 17, 2020 By Laila Kearney NEW YORK — The fate of the largest East Coast oil refinery is set to be decided on Friday in...
PG&E Judge Demands Details on Potential Wildfire Payout Conflict January 16, 2020 By Steven Church Time is running out for PG&E Corp. to end the biggest-ever U.S. utility bankruptcy, so the company must set reorganization...