bankruptcy News

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 …

New Orleans Paying to Move Tenants From Dangerous Apartments

NEW ORLEANS (AP) — New Orleans is paying to relocate all remaining residents of a bankrupt apartment complex where people said a landlord’s neglect forced them into unsanitary living conditions with rampant mold, rodents and a broken pipe that spewed …

Boys Scouts Bankruptcy Judge Approves Sale of BSA Warehouse

DOVER, Del. (AP) — The judge presiding over the Boy Scouts of America bankruptcy has approved the organization’s request to sell its warehouse and distribution center in North Carolina for roughly $13.5 million and lease back the property from the …

Future Liability Releases at Center of Boy Scouts Bankruptcy

DOVER, Del. (AP) — Protecting local Boy Scouts of America councils and troop sponsoring organizations from future liability for child sex abuse claims is critical to the national group’s reorganization plan, BSA attorneys told a Delaware bankruptcy judge Tuesday. Attorneys …

Johnson & Johnson Can’t Block Lawsuit Claiming It Lied About Asbestos in Talc

Johnson & Johnson can’t use its baby powder bankruptcy to prevent a lawsuit that accuses the company of hiding evidence that its industrial talc operation exposed workers to the toxic material asbestos, a federal judge ruled. The judge overseeing the …

Closing Arguments Begin in Boy Scouts Bankruptcy Case

DOVER, Del. (AP) — Following a three-week trial, a Delaware judge began hearing closing arguments Wednesday in the Boy Scouts of America bankruptcy case. Judge Laura Selber Silverstein must decide whether to approve a reorganization plan the BSA negotiated over …

Boy Scouts Victims’ Fund Unfair to Insurers, Companies Argue in Court

The Boy Scouts of America’s sexual abuse compensation fund may force insurers to make payments they can’t negotiate over, even if the claims are fraudulent, a group of the companies argued in court. Insurers, including American International Group, Liberty Mutual …

Scouts Reach Deal With Catholic Committee in BSA Bankruptcy

DOVER, Del. (AP) — A committee representing several Catholic entities in the Boy Scouts of America bankruptcy has reached a settlement with the BSA and is withdrawing its objections to its proposed reorganization plan, attorneys told a judge Friday. The …

Trial Set to Consider Approval of Boy Scouts Bankruptcy Plan

DOVER, Del. (AP) — More than two years after the Boy Scouts of America sought bankruptcy protection amid an onslaught of child sex abuse allegations, a judge will determine whether to confirm its proposed reorganization plan in a trial beginning …