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 …
Bankrupt utility giant PG&E Corp. owes a lot of money to a lot of businesses. A tree-trimming service. A California car dealership. A laundromat. Construction contractors galore. Now, hedge funds including Olympus Peak Asset Management LP and Whitebox Advisors LLC …
New Jersey Transit is withholding the growing cost of one of its biggest-ever capital projects, an emergency rail-braking system ordered by Congress. In 2017, the so-called positive train control system had a cost of at least $320 million, more than …
Philadelphia Energy Solutions (PES) filed for Chapter 11 bankruptcy protection, the company said on Monday, its second such filing in less than two years, after a fire last month prompted it to close the largest refinery on the U.S. East …
Texas Brine Co. has moved contractors working on the Bayou Corne-area sinkhole into three homes the company purchased from residents who left after the failure of a company-operated salt dome cavern. Texas Brine spokesman Sonny Cranch tells The Advocate two …
North Dakota State University is suing three Fargo contractors over the 2009 collapse of an academic building. The Forum newspaper reports that the complaint accuses JLG Architects, Heyer Engineering and Northern Technologies Inc. of breach of contract and negligence for …
Honolulu, Hawaii’s rail authority is considering ditching an insurance program that was supposed to save the city $20 million. The program would have covered contractors working on the planned 20-mile rail line. The interim director of the Honolulu Authority for …
A midlevel New York court says the township that owns and operates a dam shares liability with its contractors for its 2005 collapse. A Washington County jury last year found a construction company and design firm mostly at fault for …
The U.S. offshore drilling regulator Wednesday formally issued sanctions against BP and the major contractors involved in the 2010 explosion on the Deepwater Horizon rig that killed 11 workers and spewed more than 4 million barrels of oil into the …
The state has begun issuing fines to contractors, painters and landlords if they don’t take proper precautions before working on walls, windows or doors covered with lead paint. The Des Moines Register reported Tuesday that state regulations have been in …