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 …
ALBUQUERQUE, N.M. — An attorney for the Archdiocese of Santa Fe has claimed that alleged victims of clergy sexual abuse and their lawyers are seeking to eliminate the archdiocese in New Mexico by asking about the church’s holdings. Tom Walker, …
NEW YORK — Purdue Pharma LP agreed to plead guilty to criminal charges over the handling of its addictive prescription opioid OxyContin, in a deal with U.S. prosecutors that effectively sidestepped paying billions of dollars in penalties and stopped short …
Market turmoil from the coronavirus is spilling into the bankruptcy of California power giant PG&E Corp. Victims of wildfires blamed on PG&E’s equipment are concerned the sell-off on Wall Street could hobble stock payments that make up half of a …
The deepening coronavirus crisis has shifted nearly all attention away from what had been one of California’s most pressing issues: the fate of embattled utility PG&E Corp. Now, the company is quietly edging closer to exiting the largest utility bankruptcy …
PG&E Corp. won bankruptcy court approval to use up to $23 billion in financing after California Governor Gavin Newsom dropped his opposition, clearing a crucial obstacle to the power company’s push to exit Chapter 11. U.S. Bankruptcy Judge Dennis Montali …
PG&E Corp. is nearing a deal with a group of bondholders led by Pacific Investment Management Co. and Elliott Management Corp. that would entitle them to a mix of equity and new debt if they scrap their rival restructuring plan, …
A clause that would allow California to take over bankrupt utility giant PG&E Corp. under certain circumstances has emerged as a big sticking point in negotiations between the company and Governor Gavin Newsom. Newsom wants the power company to include …
Bankrupt utility giant PG&E Corp. has removed a requirement that California Governor Gavin Newsom sign off on its settlement with wildfire victims, trying to buy more time for its restructuring plan. PG&E reached an agreement Monday with representatives of the …
Penn National Insurance named Robert Brandon executive vice president and chief operating officer, responsible for the insurance operations of the company. Brandon’s promotion becomes effective Dec. 31., when Christine Sears, executive vice president and COO, who was named president and …