Tag: Corporate bankruptcy

Report: Appalachian states face billions in mining cleanup

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LOUISVILLE, Ky. — The cleanup and reclaiming of coal mines in seven Appalachian states will cost billions, and Kentucky and West Virginia have the...

Nordstrom buys minority share in 4 UK fashion brands

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NEW YORK — Nordstrom says it's acquiring a minority interest in four fashion brands owned by a British company called Asos as the department...

Historic Warsaw store, seeking rebirth, hit by pandemic

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WARSAW, Poland — The Jablkowski Brothers Department Store was once a Warsaw landmark that revolutionized shopping and brought goods to a modernizing society in...

Schumer wants NRA investigated for bankruptcy fraud

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NEW YORK — Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud,...

More states agree to settlement plan for opioid-maker Purdue

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More than a dozen states have dropped their longstanding objections to OxyContin maker Purdue Pharma's reorganization plan, edging the company closer to resolving its...

Bankruptcy court OKs Hertz’s reorganization plan

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Hertz will likely emerge from Chapter 11 bankruptcy protection by the end of the month after a bankruptcy court confirmed the reorganization plan for...

AP Interview: State AG pushes accountability in opioid cases

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Massachusetts Attorney General Maura Healey has been a leader in the legal push to hold companies and individuals accountable for the U.S. opioid addiction...

West Virginia gov: Bank deceived family for loan guarantee

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CHARLESTON, W.Va. — In a new court filing, West Virginia Gov. Jim Justice blamed a bankrupt U.K. bank for fraudulently inducing him into personally...

New Mexico official takes aim at oil, gas bond requirements

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ALBUQUERQUE, N.M. — New Mexico‚Äôs financial assurance requirements for oil and gas wells, pipelines and related infrastructure fall far short of what would be...

UK’s fraud agency probes Gupta business links with Greensill

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LONDON — Britain's Serious Fraud Office says it is investigating suspected fraud, fraudulent trading and money laundering within the business empire of Liberty Steel...