Corporate bankruptcy

PGE Truck
AP News
February 11, 2020 - 2:39 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric's plan to emerge from bankruptcy faced another threat from California Gov. Gavin Newsom during a Tuesday court hearing that set the stage for a potentially dramatic showdown later this month. Newsom's lawyers told U.S. Bankruptcy Judge Dennis Montali...
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February 04, 2020 - 11:21 am
SAN FRANCISCO (AP) — A federal judge on Tuesday approved a settlement that moves Pacific Gas & Electric closer to getting out of bankruptcy, but the troubled utility still must navigate nettlesome obstacles being put up by the state of California. U.S. Bankruptcy Judge Dennis Montali signed off...
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FILE - In this Jan. 22, 2020, file photo a store front is closed below an Express retail clothing store in Valley West Mall in West Des Moines, Iowa. On Tuesday, Jan. 28, the Conference Board reports on U.S. consumer confidence for January. (AP Photo/Andrew Harnik, File)
February 03, 2020 - 6:33 am
A consortium of buyers, including mall owners Simon Property Group and Brookfield Property Partners, is bidding $81 million for Forever 21, the ubiquitous mall staple that filed for bankruptcy protection in September. Simon and Brookfield are Forever 21's biggest landlords. The other bidder is...
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FILE - This Nov. 1, 2019, file photo shows flames from a backfire on a hillside as firefighters battle the Maria Fire in Santa Paula, Calif. California Gov. Gavin Newsom is urging a federal judge to reject Pacific Gas and Electric's blueprint for getting out of bankruptcy and renewing his threat to lead a bid to turn the beleaguered utility into a government-run operation. PG&E is trying to dig out of a financial hole created by more than $50 billion in claims stemming from a series of catastrophic wildfires that have been blamed on the San Francisco company. (AP Photo/Noah Berger, File)
AP News
January 29, 2020 - 6:12 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric attorneys on Wednesday assured a federal judge the utility will emerge from bankruptcy by its June deadline, even as California Gov. Gavin Newsom vowed to follow through on his threat to have the state take over the nation's largest utility. The...
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ADDS DATE AND LOCATION - This Sept. 29, 2018, photo provided by Garrett Hade shows shows Hade at Recovery Fest in Pawtucket, R.I., hosted by the Above The Noise Foundation. Hade said he has been sober for nearly five years after a long odyssey through addiction that began with OxyContin when he was a teenager in Florida. As an organizer with the Recovery Advocacy Project, Hade said he's telling people that they'll be able to make claims against Purdue Pharma. (Garrett Hade via AP)
January 24, 2020 - 1:37 pm
State and local governments have been leading the legal fight against the opioid industry, seeking payouts to help them deal with the fallout from the nation's addiction crisis. Average Americans are about to get their shot. On Friday, the federal judge overseeing the bankruptcy case of Purdue...
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FILE - This June 25, 2017 file, photo shows TK Holdings Inc. headquarters in Auburn Hills, Mich. Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel. The recall is the last one the bankrupt company agreed to in a 2015 settlement with U.S. safety regulators. It could bring to a close the largest series of recalls in U.S. history. (AP Photo/Paul Sancya, File)
January 08, 2020 - 5:43 am
DETROIT (AP) — Takata is recalling 10 million more front air bag inflators sold to 14 different automakers because they can explode with too much force and hurl shrapnel. The recall is the last one the bankrupt company agreed to in a 2015 settlement with the U.S. safety regulators. It could bring...
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December 16, 2019 - 5:51 pm
The wealthy owners of OxyContin maker Purdue Pharma started taking far more money out of the company after it was fined for misleading marketing of the powerful prescription painkiller. A court filing made by the company Monday evening shows Purdue made payments for the benefit of members of the...
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Protesters block traffic on Beale Street where a Pacific Gas & Electric building is located in San Francisco, Monday, Dec. 16, 2019. Pacific Gas & Electric will have to quickly reshuffle its board of directors and redraw a complex plan addressing more than $50 billion in potential wildfire claims to gain Gov. Gavin Newsom's support in time to meet a fast-approaching deadline to emerge from bankruptcy protection. (AP Photo/Jeff Chiu)
December 16, 2019 - 4:27 pm
SAN FRANCISCO (AP) — Pacific Gas & Electric Co. will have to quickly overhaul a complex plan addressing more than $50 billion in wildfire claims to gain California Gov. Gavin Newsom's support in time to meet a make-or-break deadline for getting out of bankruptcy. That sobering reality hit PG...
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FILE - In this Oct. 10, 2019, file photo, a Pacific Gas & Electric sign is shown outside of a PG&E building in San Francisco. Pacific Gas and Electric says it has reached a $13.5 billion settlement that will resolve all major claims related to devastating wildfires blamed on its outdated equipment and negligence. The settlement, which the utility says was reached Friday, Dec. 6, 2019, still requires court approval. (AP Photo/Jeff Chiu)
December 09, 2019 - 2:19 pm
SAN FRANCISCO (AP) — PG&E's stock surged Monday after the utility reached a tentative $13.5 billion settlement resolving all major claims related to the Northern California wildfires of 2017 and 2018. The fires were blamed on Pacific Gas and Electric's outdated equipment and negligence. The...
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Democratic presidential hopeful Elizabeth Warren speaks during a town hall, Sunday, Dec. 8, 2019, in Charleston, S.C. (AP Photo/Meg Kinnard)
December 08, 2019 - 6:01 pm
WASHINGTON (AP) — Elizabeth Warren was paid nearly $2 million for legal work stretching back three decades, her campaign disclosed Sunday night, amid calls from a top Democratic presidential rival that the Massachusetts senator should be more forthcoming about what she earned from past corporate...
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