Corporate bankruptcy

Senate Majority Leader Mitch McConnell of Ky., second from right, speaks to reporters on Capitol Hill in Washington, Tuesday, Nov. 5, 2019. He is joined by, from left, Sen. John Barrasso, R-Wyo., Sen. John Thune, R-S.D., and Sen. Roy Blunt, R-Mo. (AP Photo/Susan Walsh)
November 06, 2019 - 12:32 pm
CHARLESTON, W.Va. (AP) — Senate Majority Leader Mitch McConnell is co-sponsoring a bill with West Virginia's two U.S. senators and others aimed at preserving the pensions of about 92,000 retired coal miners, as well as the health-care benefits of another 13,000 working miners. Democrat Joe Manchin...
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November 06, 2019 - 11:19 am
State attorneys general with pending lawsuits against OxyContin maker Purdue Pharma and its owners will ask a federal bankruptcy judge Wednesday to give them more time to continue negotiating. A temporary freeze on their lawsuits expires this week, when the judge is to decide whether to halt them...
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California Gov. Gavin Newsom announces the appointment of Ana Matosantos, right, as California's "energy czar" on Friday, Nov. 1, 2019, in Sacramento, California. Newsom announced Friday he was calling a meeting of Pacific Gas & Electric's executives, shareholders and creditors to resolve the utility's bankruptcy before next year's fire season. PG&E has cut off power to millions of Californians in recent weeks in an attempt to prevent wildfires started by its equipment. If a resolution can't be reached, Newsom said the state will intervene. (AP photo/Adam Beam)
November 01, 2019 - 5:11 pm
SACRAMENTO, Calif. (AP) — California's governor on Friday threatened a possible takeover of the troubled utility blamed for sparking deadly wildfires across the state with its outdated equipment unless it can emerge from bankruptcy ahead of next year's wildfire season with a plan focused on safety...
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FILE - In this Aug. 20, 2007, file photo Robert Murray, founder and chairman of Cleveland-based Murray Energy Corp., arrives at a news conference at the entrance to the Crandall Canyon Mine, in northwest of Huntington, Utah. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, Oct. 29, 2019. Former CEO Robert Murray said the move was necessary to access liquidity and best position the company for long-term success. (AP Photo/Jae C. Hong, File)
October 29, 2019 - 10:46 am
CHARLESTON, W.Va. (AP) — A major U.S. coal mining company is seeking bankruptcy protection, despite a flurry of regulatory breaks that its CEO pushed for — and received — from the Trump administration. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, joining a...
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FILE - In this March 28, 2017, file photo, a dump truck hauls coal at Contura Energy's Eagle Butte Mine near Gillette, Wyo. Tennessee-based Contura Energy announced Monday, Oct. 21, 2019, that Blackjewel closed Friday on the sale of the Eagle Butte and Belle Ayr mines to a subsidiary of Alabama-based FM Coal. (AP Photo/Mead Gruver, File)
October 24, 2019 - 11:52 am
ABINGDON, Va. (AP) — Coal miners who blocked train tracks in Kentucky demanding to get paid for the coal they mined will benefit from a federal deal with the bankrupt company. Agreements filed in U.S. District Court this week will pay out nearly $5.5 million in back pay to miners from Blackjewel...
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James Cooke is shown buying water bottles along with propane tanks and batteries at a ACE Hardware store as he prepares for a possible power shutdown in Los Gatos, Calif., on Tuesday, Oct. 8, 2019. Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. (Anda Chu/San Jose Mercury News via AP)
October 08, 2019 - 7:04 pm
SAN FRANCISCO (AP) — Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. PG...
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FILE - In this Sept. 12, 2019, file photo, cars pass Purdue Pharma headquarters in Stamford, Conn. How much members of the Sackler family should be held accountable for the role their company, Purdue Pharma, played in the nation’s opioid crisis will be at the center of a hearing in federal bankruptcy court. State attorneys general who are pressing separate state claims against the Sacklers want their cases to continue even as Purdue’s bankruptcy case plays out. They will make that argument on Friday, Oct. 11, 2019 before a bankruptcy judge in White Plains, New York. (AP Photo/Frank Franklin II, File)
October 04, 2019 - 2:26 pm
Attorneys general representing nearly half the states and lawyers for more than 500 local governments on Friday blasted the terms of Purdue Pharma's offer to settle thousands of lawsuits over the nation's opioid crisis in court filings that also said the company had funneled up to $13 billion to...
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October 02, 2019 - 4:22 pm
Local government lawsuits against the family that owns Purdue Pharma should be allowed to proceed even as the company attempts to reach a nationwide settlement in bankruptcy court over the toll of the opioids crisis, according to a court filing on Wednesday. The filing by 19 cities and towns in...
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A Forever 21 store is shown, Monday, Sept. 30, 2019, in Aventura, Fla. The low-price fashion chain, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. (AP Photo/Wilfredo Lee)
AP News
September 30, 2019 - 1:31 pm
NEW YORK (AP) — For years, teens flocked to Forever 21's massive stores at the nation's malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize so-called fast fashion has moved too slow for a new generation of young customers. The...
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A passenger walks past a closed Thomas Cook office at Palma de Mallorca airport on Monday, Sept. 23, 2019. Spain's airport operator AENA says that 46 flights have been affected by the collapse of the British tour company Thomas Cook, mostly in the Spanish Balearic and Canary archipelagos. (AP Photo/Francisco Ubilla)
September 25, 2019 - 4:51 am
FRANKFURT, Germany (AP) — The German and Polish units of collapsed tour operator Thomas Cook said Wednesday they were entering bankruptcy proceedings and shutting down normal business operations in the wake of the parent company entering liquidation in Britain. Germany's Thomas Cook said it was...
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