Corporate bankruptcy

FILE - In this May 15, 2017 file photo, Frontier Airlines jetliners sit at gates at Denver International Airport. The union representing Frontier Airlines flight attendants says they have reached a tentative contract deal with the Denver-based budget carrier. The Association of Flight Attendants-CWA said both sides agreed to terms for the contract Tuesday, March 19, 2019, but the language still needs to be finalized and approved by the flight attendants' elected union leaders. The union says the deal includes significant pay increases, schedule flexibility, quality of life enhancements and other benefits. (AP Photo/David Zalubowski, File)
March 20, 2019 - 4:40 pm
DENVER (AP) — Frontier Airlines flight attendants have reached a tentative contract deal with the Denver-based budget carrier to replace an agreement negotiated while the company was bankruptcy nearly a decade ago. Both sides agreed to terms for the contract Tuesday, leading the union to call off a...
Read More
FILE - In this Thursday, Dec. 14, 2017, file photo provided by the Santa Barbara County Fire Department, shows flames from a back firing operation underway rise behind a home off Ladera Ln near Bella Vista Drive in Santa Barbara, Calif. An investigation has determined that one of the largest and most destructive fires in California history was sparked by power lines coming into contact during high winds. The Ventura County Fire Department says Wednesday that the contact ignited dry brush on December 4, 2017 and eventually blackened more than 440 square miles (1,139 square kilometers). The Thomas fire destroyed more than a thousand structures in Ventura and Santa Barbara counties and resulted in the deaths of two people. (Mike Eliason/Santa Barbara County Fire Department via AP,File)
March 13, 2019 - 6:12 pm
LOS ANGELES (AP) — One of the largest fires in California history was sparked by Southern California Edison power lines that came into contact during high winds, investigators said Wednesday. The resulting arc ignited dry brush on Dec. 4, 2017, starting the blaze in Ventura and Santa Barbara...
Read More
March 13, 2019 - 4:35 pm
The company that has made billions selling the prescription painkiller OxyContin says it is considering bankruptcy as one of several possible legal options. Connecticut-based Purdue Pharma's statement comes as the first trial date nears in hundreds of lawsuits aiming to hold the company and others...
Read More
FILE- In this Jan. 8, 2019, file photo an American flag flies above a Sears store in Hackensack, N.J. A bankruptcy judge has blessed a $5.2 billion plan by Sears chairman and biggest shareholder Eddie Lampert to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. (AP Photo/Seth Wenig, File)
February 07, 2019 - 6:53 pm
NEW YORK (AP) — A bankruptcy judge on Thursday blessed a $5.2 billion plan by Sears chairman and biggest shareholder to keep the iconic business going. The approval means roughly 425 stores and 45,000 jobs will be preserved. Eddie Lampert's bid through an affiliate of his ESL hedge fund overcame...
Read More
FILE - In this Nov. 22, 2017 file photo, former gymnast Rachael Denhollander speaks about former sports doctor Larry Nassar in Lansing, Mich. Denhollander, the first woman to publicly accuse now-imprisoned sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer during a creditors' meeting two months after the embattled sport organization filed a Chapter 11 bankruptcy petition. (AP Photo/Paul Sancya, File)
February 07, 2019 - 2:24 pm
INDIANAPOLIS (AP) — The first woman to publicly accuse sports doctor Larry Nassar of sexual abuse is expected to question USA Gymnastics' chief financial officer in bankruptcy court. Attorney John Manly says Rachael Denhollander will question Scott Shollenbarger about the Indianapolis-based group's...
Read More
FILE - In this file photo dated Friday, Dec. 28, 2018, people pass a CD music and entertainment retailer HMV shop in London. HMV has been acquired out of administration by Canadian retailer Sunrise Records, it is announced Tuesday Feb. 5, 2019, safeguarding the future of nearly 1,500 staff, although it is understood that some unprofitable stores will close with immediate effect. (AP Photo/Frank Augstein, FILE)
February 05, 2019 - 5:41 am
LONDON (AP) — Canadian retailer Sunrise Records is pulling stricken retailer HMV out of bankruptcy in a deal that will safeguard some 1,500 jobs. However administrator KPMG says 27 stores will close immediately, resulting in a loss of 455 jobs. The move comes amid extreme pressure on physical...
Read More
A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif., Friday, Feb. 1, 2019. Pacific Gas & Electric Co. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money, more than $5 million, was spent lobbying on proposals around wildfire safety and response, including a discussion on whether to reduce the strict liability utilities face when their equipment sparks wildfires. (AP Photo/Jeff Chiu)
February 01, 2019 - 6:47 pm
SACRAMENTO, Calif. (AP) — Pacific Gas & Electric Corp. spent nearly $10 million on California lobbying efforts in the year before the utility giant declared bankruptcy, spending more than any other entity seeking to influence California government in 2018. The majority of that money — more than...
Read More
Amanda Riddle, an attorney representing wildfire victims, speaks with a reporter outside of a Federal Courthouse in San Francisco, Tuesday, Jan. 29, 2019. Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to fire victims. (AP Photo/Jeff Chiu)
January 29, 2019 - 7:44 pm
SAN FRANCISCO (AP) — Faced with potentially ruinous lawsuits over California's recent wildfires, Pacific Gas & Electric Corp. filed for bankruptcy protection Tuesday in a move that could lead to higher bills for customers of the nation's biggest utility and reduce the size of any payouts to...
Read More
FILE - In this Oct. 14, 2017, file photo, the Tubbs wildfire burns behind a winery in Santa Rosa, Calif. A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a deadly wildfire in Northern California wine country could complicate the utility's plans to file for bankruptcy. State investigators said Thursday, Jan. 24, 2019, the 2017 blaze that killed multiple people and destroyed more than 5,600 structures in Sonoma and Napa counties was caused by a private electrical system. (AP Photo/Jae C. Hong, File)
January 25, 2019 - 2:04 am
SACRAMENTO, Calif. (AP) — A state fire investigation's conclusion that Pacific Gas & Electric Corp. equipment was not to blame for a 2017 wildfire that killed 22 people in Northern California wine country could hamper lawsuits by victims of the blaze and complicate the utility's plans to file...
Read More
Consumer advocate Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, stands with wildfire victims and speaks outside the state Capitol Tuesday, Jan. 22, 2019, in Sacramento, Calif. Brockovich is urging California lawmakers not to let PG&E go bankrupt because it might mean less money for wildfire victims. (AP Photo/Kathleen Ronayne)
January 22, 2019 - 8:35 pm
SACRAMENTO, Calif. (AP) — Consumer activist Erin Brockovich, who famously took on Pacific Gas & Electric Co. in the 1990s, urged California lawmakers Tuesday not to let the utility go bankrupt because it could mean less money for wildfire victims. "I'm mad, I think we should all be mad,"...
Read More

Pages