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Bankruptcy

A collection of news and information related to Bankruptcy published by this site and its partners.

Top Bankruptcy Articles

Displaying items 67-77
  • Chicago Spire bankruptcy quietly ends. Now what?

    Chicago Spire bankruptcy quietly ends. Now what?
    Some 17 months after the site for the Chicago Spire became entangled in court proceedings, the bankruptcy case has closed. Now what? U.S. Bankruptcy Judge Janet Baer, who on Wednesday formally ended the Chapter 11 bankruptcy of Irish developer Garrett...
  • Ex-workers plead guilty in West Virginia chemical spill case

    Two former employees at Freedom Industries pleaded guilty to a pollution charge Wednesday in last year's chemical spill in West Virginia that fouled a local tap water supply. Ex-Freedom plant manager Michael Burdette and environmental consultant Robert...
  • Yellow Cab files for bankruptcy after $26 million verdict

    Hours after Chicago's Yellow Cab Co. was hit with a $26 million judgment for a lawyer who suffered brain damage in a crash, the company filed for bankruptcy. A Cook County jury awarded $25.9 million to Marc Jacobs, a passenger in a Yellow Cab on Aug. 31,...
  • Caesars Entertainment loses bid to have Delaware suit tossed

    A Delaware judge has refused to dismiss a lawsuit accusing Caesar's Entertainment Corp. of fraudulently transferring assets of its operating subsidiary to shield them from creditors owed more than $3.6 billion. The lawsuit was brought by Wilmington...
  • Upcoming warmth will 'liquidate' Chicago area's snow cover

    The Chicago area has not seen bare ground since the start of the Super Bowl blizzard on the evening of Jan. 31. Now, the city's official snow depth stood at a robust 7 inches Saturday morning in the wake of a record-tying cold February and a very cold...
  • Robert B. Reich: The 'iEverything' and the redistributional imperative

    It's now possible to sell a new product to hundreds of millions of people without needing many, if any, workers to produce or distribute it. At its prime in 1988, Eastman Kodak, the iconic American photography company, had more than 145,000 employees. In...
  • Sony Music to get Nsync, boy band tapes back in Pearlman case

    Sony Music to get Nsync, boy band tapes back in Pearlman case
    Sony Music is finally getting recordings back from bankrutpcy investigators on the 2007 fraud case of disgraced boy band mogul Lou Pearlman. After eight years, Sony has just obtained an agreement in Orlando that should allow the return of hundreds of...
  • 80 years later, how would Atlantic City-based Monopoly look?

    Monopoly is celebrating 80 years of capitalist cunning and dinner-table deals. The board game based on the real-life streets of Atlantic City was "born" on March 19, 1935, when Parker Brothers acquired the rights to it. In the decades since, an...
  • Bankrupt Toll Road operator executives to share $2.5M bonus

    Top executives from the bankrupt operator of the Indiana Toll Road will split $2.45 million in bonuses once an Australian company closes on a $5.72 billion deal to buy the lease-holding business. ITR Concession Co. CEO Fernando Redondo and four other...
  • More layoffs at RadioShack as company prepares for store sale

    FORT WORTH, Texas Another round of layoffs hit RadioShack headquarters in downtown Fort Worth Tuesday as the company prepares for a bankruptcy auction of about half its stores next week. Several dozen people reportedly lost their jobs as the...
  • Caesars dissolves deals with Kansas City Chiefs, others

    A bankruptcy judge has allowed an arm of casino giant Caesars Entertainment Corp. to tear up contracts it had with the Kansas City Chiefs, a hotel in Louisiana and an audio company as it looks to shed millions of dollars of costs. The deals involved...