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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles

Displaying items 34-44
  • Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy

    Elephant Bar closes in Burbank, restaurant's parent company files for bankruptcy
    Downtown Burbank restaurant Elephant Bar quickly and quietly went out of business recently, along with more than a dozen other locations, as its parent company filed for Chapter 11 bankruptcy protection. The restaurant was in business at First Street and...
  • 1st Mariner Bank buyers close on sale

    1st Mariner Bank buyers close on sale
    Investors who tried for years to get a stake in 1st Mariner Bank have closed on their purchase of the Baltimore institution. New CEO Jack E. Steil and president Robert D. Kunisch Jr. said Wednesday that the deal was finalized Tuesday night. The...
  • Social Security disability backlog in Md. among highest in nation

    Social Security disability backlog in Md. among highest in nation
    The Social Security Administration office that reviews disability claims for Central Maryland has the third-longest processing delay in the nation — a backlog that prompted a member of the state's congressional delegation on Monday to call for...
  • Business bankruptcies ebb, but coming wave expected

    Business bankruptcies ebb, but coming wave expected
    Twenty-five U.S. public companies with a combined $56 billion in assets had filed for Chapter 7 and Chapter 11 bankruptcies through May 26, compared with 33 with $21 billion in assets in the same period last year. Skewing the latest numbers was the...
  • First Mariner says stock to be delisted in June

    First Mariner says stock to be delisted in June
    First Mariner Bancorp's days of publicly traded stock are coming to an end. The Baltimore-based company said in a U.S. Securities and Exchange Commission filing Monday that it expects its stock will be delisted from the OTC Bulletin Board as soon as...
  • Speculation builds over sale of American Apparel

    Speculation builds over sale of American Apparel
    Is American Apparel Inc. up for sale? The Los Angeles company's abrupt ouster this week of Chief Executive Dov Charney has sparked intense speculation that it is now a prime takeover target. But those rumors were vehemently dismissed Friday by its...
  • Pilgrim's Pride makes offer to buy Hillshire Brands

    Pilgrim's Pride makes offer to buy Hillshire Brands
    Poultry producer Pilgrim's Pride Corp. has made an unsolicited bid to buy Chicago-based packaged food company Hillshire Brands Co. in a deal valued at nearly $5.7 billion plus debt, the latest shakeup in the food industry. Hillshire said it will review...
  • Ex-Catonsville doctor charged with sexually assaulting patient in Western Md.

    Ex-Catonsville doctor charged with sexually assaulting patient in Western Md.
    The practitioner of a now-closed Catonsville laser surgery center who was convicted of raping a woman at gunpoint in 1987 was indicted by an Allegany County grand jury last week for sexually assaulting a patient behind locked doors. Dr. William Thomas...
  • Charles Tabb, of counsel, Foley & Lardner

     Charles Tabb, of counsel, Foley & Lardner
    Charles Tabb has joined law firm Foley & Lardner's Bankruptcy and Business Reorganizations Practice as of counsel in the Chicago office. Tabb spent 30 years on the faculty of the University of Illinois College of Law, where he holds an endowed chair and...
  • Credit counseling, not draining retirement account, is answer to debt spiral

    By Ilyce Glink and Samuel J. Tamkin Q: My wife and I are in a financial mess. I do not know who to turn to for advice on what we should do. I am a real estate appraiser, and business is down more than 50 percent from last year at this time. So as you can...
  • Psychiatrist among those charged in Towson drug raid

    Psychiatrist among those charged in Towson drug raid
    An addiction rehabilitation psychiatrist with a history of treatment for alcohol and drug abuse was among those charged Wednesday with manufacturing and distributing the drug Ecstasy at a Towson home. Dr. Priscilla W. Sheldon-Cost, 51, and her...