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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 67-77
  • $100M meningitis settlement filed in federal court

    $100M meningitis settlement filed in federal court
    A settlement was filed in bankruptcy court Tuesday that could provide $100 million as early as next year to victims of a nationwide meningitis outbreak linked to tainted steroid injections, lawyers said. New England Compounding Center, its owners,...
  • Family of slain doctor gets millions from suspected killer

    Family of slain doctor gets millions from suspected killer
    An accused murderer has handed over his life's savings and millions of dollars from liquidated real estate holdings as part of a settlement with the family of a Newport Beach doctor he allegedly shot to death in January of last year. The agreement...
  • Fungal meningitis victims to receive money from $100-million fund

    Fungal meningitis victims to receive money from $100-million fund
    Victims of a fungal meningitis outbreak traced to a tainted steroid produced by a Massachusetts compounding pharmacy will be compensated from a $100-million fund created as part of the legal settlement stemming from the 2012 incident. The settlement was...
  • Rauner 'comfortable' with nursing home bankruptcy court setback

    Rauner 'comfortable' with nursing home bankruptcy court setback
    Republican governor challenger Bruce Rauner today said he’s “very comfortable” that a federal bankruptcy judge is letting a case proceed in which it is alleged the candidate’s longtime equity investment firm improperly handled...
  • Quinn, Rauner poke at each other's soft spots

    Quinn, Rauner poke at each other's soft spots
    SPRINGFIELD — Democratic Gov. Pat Quinn and Republican challenger Bruce Rauner spent Wednesday poking at the other guy’s political weak spot. For Rauner, that meant bringing up the Cook County, legislative and federal inquiries into a Quinn...
  • A bid to lower manufacturers' energy bills

    A bid to lower manufacturers' energy bills
    No one needs to convince the people running Green Bay Packaging's box-making plant in Hunt Valley that energy efficiency pays off. The last time they got assistance making nips and tucks to their process, they lowered electricity use 1 percent even as...
  • Bidders battle over 1st Mariner Bank

    Bidders battle over 1st Mariner Bank
    An all-out battle over Baltimore's last major independent bank broke out Monday in federal bankruptcy court, leaving a judge to decide — potentially later this week — whether the institution is sold to an investment group with local ties or to...
  • Detroit reaches pension deal with retired police, firefighters

    Detroit reaches pension deal with retired police, firefighters
    Detroit, fighting its way through the largest public bankruptcy in U.S. history, has reached an agreement that preserves current pensions but cuts cost-of-living payments for retired police and firefighters. The agreement, announced Tuesday, is the...
  • Group with local ties wins battle to buy 1st Mariner

    Group with local ties wins battle to buy 1st Mariner
    In a surprising reversal, last week's losing bidder for 1st Mariner Bank got approval Tuesday to buy it — preserving the city's largest independent bank as a Baltimore-based institution. The group of investors, a mix of locals and out-of-state...
  • Colonial Realty's Founders Bilked Nearly 7,000 Investors

    Colonial Realty's Founders Bilked Nearly 7,000 Investors
    Bernard Madoff's investor fraud took the Ponzi scheme to a new level, but it wasn't so long ago that Connecticut had its own infamous fraud case tied to some of Hartford's most well-known real estate: Colonial Realty Co. And in the two decades since...
  • Brevard oncologist loses $89M Medicare fraud judgment

    Brevard oncologist loses $89M Medicare fraud judgment
    A Brevard County doctor, Wasfi Makar, was hit with an $89 million judgment on Wednesday in a whistleblower Medicare fraud case. For almost 20 years, Makar ran the American Cancer Treatment Centers in Rockledge and Titusville, which are now apparently...