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J&J Talc bankruptcy case: events leading to potential layoff battle

Background Johnson & Johnson’s newly formed subsidiary, LTL Management LLC (“LTL“), filed for bankruptcy in the Western District of North Carolina on Oct. 14, 2021, with the primary purpose of resolving thousands of tort claims (and nearly 40,000 pending lawsuits) related to company talcum powder – LTL’s sole liability. LTL was formed two days before […]

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judge orders new bankruptcy auction for Limetree Bay refinery | New

A Texas Bankruptcy court judge ordered a new auction for the Limetree Bay refinery in an extraordinary decision in an emergency hearing Monday night. Judge David Jones said he had always believed in the sanctity of the auction process “and I’ve never changed that before”. But in the circumstances presented in this case, “I have […]

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Indiana joins others in opposing USA Gymnastics settlement plan

USA Gymnastics filed for Chapter 11 bankruptcy in the U.S. South Indiana Bankruptcy Court in 2018, in a bid to survive hundreds of lawsuits across the country. Lauren Chapman / IPB News Listen to the aired version of this story. The proposed settlement plan that would help USA Gymnastics come out of bankruptcy frees other […]

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Mallinckrodt bankruptcy judge dismisses insurers’ antitrust complaints

A plaque is displayed at the entrance to the US Bankruptcy Court for the Southern District of New York, REUTERS / Brendan McDermid Register now for FREE and unlimited access to reuters.com Register The names of companies and law firms shown above are generated automatically based on the text of the article. We are improving […]

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Watsonville Hospital Corporation initiates bankruptcy proceedings – Santa Cruz Sentinel

WATSONVILLE – Watsonville Community Hospital business owners – including debtor Halsen Healthcare – underwent day one hearing for their Chapter 11 bankruptcy court case according to case rating officer, Stretto. In a statement released by hospital management on Monday afternoon, it was confirmed that the hospital filed voluntary petitions under the Federal Bankruptcy code on […]

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Meridian Mall owners come out of bankruptcy

LANSING, Michigan – The company that owns the Meridian Mall in Okemos is now out of bankruptcy and is looking to reallocate parts of the property as shoppers’ habits change. “We’re looking to add restaurants, entertainment, other uses like hospitality, which means hotels and multi-family homes in certain markets, but it’s really too early to […]

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Sacklers: Billions Raised Through Purdue Pharma, Not Bankruptcy Abuse | Bankruptcy News

When it finally filed for bankruptcy in the face of lawsuits over the opioid epidemic, Purdue Pharma needed the Sacklers’ money to settle the billions of dollars in legal claims. In return, the Sacklers may have demanded protection from lawsuits. Members of the Sackler family said on Monday that the billions of dollars they raised […]

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Colorado bankruptcies drop 26% in November from a year ago

DENVER – Bankruptcy filings in Colorado continued to decline from last year’s figures in November, falling 26.47% from the same period in 2020, with bankruptcy filings also falling in November. Boulder, Broomfield and Larimer counties. Weld County saw an increase in bankruptcy filings during the month. That’s according to a BizWest analysis of US Bankruptcy […]

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Sampdoria president resigns after arrest in bankruptcy case

Published on: 06/12/2021 – 19:34Amended: 06/12/2021 – 19:32 Rome (AFP) – Sampdoria president Massimo Ferrero resigned after his arrest on Monday for alleged involvement in fraudulent bankruptcy cases, Italy’s Serie A club have announced. “We learned with great surprise of the arrest of Massimo Ferrero (…) “It is important to clarify that these questions have […]

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Musk warns SpaceX risks bankruptcy

This site can earn affiliate commissions from the links on this page. Terms of use. Three Raptor engines. (Image: SpaceX)Many SpaceX employees had to work over Thanksgiving weekend to hopefully fix Raptor engine issues that threaten to tip the company into bankruptcy. In a company-wide email acquired by The edge, Explored space, and CNBC, CEO […]