Search Results for: Chapter 11 bankruptcy

The Boy Scouts of America (BSA) filed for chapter 11 bankruptcy in a Delaware federal district court Tuesday. The bankruptcy filing comes after recent sexual abuse allegations against BSA members. In January Abused in Scouting, a group dedicated to seeking relief for sexual abuse victims previously in the Boy Scouts, filed a suit against the [...]

The US Supreme Court heard arguments Tuesday in cases concerning how courts should determine the ownership of tax refunds paid to affiliated corporate groups and whether federal law preempts state law claims for the cleanup of hazardous waste beyond what the US Department of Environmental Protection (EPA) has ordered. The first case, Rodriguez v. FDIC, [...]

The US Supreme Court heard oral arguments Wednesday in cases concerning race discrimination in contracting and bankruptcy. The first involves whether a plaintiff must show in its pleadings that the defendant’s action would not have been taken but for the alleged discrimination. And the second will decide whether an order denying a creditor’s motion to [...]

The nation’s biggest private coal mining company, Murray Energy Holdings Co., and 98 affiliated debtors on Tuesday filed voluntary petitions for Chapter 11 Bankruptcy with the Southern District of Ohio, Western Division. The company had entered into forbearance agreements on October 2 to hold outstanding loans under Superpriority Credit and Guaranty Agreement, with the forbearance [...]

Federal lawmakers on Thursday proposed a bill that would require companies to file for chapter 11 bankruptcy in a courtroom close to their principal place of business, rather than where they are incorporated. The bipartisan bill, called the Bankruptcy Venue Reform Act of 2019, hopes to spread bankruptcy cases throughout the US to ensure that [...]

Purdue Pharma, producer of OxyContin, announced on Sunday that the company has filed for Chapter 11 bankruptcy, a move designed in part to resolve more than 2,600 lawsuits filed against the company for its alleged role in the opioid crisis. The reorganization of the company through bankruptcy was the first step in the proposed agreement [...]

A group called Abused in Scouting on Tuesday announced the filing of a new sexual abuse lawsuit against the Boy Scouts of America. The lawsuit, filed in Philadelphia’s Court of Common Pleas, alleges that a former scout, known only as S.D. in the filing, was abused hundreds of times starting at age 12 for a [...]

The US Supreme Court ruled Monday that if a trademark license would survive a breach outside bankruptcy, it may survive a debtor’s rejection in bankruptcy. The case, Mission Product Holdings, Inc. v. Tempnology, LLC, came about after Tempnology filed for bankruptcy in 2015. Tempnology was licensing its trademarks to Mission Product Holdings for use on [...]

Sears Holdings Corporation (Holdings) filed for bankruptcy in the US Bankruptcy Court for the Southern District of New York on Monday, announcing that it intends to remain in business but will close at least 142 stores by the end of the year. Holdings, the parent company of Sears and Kmart, filed a petition for debt relief [...]

The Supreme Court of the United States held on Monday that a creditor may seek repayment of a debt even after the statute of limitations period has expired without facing sanctions. The court, in a 5-3...