The Archdiocese of Portland, Oregon, which was the first U.S
Roman Catholic diocese to file for bankruptcy over claims of
sexual abuse by clergy, will pay nearly $4 million to eight men
to settle their claims that they were abused by a priest, their
lawyer said on Friday.
Bankrupt acute-care chain LifeCare Health Partners must make
clear how more than $8 million it owes the Medicare system will
get paid before it can transfer leases in two planned sales of
several of its businesses in its Chapter 11 reorganization,
according to the U.S. government.
Poultry producer Sanderson Farms Inc won a court order on
Wednesday dismissing a lawsuit by two advocacy groups that
accused it of misleading consumers by advertising its chicken as
"100% natural" despite tests that found antibiotics in the
Bankrupt mortgage lender Stearns Holdings LLC won court
approval on Wednesday to retain Skadden Arps Slate Meagher &
Flom as its bankruptcy counsel, overcoming objections by the
U.S. trustee, which had said the law firm could have a potential
conflict of interest.
A wrong click on a drop-down box helped trigger two years of
disputes over Medicare payments that medical diagnostics
provider THG Holdings LLC says set it on course for bankruptcy.
Juul Labs is in line to take over Gymboree Group's
headquarters in a deal in which the bankrupt children's clothing
retailer hands over the lease for its nearly 80,000-square-feet
of office space in San Francisco to the e-cigarette maker, as
part of its push to raise funds for its creditors.
Bankrupt mortgage lender Stearns Holdings LLC on Monday
defended its planned retention of Skadden Arps Slate Meagher &
Flom as bankruptcy counsel, saying the law firm does not have a
potential conflict of interest as the U.S. trustee argued.
The U.S. Trustee has objected to mortgage lender Stearns
Holdings LLC seeking court approval to retain Skadden Arps Slate
Meagher & Flom as counsel for its bankruptcy, citing the
potential for a conflict of interest for the law firm.
Coal producer Blackjewel LLC won bankruptcy court approval
at a hearing on Friday to take steps it proposed in a motion a
day earlier to sell three mines to Contura Energy Inc to avoid
having to liquidate.
Bankrupt coal producer Blackjewel LLC asked a West Virginia
bankruptcy judge to sign off on a deal to sell three mines to
Contura Energy Inc for $20.6 million in cash unless it gets a
better offer by the end of the month.