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Companies that aren't bankrupt are using controversial maneuvers in U.S. bankruptcy court to block tens of thousands of suits. A woman suing Johnson & Johnson died while her case was in legal limbo.
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Johnson & Johnson spun off liabilities — including roughly 38,000 lawsuits — linked to claims of asbestos contamination in its baby powder to a new firm, which then declared bankruptcy.
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Mattress Firm, Claire's, Guitar Center are bankruptcy survivors going from a year of shuttered stores to planning a new life as publicly traded companies.
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Judge Colleen McMahon was expected to halt work on the controversial settlement that would give immunity from opioid lawsuits to the Sackler family. Instead she allowed work on the plan to go ahead.
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With a federal judge poised to approve Purdue Pharma's controversial Chapter 11 plan, the company is working behind the scenes to preempt a legal challenge by the DOJ.
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The company, which has been making guns in the U.S. since 1816, filed for Chapter 11 protection in federal court in Alabama as it seeks to restructure amid ongoing legal and financial challenges.
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Chesapeake Energy Corporation announced on Sunday it has filed for Chapter 11 bankruptcy protection.The Oklahoma City-based energy pioneer negotiated a…
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J.C. Penney began 2020 with hopes of yet another turnaround. Instead, the coronavirus shutdowns across the country have forced the department store and mall mainstay into bankruptcy.
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The luxury chain known for its extravagant Christmas Book catalog had been losing money before the pandemic. The move follows J.Crew's bankruptcy filing on Monday, foreboding potentially more to come.
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The Boy Scouts of America has $1.4 billion in assets. The organization says it will use the Chapter 11 process to create a trust to provide compensation for victims.