Corporate bankruptcy

1010 WINS Newsroom
October 30, 2019 - 12:54 pm
OxyContin maker Purdue Pharma paid its CEO $9 million and its board chairman nearly $4 million in the 12 months before the company's bankruptcy filing last month, according to financial documents filed with the bankruptcy court this week. Five other board members overseeing the private company were...
Read More
FILE - In this Aug. 20, 2007, file photo Robert Murray, founder and chairman of Cleveland-based Murray Energy Corp., arrives at a news conference at the entrance to the Crandall Canyon Mine, in northwest of Huntington, Utah. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, Oct. 29, 2019. Former CEO Robert Murray said the move was necessary to access liquidity and best position the company for long-term success. (AP Photo/Jae C. Hong, File)
1010 WINS Newsroom
October 29, 2019 - 1:46 pm
CHARLESTON, W.Va. (AP) — A major U.S. coal mining company is seeking bankruptcy protection, despite a flurry of regulatory breaks that its CEO pushed for — and received — from the Trump administration. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, joining a...
Read More
FILE - In this March 28, 2017, file photo, a dump truck hauls coal at Contura Energy's Eagle Butte Mine near Gillette, Wyo. Tennessee-based Contura Energy announced Monday, Oct. 21, 2019, that Blackjewel closed Friday on the sale of the Eagle Butte and Belle Ayr mines to a subsidiary of Alabama-based FM Coal. (AP Photo/Mead Gruver, File)
1010 WINS Newsroom
October 24, 2019 - 2:52 pm
ABINGDON, Va. (AP) — Coal miners who blocked train tracks in Kentucky demanding to get paid for the coal they mined will benefit from a federal deal with the bankrupt company. Agreements filed in U.S. District Court this week will pay out nearly $5.5 million in back pay to miners from Blackjewel...
Read More
James Cooke is shown buying water bottles along with propane tanks and batteries at a ACE Hardware store as he prepares for a possible power shutdown in Los Gatos, Calif., on Tuesday, Oct. 8, 2019. Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. (Anda Chu/San Jose Mercury News via AP)
1010 WINS Newsroom
October 08, 2019 - 10:04 pm
SAN FRANCISCO (AP) — Millions of people were poised to lose electricity throughout northern and central California after Pacific Gas & Electric Co. announced Tuesday it would shut off power in the largest preventive outage in state history to try to avert wildfires caused by faulty lines. PG...
Read More
1010 WINS Newsroom
October 04, 2019 - 4:56 pm
Attorneys general representing nearly half the states and lawyers for more than 500 local governments on Friday blasted the terms of OxyContin maker Purdue Pharma's offer to settle thousands of lawsuits over the toll of the nation's opioids crisis. Their legal filings said the tentative deal does...
Read More
1010 WINS Newsroom
October 03, 2019 - 5:26 pm
WHITE PLAINS, N.Y. (AP) — OxyContin maker Purdue Pharma should be prohibited from giving $38 million in employee payouts as it goes through bankruptcy, attorneys general from 24 states said in a court filing Thursday. Purdue has said it needs to make bonus payments to keep employees and maintain...
Read More
A Forever 21 store is shown, Monday, Sept. 30, 2019, in Aventura, Fla. The low-price fashion chain, a one-time hot destination for teen shoppers that fell victim to its own rapid expansion and changing consumer tastes, has filed for Chapter 11 bankruptcy protection. (AP Photo/Wilfredo Lee)
1010 WINS Newsroom
September 30, 2019 - 5:14 pm
NEW YORK (AP) — For years, teens flocked to Forever 21's massive stores at the nation's malls for its speedy take on fashion, like its $5 shimmery halter tops and $25 dresses. But the chain that helped popularize so-called fast fashion has moved too slow for a new generation of young customers. The...
Read More
A passenger walks past a closed Thomas Cook office at Palma de Mallorca airport on Monday, Sept. 23, 2019. Spain's airport operator AENA says that 46 flights have been affected by the collapse of the British tour company Thomas Cook, mostly in the Spanish Balearic and Canary archipelagos. (AP Photo/Francisco Ubilla)
1010 WINS Newsroom
September 25, 2019 - 7:51 am
FRANKFURT, Germany (AP) — The German and Polish units of collapsed tour operator Thomas Cook said Wednesday they were entering bankruptcy proceedings and shutting down normal business operations in the wake of the parent company entering liquidation in Britain. Germany's Thomas Cook said it was...
Read More
British Foreign Office personnel stand by the entrance to Thomas Cook check-in desks in Gatwick Airport, England Monday, Sept. 23, 2019. British tour company Thomas Cook collapsed early Monday after failing to secure emergency funding, leaving tens of thousands of vacationers stranded abroad. (AP Photo/Alastair Grant)
1010 WINS Newsroom
September 23, 2019 - 1:03 pm
LONDON (AP) — The Latest on the collapse of British tour company Thomas Cook (all times local): 6 p.m. Prime Minister Boris Johnson says a "huge effort" is underway to bring home British tourists and passengers stranded by the sudden financial collapse of travel company Thomas Cook. He adds Monday...
Read More
FILE - In this Jan. 17, 2019, file photo, a sign with the Sackler name is displayed at the Metropolitan Museum of Art in New York. Their name used to be on a wing at the Louvre. But now the Sackler family wealth has become linked to sales of OxyContin, and their company, drug maker Purdue Pharma, is attempting to settle lawsuits over the opioid crisis. (AP Photo/Seth Wenig, File)
1010 WINS Newsroom
September 19, 2019 - 5:24 pm
For a family with its name on a wing of one of the world's most famous museums and a school at a prestigious university, members of the Sackler clan have done a remarkable job of vanishing from public life. The family owns OxyContin maker Purdue Pharma, which filed for bankruptcy this week as part...
Read More

Pages