Dietrich Knauth

With just weeks to go before its annual Miss America beauty pageant, the company that runs the competition has asked to withdraw its bitterly-contested bankruptcy case so that other courts can decide who owns the organization.

(Reuters) - Rising interest rates, inflation, higher labor costs, and post-pandemic shifts in consumer spending were common factors cited by companies that filed for bankruptcy in 2024.

Bankrupt restaurant chain TGI Fridays received court approval on Thursday to sell nine of its 39 corporate-owned locations, raising $34.5 million to repay its creditors.

Bankrupt satellite communications company Ligado on Tuesday sued its contract partner Inmarsat over a 2007 spectrum leasing agreement, seeking to recoup up to $1.7 billion in payments under the agreement.

Bankrupt prison healthcare company Wellpath Holdings received court approval on Wednesday to spin off its behavioral health division to a group of its lenders.

By Dietrich Knauth NEW YORK (Reuters) - Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved

Dietrich Knauth 3 min read By Dietrich Knauth NEW YORK (Reuters) - Families who have sued Alex Jones over his false claims

Families who have sued Alex Jones over his false claims about the Sandy Hook massacre have resolved their disputes on how to divide the bankrupt conspiracy theorist's assets, clearing the way for a sale of Jones' Infowars platform, attorneys said at a Monday court hearing.

A Washington jury awarded $100 million to four plaintiffs who said PCBs at a Seattle-area school caused serious health issues, while finding Bayer not liable for 11 other claims.

A Department of Justice watchdog on Tuesday challenged a popular Texas bankruptcy court's practice of approving broad legal protections for a bankrupt company’s directors, officers and other non-debtors, saying that creditors who do not "opt out" cannot be assumed to consent to a deal.