Rihem Akkouche

Sterilization company Cosmed Group Inc. has filed for Chapter 11 bankruptcy protection in a Texas federal court, citing liabilities exceeding $100 million, largely stemming from litigation related to cancer claims over its use of ethylene oxide gas. The company’s filing on Thursday lists debts ranging from $100 million to $500 million, owed to more than Sterilization firm Cosmed Group files for Chapter 11 bankruptcy in Texas, citing over $100M in liabilities from cancer claims related to its use of ethylene oxide gas.

A former D.C. Homeland Security commissioner, Wendy Nicole Villatoro, has pled guilty to orchestrating a scheme to fraudulently obtain approximately $844,000 in Paycheck Protection Program (PPP) and Economic Injury Disaster Loan (EIDL) funds. Villatoro, 40, who currently works for the U.S. Department of Agriculture, admitted to one count of bank fraud in a plea agreement filed Thursday in a District of Columbia federal court.

Danone North America PBC has sweetened its bid to acquire the remaining shares of Lifeway Foods Inc., increasing its offer from $25 per share to $27 per share, totaling approximately $306 million. The increased bid follows Lifeway’s rejection of Danone’s earlier $283 million proposal, as outlined in a letter from Danone’s CEO, Shane Grant, on Friday.

A California federal judge sharply criticized the legal and administrative teams managing Google ’s $90 million antitrust settlement with Play Store developers, vowing to “substantially” reduce the attorneys’ fees over issues with claim payments. During a heated status conference on Thursday, U.S. District Judge James Donato condemned the settlement administrator, Angeion Group, for its poor handling of developer payments, calling it “the worst performance I’ve seen.”

A North Carolina court has granted a preliminary injunction to halt alleged price-gouging by a businessman and his companies accused of exploiting residents for tree removal services following Hurricane Helene. The injunction was issued Thursday at the request of state Attorney General and incoming governor Josh Stein, who filed a complaint in October against Lorenzo Huggins Sr. and his businesses.

Budget air carrier Spirit Airlines filed for Chapter 11 bankruptcy protection in New York on Monday, citing $3.6 billion in funded debt and announcing a preapproved restructuring plan involving a debt-for-equity swap. Declining Business Travel and Rising Competition Prompt Bankruptcy In its early Monday filings, Florida-based Spirit Airlines attributed the bankruptcy to a sharp decline Spirit Airlines files for Chapter 11 bankruptcy with a $3.6 billion debt, citing declining business travel and competition.

The U.S. Supreme Court on Monday declined to review a U.S. Army veteran’s lawsuit alleging that Volvo fired her due to her military service and post-traumatic stress disorder (PTSD), leaving in place a Seventh Circuit decision that rejected a $7.8 million jury award in her favor.

The National Basketball Association (NBA) and Warner Bros. Discovery (WBD), the parent company of Turner Sports, have reached a settlement in their lawsuit over a new $76.9 billion media rights deal. The agreement resolves all disputes related to the league’s recent broadcasting contracts and ensures the iconic “Inside the NBA” show will continue airing, but on ESPN and ABC starting next season.

The U.S. Supreme Court on Monday declined to review an insurer’s challenge to a ruling that requires it to cover claims against a wood treatment product maker over a man’s cancer diagnosis allegedly linked to decades of chemical exposure.

Connecticut-based credit investing firm Silver Point Capital announced