BOSTON — Steward Health Care announced Friday that is it closing two hospitals in Massachusetts because it received no qualified bids for the facilities after declaring bankruptcy earlier this year. Steward’s bankruptcy is being investigated by the U.S. Senate, with Democrats accusing the Dallas-based company of allowing private equity executives to strip the firm of … Read more
BOSTON — A Senate committee voted Thursday to authorize an investigation into the bankruptcy of Steward Health Care and to subpoena the company’s CEO, Dr. Ralph de la Torre. The subpoena would compel de la Torre to testify before the Senate Health, Education, Labor, and Pensions Committee at a hearing on Sept. 12. De la … Read more
OxyContin maker Purdue Pharma is trying to chart the course for a new mass settlement of thousands of lawsuits over the toll of opioids after the U.S. Supreme Court last month rejected its previous deal, which was years in the making. State, local and tribal governments and individual victims want a sense of justice — … Read more
(WJET) — The parent company of the well-known movie rental service, Redbox, has filed for Chapter 11 bankruptcy on Friday with the U.S. Bankruptcy Court in Delaware. Chicken Soup for the Soul Television Group, this company is a subsidiary of Chicken Soup for the Soul, which publishes the famous book series and produces pet food … Read more
The court-appointed trustee overseeing the liquidation of Alex Jones’ estate plans to shut down his conspiracy site Infowars and sell off its assets, according to a new filing on Monday. The trustee, Christopher Murray, filed an emergency motion with the U.S. Bankruptcy Court after the parents of a child killed in the 2012 Sandy Hook … Read more
U.S. electric vehicle maker Fisker filed for bankruptcy protection late on Monday as deal talks with a big automaker collapsed, exposing the startup to the fallout of a rapid cash burn to deliver its ‘Ocean’ SUVs in the United States and Europe. The company’s unit, Fisker Group Inc, filed for Chapter 11 bankruptcy, listing estimated … Read more
BOSTON — A group of Democratic members of Congress, led by Sen. Edward Markey of Massachusetts, is seeking reassurances that workers at hospitals owned by Steward Health Care will have their health care and retirement benefits protected. Steward last month said it plans to sell off all its hospitals after announcing that it filed for … Read more
Conspiracy theorist Alex Jones is seeking court permission to convert his personal bankruptcy reorganization to a liquidation, which would lead to a sell-off of a large portion of his assets to help pay some of the $1.5 billion he owes relatives of victims of the Sandy Hook Elementary School shooting. Jones and his media company, … Read more
The Romance Writers of America has filed for bankruptcy protection following several years of infighting and allegations of racism that fractured the organization, causing many of its members to flee. The Texas-based trade association, which bills itself as the voice of romance writers, has lost roughly 80% of its members over the past five years … Read more
Mumbai: The race to buy the bankrupt defence-focused software company Rolta India has boiled down to a match-up between Pune-based real estate developer Ashdan Properties and Mumbai-based Yash Shares. The National Company Law Tribunal (NCLT) last week dismissed an objection raised by Ashdan to allow Yash’s competing bid. “Both bidders have now submitted revised bids … Read more
