New Mexico Archdiocese to Settle Sex Abuse Claims for $121.5 Million

The settlement announced by the Archdiocese of Santa Fe is among the largest of its kind involving the Catholic Church in the United States.

#archdiocese-of-santa-fe, #bankruptcies, #child-abuse-and-neglect, #compensation-for-damages-law, #priests, #roman-catholic-church, #santa-fe-nm, #sex-crimes

Facing Judgment, Alex Jones Pleads for Help From the ‘Deep State’

Scrambling to shield a fortune built on misinformation, the Infowars broadcaster is seeking legal protection from the federal government he scorns.

#bankruptcies, #compensation-for-damages-law, #infowars, #jones-alex-1974, #newtown-conn, #newtown-conn-shooting-2012, #sandy-hook-elementary-school-newtown-conn, #storming-of-the-us-capitol-jan-2021, #suits-and-litigation-civil, #united-states-politics-and-government

Alex Jones’s Infowars Files for Bankruptcy

The conspiracy theorist and his companies are facing lawsuits over his false claims about the Sandy Hook school shooting.

#bankruptcies, #infowars, #jones-alex-1974, #newtown-conn-shooting-2012, #suits-and-litigation-civil

A Producer Seeks a Broadway Comeback, Mired in Offstage Drama

With the musical “Paradise Square” preparing to open Sunday, Garth Drabinsky is hoping to re-establish himself after serving time in a Canadian prison for fraud.

#bankruptcies, #barrymore-ethel-theater, #content-type-personal-profile, #drabinsky-garth-h, #frauds-and-swindling, #livent-inc, #paradise-square-play, #theater

‘You Murdered My Daughter’: Relatives of OxyContin Victims Confront the Sacklers

It was the first time, after years of lawsuits, that the family that owns Purdue Pharma was forced to hear directly from families who had lost loved ones to addiction.

#bankruptcies, #drug-abuse-and-traffic, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #sackler-david, #sackler-richard-1945, #sackler-theresa-1949, #suits-and-litigation-civil, #your-feed-science

Sacklers and Purdue Reach Settlement as Opioids Crisis Continues

The agreement brought holdout states on board, and would settle thousands of lawsuits over the company’s and family’s roles in the opioid epidemic. The Sacklers agreed to pay an extra billion dollars.

#bankruptcies, #compensation-for-damages-law, #office-of-the-united-states-trustee, #opioids-and-opiates, #oxycontin-drug, #purdue-pharma, #sackler-family, #suits-and-litigation-civil, #your-feed-healthcare

Kohl’s Receives $9 Billion Offer Backed by Activist Investor

The offer comes as the retailer, like other brick-and-mortar stores, struggles with supply chain problems and competition from online sites.

#acacia-research-acacia-technologies, #bankruptcies, #e-commerce, #kohls-corporation, #mergers-acquisitions-and-divestitures, #real-estate-commercial, #shopping-and-retail, #starboard-value-lp, #stocks-and-bonds, #supply-chain

How Being Sick Changed My Health Care Views

A chronic illness made me more left-wing and more libertarian at once.

#bankruptcies, #centers-for-disease-control-and-prevention, #food-and-drug-administration, #great-britain, #health-insurance-and-managed-care, #independent-payment-advisory-board, #innovation, #lyme-disease, #medicaid, #multiple-sclerosis, #patient-protection-and-affordable-care-act-2010, #united-states

Judge Approves Deal to Resolve Puerto Rico Bankruptcy

The plan restructures $33 billion in debt nearly five years after Puerto Rico became the first U.S. state or territory to essentially declare bankruptcy.

#bankruptcies, #credit-and-debt, #puerto-rico

Boy Scouts $2.7 Billion Settlement Plan at Risk of Failing

Of the tens of thousands of Boy Scouts victims who voted on a settlement plan, 73 percent supported it, just below a critical threshold of 75 percent.

#bankruptcies, #boy-scouts, #child-abuse-and-neglect, #rockwell-norman

Toys ‘R’ Us Tries to Come Back, Four Years After Bankruptcy

The retailer, which had closed all its U.S. stores, has resurfaced at the American Dream mall in New Jersey, just in time for the holidays.

#american-dream-meadowlands-east-rutherford-nj, #bankruptcies, #shopping-and-retail, #shopping-centers-and-malls, #toys, #toysrus-inc

China Evergrande Makes Payment to Dodge Default, Media Says

The troubled property giant faced the threat of default if it didn’t meet its obligations to foreign bondholders by Saturday.

#bankruptcies, #china, #china-evergrande-group, #economic-conditions-and-trends, #real-estate-and-housing-residential, #stocks-and-bonds

Johnson & Johnson Subsidiary Seeks Bankruptcy Protection to Handle Talc Product Claims

The company said the Chapter 11 bankruptcy filing was intended to resolve current and future claims that its products cause cancer.

#bankruptcies, #boy-scouts, #johnsonjohnson, #ovarian-cancer, #suits-and-litigation-civil, #usa-gymnastics

PG&E Faces Criminal Charges Over California Wildfire

Charges including manslaughter arise from a blaze that killed four last year. A state inquiry said the utility’s power lines were involved.

#bankruptcies, #california, #electric-light-and-power, #fines-penalties, #pacific-gas-and-electric-co, #shasta-county-calif, #wildfires

China Evergrande Bond Payment Remains Uncertain

A payment on China Evergrande’s dollar-denominated bonds was due Thursday. By the end of the business day in New York, the company had still not said publicly whether it made the payment or planned to.

#banking-and-financial-institutions, #bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #hsbc-holdings-plc, #stocks-and-bonds, #ubs-ag

U.S. Seeks to Block Bankruptcy Plan That Would Free Sacklers From Opioid Claims

The Justice Department has been appealing the deal, approved earlier this month.

#bankruptcies, #drain-robert-d, #justice-department, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #suits-and-litigation-civil

China Evergrande Warns of Financial Pressure, Hires Advisers

China Evergrande hired restructuring experts, sending its shares lower and adding to worries about what its fate might mean to the country’s economy.

#bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #economic-conditions-and-trends, #real-estate-and-housing-residential, #stocks-and-bonds

Betraying the Victims of the Opioid Crisis

The Purdue Pharma bankruptcy case settlement protected the wealthy and ignored those who suffered.

#bankruptcies, #compensation-for-damages-law, #cvs-caremark-corporation, #drug-abuse-and-traffic, #justice-department, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #suits-and-litigation-civil

Why Evergrande’s Debt Problems Threaten China

The real estate developer Evergrande once binged on debt. Now the music has stopped, investors are panicking and experts are warning of an imminent failure.

#banking-and-financial-institutions, #bankruptcies, #china, #china-evergrande-group, #credit-and-debt, #foreign-investments, #real-estate-and-housing-residential, #regulation-and-deregulation-of-industry, #xu-jiayin

In Hong Kong, Jimmy Lai’s Next Digital Says It Has Been Forced to Close

Next Digital, which has published criticism of China for decades, said a crackdown had left it with no way to operate. Its main newspaper, Apple Daily, closed in June.

#bankruptcies, #china, #hong-kong, #hong-kong-protests-2019, #lai-jimmy, #media, #newspapers

The Census Said Detroit Kept Shrinking. The Mayor Begs to Differ.

Mayor Mike Duggan, who ran on a promise to reverse generations of population decline, blamed the Census Bureau, not himself, after the head count fell again.

#bankruptcies, #census, #detroit-mich, #duggan-mike, #elections-mayors, #population, #young-coleman-a

Sacklers Threaten to Pull Out of Purdue Pharma Opioids Settlement

In a rare court appearance, David Sackler said he and his family would withdraw their pledge to pay $4.5 billion, unless they are granted broad legal immunity.

#bankruptcies, #drain-robert-d, #drug-abuse-and-traffic, #drugs-pharmaceuticals, #high-net-worth-individuals, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #sackler-david, #suits-and-litigation-civil

15 States Reach a Deal With Purdue Pharma Over Opioids

The states, including Massachusetts and New York, agreed to drop opposition to the bankruptcy organization plan of the company, the maker of OxyContin.

#bankruptcies, #california, #compensation-for-damages-law, #drugs-pharmaceuticals, #massachusetts, #new-york-state, #opioids-and-opiates, #oxycontin-drug, #pain-relieving-drugs, #purdue-pharma, #sackler-family, #states-us, #suits-and-litigation-civil, #your-feed-healthcare

New York City’s Post-Covid Recovery

Coming out of the pandemic, is it possible to build a more equal city?

#bankruptcies, #budgets-and-budgeting, #coronavirus-2019-ncov, #elections-mayors, #hudson-yards-manhattan-ny, #local-government, #new-york-city, #nineteen-hundred-seventies, #politics-and-government, #trump-donald-j

Judge Clears Purdue Pharma’s Restructuring Plan for Vote by Thousands of Claimants

The ruling was a milestone in yearslong efforts to make the OxyContin manufacturer pay for its role in the opioid crisis, but some plaintiffs feel the plan doesn’t go far enough.

#bankruptcies, #drain-robert-d, #drug-abuse-and-traffic, #finances, #oxycontin-drug, #purdue-pharma, #sackler-family, #suits-and-litigation-civil, #your-feed-science

The Crumbling of the N.R.A.

Could an investigation into financial misconduct be the undoing of America’s most powerful gun rights group?

#attorneys-general, #bankruptcies, #decisions-and-verdicts, #ethics-and-official-misconduct, #firearms, #gun-control, #hakim-danny, #lapierre-wayne, #lobbying-and-lobbyists, #national-rifle-assn, #new-york-state

In Rebuke to NRA, Federal Judge Dismisses Bankruptcy Case

The N.R.A. filed for bankruptcy this year as it sought to end run regulatory action in New York, but a judge rejected the strategy.

#attorneys-general, #bankruptcies, #dallas-tex, #firearms, #gun-control, #james-letitia, #lapierre-wayne, #national-rifle-assn, #new-york-state, #texas

‘Staggering’ Legal Fees in Boy Scouts Bankruptcy Case

As the Boy Scouts of America goes through a massive and contentious bankruptcy, dozens of lawyers are working on the case. Many are charging more than $1,000 an hour.

#bankruptcies, #boy-scouts, #child-abuse-and-neglect, #legal-profession, #sex-crimes, #suits-and-litigation-civil, #whitecase

NRA Leadership and Bankruptcy Assailed by U.S. Trustee

In a rare move, the trustee, part of the Justice Department, called for the dismissal of the N.R.A.’s bankruptcy filing or the appointment of an outside monitor.

#bankruptcies, #firearms, #gun-control, #lapierre-wayne, #national-rifle-assn, #office-of-the-united-states-trustee, #suits-and-litigation-civil

N.R.A. Chief Takes the Stand, With Cracks in His Armor

Wayne LaPierre has led the National Rifle Association for 30 years, but his implacable image looked threadbare in bankruptcy court.

#bankruptcies, #boards-of-directors, #firearms, #gun-control, #lapierre-wayne, #lobbying-and-lobbyists, #national-rifle-assn

Asian-Americans’ Politics, Pandemic Wilderness Explorers and O.J. Simpson’s Twitter Account: The Week in Narrated Articles

Five articles from around The Times, narrated just for you.

#asian-americans, #bankruptcies, #brooks-brothers, #fashion-and-apparel, #national-parks-monuments-and-seashores, #quarantine-life-and-culture, #race-and-ethnicity, #simpson-o-j

Embattled N.R.A. Chief Kept Bankruptcy Filing Secret From Deputies

Facing enforcement by the New York attorney general, the National Rifle Association’s chief executive hatched a secret plan for bankruptcy.

#ackerman-mcqueen-inc, #bankruptcies, #firearms, #gun-control, #james-letitia, #lapierre-wayne, #loesch-dana, #national-rifle-assn, #nratv, #texas

PG&E Charged With Crimes in 2019 California Wildfire

A district attorney filed five felony and 28 misdemeanor counts in connection with the Kincade Fire, which ravaged Sonoma County.

#accidents-and-safety, #bankruptcies, #california, #fines-penalties, #pacific-gas-and-electric-co, #patricia-k-poppe, #sonoma-county-calif, #wildfires

The Ghosts of Brooks Brothers

After the retailer filed for bankruptcy one couple was left with a warehouse full of abandoned mannequins and a price tag of nearly $250,000 to dispose of it.

#bankruptcies, #brooks-brothers, #fashion-and-apparel, #quarantine-life-and-culture, #renting-and-leasing-real-estate, #shopping-and-retail, #simon-property-group-inc, #sparc-group-llc

Greensill Capital: The Collapse of a Company Built on Debt

Greensill Capital promised a win-win for buyers and sellers, until it all fell apart, igniting concerns about opaque accounting practices.

#accounting-and-accountants, #banking-and-financial-institutions, #bankruptcies, #bluestone-resources-inc, #cameron-david, #credit-suisse-group-ag, #federal-financial-supervisory-authority-bafin-germany, #gfg-alliance-ltd, #greensill-capital, #greensill-lex, #gupta-sanjeev-1971, #insurance, #justice-james-c-ii, #labor-and-jobs, #softbank-corporation, #suits-and-litigation-civil, #tokio-marine-holdings-inc

Purdue Pharma Offers Plan to End Sackler Control and Mounting Lawsuits

The OxyContin maker filed its long-awaited restructuring plan in bankruptcy court. Revenue from the new company would go exclusively to abating the opioid crisis.

#bankruptcies, #opioids-and-opiates, #oxycontin-drug, #purdue-pharma, #sackler-family, #suits-and-litigation-civil

Paper Source Files for Bankruptcy, Frustrating Cardmakers

The chain’s vendors, most of them small-business owners, say they are worried they won’t be paid for orders delivered in the weeks just before the filing.

#bankruptcies, #greeting-cards, #paper-source-inc, #park-winnie, #sapling-press, #shopping-and-retail, #small-business, #stationery

Annmarie Reinhart Smith, Who Battled for Retail Workers, Dies at 61

After nearly three decades with Toys “R” Us, she helped lead a fight by employees for severance pay from the bankrupt company. She died of Covid-19.

#bankruptcies, #coronavirus-2019-ncov, #deaths-obituaries, #employee-fringe-benefits, #reinhart-smith-annmarie-1959-2021, #shopping-and-retail, #toysrus-inc

Trump Plaza to be Imploded in Atlantic City

An implosion of Trump Plaza Hotel and Casino, the last vestige of the former president’s once-dominant brand in Atlantic City, N.J., is scheduled for Wednesday morning.

#auctions, #bankruptcies, #casinos, #demolition, #gambling, #icahn-carl-c, #trump-donald-j, #united-states-politics-and-government

HNA Was Once China’s Biggest Dealmaker. Now It Faces Bankruptcy.

China is tightening the reins on its economy and looking out for companies that could pose risks to China’s financial system.

#bankruptcies, #chen-feng-1953, #china, #economic-conditions-and-trends, #hna-group-co-ltd, #politics-and-government, #regulation-and-deregulation-of-industry

Harvey Weinstein Accusers Agree to $17 Million Settlement

Some 40 women will participate in the bankruptcy court agreement, though others who have sued Mr. Weinstein and accused him of sexual abuse have objected to the terms and are considering an appeal.

#metoo-movement, #bankruptcies, #compensation-for-damages-law, #sex-crimes, #sexual-harassment, #suits-and-litigation-civil, #weinstein-co, #weinstein-harvey, #weinstein-bob, #women-and-girls

Europe’s Bankruptcies Are Plummeting. That May Be a Problem.

Governments have extended national programs to keep troubled businesses afloat, but the aid may only be postponing a painful reckoning.

#bankruptcies, #coronavirus-2019-ncov, #economic-conditions-and-trends, #finances, #france, #paris-france, #restaurants

The N.R.A. Wants to ‘Dump’ Its Regulators via Bankruptcy. Will It Succeed?

In a showdown with New York State, the National Rifle Association is trying an unusual strategy. Legal experts doubt it will work.

#bankruptcies, #corruption-institutional, #firearms, #james-letitia, #lapierre-wayne, #national-rifle-assn, #new-york-state, #suits-and-litigation-civil, #texas

Sexual Abuse in the Boy Scouts: ‘Something Terrible Has Happened’

One man’s story of the sexual abuse he suffered as a child in the Boy Scouts of America.

#bankruptcies, #boy-scouts, #child-abuse-and-neglect, #sex-crimes, #suits-and-litigation-civil

Debenhams and Topshop Fall, Pushed by Fast Fashion and Pandemic

Debenhams and Arcadia Group, the owner of Topshop, collapsed despite extensive government programs meant to shore up British businesses.

#arcadia-group, #bankruptcies, #boohoo-group-plc, #coronavirus-2019-ncov, #debenhams, #e-commerce, #economic-conditions-and-trends, #fashion-and-apparel, #great-britain, #quarantine-life-and-culture, #shopping-and-retail, #shutdowns-institutional, #topshop

For Trump, Past Is Prologue

He has always tried to weave a reality different from what is actually true.

#bankruptcies, #credit-and-debt, #domestic-violence, #new-york-city, #trump-taj-mahal-casino-resort, #trump-donald-j, #trump-ivana, #walters-barbara

Purdue Pharma Pleads Guilty to Role in Opioid Crisis

The admission in federal court brought a formal end to a major investigation that resulted in a multibillion-dollar settlement between the drug maker and the government.

#bankruptcies, #bribery-and-kickbacks, #compensation-for-damages-law, #drug-abuse-and-traffic, #drug-enforcement-administration, #ethics-and-official-misconduct, #fines-penalties, #justice-department, #opioids-and-opiates, #oxycontin-drug, #practice-fusion-inc, #purdue-pharma, #sackler-family, #suits-and-litigation-civil, #united-states-politics-and-government

Guitar Center Files for Bankruptcy

The filing by the nation’s largest retailer of musical instruments highlights the growing gap between the strongest and weakest companies in the pandemic.

#bain-capital, #bankruptcies, #coronavirus-2019-ncov, #guitar-center-inc, #shopping-and-retail

Help! My Travel Agency Shut Down and I’m Out $2,000

Our columnist investigates whether there is any recourse for a canceled flight booked through STA Travel, which filed for bankruptcy in August.

#airlines-and-airplanes, #bankruptcies, #british-airways-plc, #consumer-financial-protection-bureau, #consumer-protection, #credit-cards, #quarantine-life-and-culture, #travel-agencies-and-agents, #travel-and-vacations

$421 Million in Debt: Trump Calls It ‘a Peanut,’ but Challenges Lie Ahead

The president on Thursday played down big loans he guaranteed for his struggling businesses. But much of that debt is soon to come due in the midst of declining revenue and an I.R.S. audit that could cost him over $100 million.

#bank-of-china, #bankruptcies, #casinos, #credit-and-debt, #deutsche-bank-ag, #federal-taxes-us, #golf, #hotels-and-travel-lodgings, #presidential-election-of-2016, #presidential-election-of-2020, #trump-international-hotel-washington-dc, #trump-national-doral-miami-doral-fla, #trump-plaza-hotelcasino-atlantic-city-nj, #trump-tax-returns, #trump-donald-j, #vornado-realty-trust