The settlement announced by the Archdiocese of Santa Fe is among the largest of its kind involving the Catholic Church in the United States.
Tag Archives: Bankruptcies
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.
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.
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.
‘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.
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.
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.
How Being Sick Changed My Health Care Views
A chronic illness made me more left-wing and more libertarian at once.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Betraying the Victims of the Opioid Crisis
The Purdue Pharma bankruptcy case settlement protected the wealthy and ignored those who suffered.
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.
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.
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.
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.
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.
New York City’s Post-Covid Recovery
Coming out of the pandemic, is it possible to build a more equal city?
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.
The Crumbling of the N.R.A.
Could an investigation into financial misconduct be the undoing of America’s most powerful gun rights group?
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.
‘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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
For Trump, Past Is Prologue
He has always tried to weave a reality different from what is actually true.
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.
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.
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.
$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.