SEC Charges Bring Long Fraud Saga to a Close
Five years after GT Advanced Technologies went bankrupt, the company and its ex-CEO, facing overwhelming evidence, cop to SEC allegations.
GE’s Subprime Loan Business Files Chapter 11
WMC Mortgage sought bankruptcy protection to resolve remaining legal liabilities over defective loans it originated before the 2008 financial crisis.
Sears Accuses ex-CEO of Looting $2B in Assets
The bankrupt retailer alleges Eddie Lampert and other investors siphoned off assets for their own gain through fraudulent spinoffs and other deals.
Judge OKs $5.5B Financing Package for PG&E
The Chapter 11 financing is secured by PG&E assets, raising concerns over what could happen if the utilty defaults.
A Busy Day for Bankruptcies
The U.S. Bankruptcy Court in Delaware saw three mid-market Chapter 11 filings on Monday. Is it the start of a flood?
Diesel USA Files Chapter 11 Amid Heavy Losses
The seller of Italian jeans said a misconceived turnaround strategy caused it to enter into expensive, long-term leases for retail locations.
Windstream Files Chapter 11 After Bond Default
The filing follows a court ruling that the broadband provider violated bond covenants when it spun off its fiber-optic cable network.
McKinsey Fined $15M Over Disclosure Failures
The Department of Justice says the firm showed a "lack of candor" in seeking advisory appointments in bankruptcy cases.
Payless to File Bankruptcy, Shutter U.S. Stores
A Chapter 11 filing would be the second for the shoe retailer in less than two years amid heavy debt and online competition.
PBGC to Oversee Sears Pension Plans
The pension insurance fund is stepping in because “it is clear that Sears’ continuation of the plans is no longer possible.”
Chairman Lampert Wins Auction to Save Sears
The bankrupt retailer's "hand has not changed and the cards it holds are not winning ones," an analyst says.