Bankruptcy protection

Economy

Nothing Lasts, Forever 21 Discovers, As Another Clothing Chain Files For Bankruptcy

11:50am September 30, 2019

by Brakkton Booker

The popular fashion retailer is the latest in a long list of brands to fall victim to online retailers and less foot traffic in malls. The company said it may close up to 178 U.S. stores.

Insys Therapeutics founder John Kapoor departs federal court in Boston, Jan. 30. On Monday the company filed for Chapter 11 bankruptcy, saying it needs to sell its assets to pay back creditors. Kapoor, who was convicted last month of racketeering, owns mo

National
Health & Safety

Insys Files For Chapter 11, Days After Landmark Opioid Settlement Of $225 Million

4:56pm June 10, 2019

by Vanessa Romo

The maker of a highly addictive fentanyl-based drug wants to sell its assets to pay some $250 million in debts. The move could let the company out of part of the settlement deal reached last week.

A man walks past a Pacific Gas & Electric Co. entrance in Daly City, Calif. After filing for bankruptcy last month, the company will replace half of its board of directors.

National

Bankrupt Pacific Gas & Electric Corp. Will Replace Half Of Its Board Of Directors

8:05pm February 11, 2019

by Richard Gonzales

The company signaled its leadership change last month even before filing for bankruptcy. The utility giant faces billions of dollars in liability claims due to California's wildfires.