All bankruptcy articles
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News Brief
FTX reaches $4 billion settlement with CFTC in bankruptcy court lawsuit
FTX Trading and the Commodity Futures Trading Commission have agreed on a $4 billion settlement in bankruptcy court to settle the CFTC’s lawsuit against the failed crypto trading platform.
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News Brief
Rite Aid reaches $410M settlement with DOJ in opioid false claims case
Rite Aid agreed to pay $7.5 million and allow the Department of Justice to access nearly $402 million from the company’s forthcoming bankruptcy case to settle allegations it helped fuel the nation’s opioid epidemic.
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Article
Hertz CFO turnover continues with new appointment
Car rental service Hertz Global Holdings announced Kenny Cheung assumed the role of chief financial officer after R. Eric Esper resigned from the job one month in.
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Article
Pier 1 Imports quietly names new general counsel; files for bankruptcy
Without any official announcement, Pier 1 Imports has named Ray McKown as its new general counsel and corporate secretary, days before the home furnishings and decor company filed for bankruptcy.
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Blog
Warren wants worker protections amid Sears bankruptcy
Sen. Elizabeth Warren (D-Mass.) has sent a letter to Eddie Lampert, chairman of Sears Holdings, asking him for “a long-term plan to protect workers” as the legendary retailer faces bankruptcy proceedings.
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Blog
Treasury reviews bank bankruptcy process
A new report, released Wednesday by the Treasury Department, details what officials see as serious flaws with the Dodd-Frank Act’s orderly liquidation authority.
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Article
Carillion: compliance without complying
The Carillion collapse illustrates once again that compliance with the U.K. corporate governance code does nothing to prevent bad actors from making bad decisions.