Among these, IA No. 666/2023, which sought leave to appeal, required no orders as it was clarified by the Principal Bench of NCLAT that under Section 61 of the Insolvency and Bankruptcy Code (IBC), ...

Purdue Pharma and its owners, the Sackler family, have reached a $7.4bn settlement with US states to resolve a long-running ...

Zachry Holdings is hoping to button up its restructuring process before summer.

Zachry says its revised reorganization plan has the support of senior lenders and a committee that represents general ...

Several major retailers have closed their Connecticut locations within the last year, including Party City, Rite Aid and Stop ...

On December 31, 2024, the Fifth Circuit Court of Appeals overturned the Bankruptcy Court for the Southern District of Texas’ (the “Bankruptcy ...

Corporate bankruptcies soared to a 14-year high in 2024, underscoring the Catch-22 facing the Fed as it wrestles with ...

Retailers are facing relentless competition from controversial fast fashion companies Shein and Temu, according to Coresight ...

So far this year, closures continue to climb. Retailers have already announced 1,925 store closures so far in 2025 — and that ...

The proposed settlement calls on the Sacklers to pay $1.5 billion in the first three years, followed by $500 million after one additional year, $500 million after two years and $400 million after ...

California Attorney General Rob Bonta today announced that the bipartisan States Negotiating Committee and other parties have reached a $7.4 billion settlement in ...

Under the deal, the Sackler family members will eventually pay a total of $6.5 billion while Purdue will pay $900 million.