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An Arizona man who alerted the IRS to the possibility that his former employer may owe taxes on allegedly unpaid overtime wages can’t get a share of the agency’s settlement with the company during bankruptcy proceedings after the U.S. Tax read more

A Delaware bankruptcy judge declined Tuesday to stay his decision that La Paloma Generating Co. LLC’s buyer, senior creditor LNV Corp., is not on the hook for roughly $60 million in environmental costs under California’s “cap-and-tr read more

Former mortgage insurer Triad Guaranty Inc. secured confirmation of its Chapter 11 reorganization on Tuesday, more than 4 1/2 years after seeking protection and after surviving late objections from the Office of the U.S. Trustee and Illinois regulato read more

New York federal prosecutors on Tuesday charged a Brooklyn state legislator with defrauding New York City and the federal government out of grant and aid funds and leaning on witnesses to lie to the FBI when they caught wind of her schemes. read more

A New York bankruptcy court Tuesday gave Seadrill Ltd. another four months to file a Chapter 11 plan after the offshore oil rig operator begged for more time to finalize its proposed $8 billion restructuring. read more