News

Bankrupt oil and gas driller Venoco Inc. proposed a settlement with the city of Beverly Hills and its school district late Monday, saying it would contribute to the capping and plugging costs of an abandoned well site and related pipeline on the camp read more

Nursing home chain operator Preferred Care Partners on Monday filed for Chapter 11 protection in Texas, saying it and its affiliated nursing homes are being swamped under a wave of pending lawsuits and a recent $28 million injury verdict. read more

The New Jersey Supreme Court on Tuesday upheld an appeals panel’s decision that anticipated legal fees constitute a valid security interest under the Uniform Commercial Code, dealing a blow to a law firm and an accounting practice creditor who read more

The restructuring of Breitburn Energy Partners LP is headed for a showdown between the debtor and its fed-up shareholders and unsecured creditors, after those groups promised to fight the proposed Chapter 11 plan to the bitter end in a New York bankr read more

Boeing Co. and bankrupt Alabama Aircraft Industries Inc., which are on opposite sides of a dispute over a $1.2 billion U.S. Air Force contract, each urged an Alabama federal judge Monday to rule in their favor on several claims in the long-running la read more