Dec 19
Three-quarters of a $200 million settlement fund had been distributed and one claim remained unresolved on Tuesday in multidistrict litigation that once numbered 733 cases against health care providers that administered, but did not concoct, contamin read more
Dec 19
Bankrupt plastics supplier M&G USA Corp. asked a Delaware court for permission Monday to pay up to $850,000 in bonuses to employees to retain key workers and incentivize performance while the company pursues a Chapter 11 sale of its assets. read more
Dec 19
The Puerto Rican financial oversight board on Tuesday said it will launch an independent probe into the source of more than $6 billion in cash the bankrupt island’s government is reportedly holding in several bank accounts. read more
Dec 19
Woodchip and wood pellet producer Rentech Inc. filed for Chapter 11 protection on Monday in a Delaware bankruptcy court, saying it’s selling off its U.S. subsidiaries after an attempt to open new Canadian production facilities ended poorly. read more
Dec 19
Bankrupt health supplement retailer Vitamin World Inc. told a Delaware judge late Monday that its stalking horse bidder was the only entity to make a qualified offer before the debtor’s bid deadline, making its $28 million minimum offer the suc read more
