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Bankrupt oil and gas driller Adams Resources Exploration Corp. gained confirmation of its Chapter 11 plan of liquidation Monday in Delaware following the sale of many of its valuable well interests. read more

EDITING - Bankrupt power station owner ExGen Texas Power LLC announced late Friday in Delaware that a $60 million stalking horse bid from its parent company was the only offer it received for a Texas generating station, declaring the bidder the winne read more

The liquidation trustee for Bernard Madoff’s failed securities firm told a New York federal bankruptcy court Monday that he’s ready to distribute more than $584 million to investors who fell victim to Madoff’s Ponzi scheme, bringing read more

Bankrupt oil rig venture Paragon Offshore PLC's litigation trustee sued spinoff parent Noble Corp. PLC in Delaware's bankruptcy court late Friday, claiming fraud and fiduciary breaches and seeking to reclaim $1.7 billion in note payments. read more

A long-promised settlement between a Dentons predecessor and U.S. Aerospace Inc. shareholders who said the company's value was wrongly transferred materialized Friday, revealing that the predecessor firm and other defendants have agreed to pay $1 read more