J&J Unit Seeks Chapter 11 For Third Time Over Baby Powder (2)
WEB1 day ago · Documents. Johnson & Johnson said it received overwhelming support for a roughly $8 billion settlement of claims that its talc-based baby powder caused cancer, a key step as the company makes its third attempt to resolve thousands of lawsuits in bankruptcy court. The company’s subsidiary, Red River Talc LLC, filed for Chapter 11 bankruptcy in ...
ANALYSIS: Six Trends in the Latest Chapter 11 Wave - Bloomberg Law News
WEBJun 26, 2023 · Chapter 11 filings are up, promising steady work for bankruptcy and restructuring attorneys for quite a while. I’ve taken a look at Chapter 11 bankruptcy cases that have been filed since the beginning of the year, and have identified six trends that make this latest wave unique.
Chapter 11 Bankruptcy: What You Need To Know - Forbes
WEBFeb 18, 2022 · If your business is behind on its bills, struggling with too much debt and besieged by creditors, you may be able to catch a break with Chapter 11 bankruptcy and get back on track.
Iconic Tupperware Brands seeks Chapter 11 bankruptcy - AP News
WEB3 days ago · NEW YORK (AP) — Tupperware Brands, the company that revolutionized food storage decades ago, has filed for Chapter 11 bankruptcy protection. Orlando, Florida-based Tupperware plans to continue operating during the bankruptcy proceedings and will seek court approval for a sale, “in order to protect its iconic brand,” the company said just ...
Bankruptcy filings surge in first half of 2023 in US, Epiq says
WEBJul 3, 2023 · U.S. Chapter 11 bankruptcy filings jumped 68% in the first half of 2023 from a year earlier, Epiq Bankruptcy, a provider of U.S. bankruptcy filing data, said on Monday.
Repeat Chapter 11 Filers Dominate 2023 Bankruptcy Landscape
WEBJan 10, 2024 · Struggling companies seeking bankruptcy turned 2023 into one of the biggest years for repeat Chapter 11 filers, suggesting many didn’t make the necessary cuts or business changes to successfully revive themselves the first time around.
WeWork cleared to exit bankruptcy and slash $4 billion in debt
WEBMay 30, 2024 · A U.S. bankruptcy judge on Thursday approved WeWork's Chapter 11 bankruptcy plan, allowing the shared office space provider to eliminate $4 billion in debt and hand the company's equity over...
Big Lots files for bankruptcy | CNN Business
WEBSep 9, 2024 · Chapter 11 is useful for Big Lots because “it gives a debtor leverage in negotiations and allows a company to renegotiate and reject burdensome leases and contracts, which are often a major...
Chapter 11 Bankruptcy news - Today’s latest updates
WEBOct 18, 2023 · The Diocese of Sacramento will seek Chapter 11 bankruptcy protection after more than 250 lawsuits claiming sexual abuse by clergy and other staff, Bishop Jaime Soto said. Rite Aid is closing...
Big Lots files for Chapter 11 bankruptcy protection | AP News
WEBSep 9, 2024 · Discount retailer Big Lots has filed for Chapter 11 bankruptcy protection, as it contends with a pullback in consumer spending and soft sales. The Columbus, Ohio-based company plans to sell its assets and ongoing business operations to private equity firm Nexus Capital Management.
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