Newsroom Headlines

An Eastern Carolina hospital is closed and will file for bankruptcy, WITN.com reported. Quorum Health, which operates Martin General Hospital, said that it was forced to “suspend operations today and

Casco Development filed for bankruptcy on a $539 million luxury condo in Chelsea that never got off the ground, The Real Deal reported. The firm’s Noam Teltch signed the chapter 11 filing as the

FTX Dubai, which was created just months before the global crypto exchange collapsed last November, is asking to be exempt from U.S. bankruptcy proceedings, TheStreet.com reported. “FTX Dubai is

Teva Pharmaceutical Industries Ltd has agreed to pay up to $126 million to U.S. hospitals over 18 years to settle claims that its marketing of opioid drugs raised the hospitals' operating costs

Massachusetts securities regulators have opened an investigation into the ways in which investment firms use artificial intelligence in their interactions with investors, citing concerns about the

The Consumer Financial Protection Bureau (CFPB) on Wednesday filed a lawsuit in federal court against auto-loan servicer USASF Servicing (USASF) for a host of illegal practices that harmed individuals

Private equity giant KKR & Co. is poised to hand over embattled payments firm Unzer to a group of creditors, Bloomberg News reported. Debt providers Alcentra Asset Management Ltd, Goldman Sachs Asset

The United Auto Workers union is pressing the Detroit car companies to give its factory workers a 40% pay hike in the next labor contract, an increase that would be the largest in recent memory, the

Taxpayers may finally get relief from paper-based processes that have long frustrated filers and the Internal Revenue Service (IRS) alike, The Hill reported. The IRS is aiming to allow taxpayers to

There were 362 commercial chapter 11 filings registered in July 2023, an increase of 71 percent from the 212 filings registered in July 2022, according to data provided by Epiq Bankruptcy, the leading