Newsroom Headlines

Lawyers for biopharmaceutical company Sorrento Therapeutics disputed allegations that they committed bankruptcy fraud, saying that a bank account and mailbox created in Texas justified a chapter 11

Rudolph Giuliani must pay the $148 million debt he owes two Georgia election workers — despite his bankruptcy, the pair said in a new complaint, Bloomberg Law reported. The judge overseeing the former

At least one lender to Express Inc. has approached the retailer to put aside a pool of money for expenses tied to a potential future bankruptcy filing, Bloomberg News reported. A demand to set aside

Texans will get the biggest share of President Joe Biden’s newest effort in canceling billions of dollars in student debt, a sign that more borrowers in the state have struggled to pay off

Bankrupt cryptocurrency exchange FTX received court approval to sell its stake in Anthropic, an artificial-intelligence startup in which Amazon.com and Google late last year agreed to invest billions

Baudax Bio, a Malvern, Pa.-based biopharmaceutical company spun out of Recro Pharma more than four years ago, has filed for U.S. Bankruptcy Court protection, the Philadelphia Business Journal reported

A New Jersey-based police training firm singled out in a government watchdog report for its “vulgar” and “unconstitutional” lessons has since relocated to Florida and declared chapter 11 bankruptcy as

The North Carolina Theatre, Raleigh’s largest professional theatre company producing live musical theatre for the past 40 years, announced on Friday they are filing for chapter 11 protection, WRAL.com

A U.S. judge said that Barclays must face part of a proposed class action by shareholders over the British bank's sale of $17.7 billion more debt than regulators had allowed, Reuters reported. U.S

More U.S. banks will fail as the commercial real estate crash begins to work its way through to lenders’ balance sheets, according to Joshua Pack, co-chief executive officer at Fortress Investment