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Sinclair Broadcast Sued by its Struggling Diamond Sports Group Subsidiary

Diamond Sports Group, the struggling subsidiary of Hunt Valley, Md.-based Sinclair Broadcast Group that owns regional sports networks, has entered a legal fight with Sinclair as part of Diamond’s

Santa Barbara News-Press Declares Bankruptcy, Ceases Publication After More Than 150 Years

After more than 150 years of newsgathering, the Pulitzer Prize-winning newspaper Santa Barbara News-Press has posted its last online edition a month after the News-Press ceased publication of its

AMC Entertainment Shares Soar After Judge Blocks Equity Transactions

AMC Entertainment shares soared 70% after-hours Friday after a judge rejected a proposed court settlement that would have cleared the way for the movie-theater giant to complete a set of equity

Objections Filed Against U.S. Trustee's Motion in Arizona Sports Venue Bankruptcy

Parties in a bankruptcy case involving a bond-financed Arizona participant sports venue objected to a motion to either appoint an independent chapter 11 trustee or dismiss the case, arguing either

Anchor Brewing Owner Would 'Gladly Consider' Takeover Offer from Employees

San Francisco's landmark Anchor Brewing Co., which has announced plans to cease operations after more than 126 years, says it's willing to consider a takeover by employees, CBSNews.com reported. The

Williams Industrial Services Files for Bankruptcy Protection

Williams Industrial Services Group filed for chapter 11 protection in a U.S. Bankruptcy Court for the District of Delaware on Saturday, according to court documents, Reuters reported. The company

Judge Orders Montana Health Clinic to Pay Nearly $6 Million over False Asbestos Claims

A health clinic in a Montana town plagued by deadly asbestos contamination must pay the government almost $6 million in penalties and damages after it submitted hundreds of false asbestos claims, a

Lawsuit Filed Against FTX Founder and Former Executives

Lawyers for FTX have sued the company’s founder and former CEO, Sam Bankman-Fried, along with three other former executives, PYMNTS reported. The lawsuit claims that Bankman-Fried and his team

Trucking Company Yellow Is Losing Customers as Teamsters Strike Looms

Debt-laden trucking company Yellow, one of the nation’s largest freight carriers, is trying to stave off a labor action that is sending shipping customers rushing to rival operators, adding to

Bally Sports Bankruptcy Gets Bloodier: Diamond Files Suit Against Sinclair and JP Morgan, Tries to Claw Back $1 Billion Preferred Equity Repayment

Sinclair Broadcast Group is being sued by the bankrupt subsidiary it set up four years ago to manage a collection of 19 regional sports networks it paid, ruinously as it turned out, $10.6 billion to