Skip to main content

Newsroom Headlines

U.S. Manufacturing Slump Deepens, Factory Gate Price Pressures Subdued

U.S. manufacturing slumped further in June, reaching levels last seen when the nation was reeling from the initial wave of the COVID-19 pandemic, but price pressures at the factory gate continued to

Monster Beverage to Acquire Bang Energy Out of Bankruptcy for $362 Million

Monster Beverage agreed to acquire bankrupt beverage maker Bang Energy in a deal that would bring the beleaguered brand under control of one of the industry’s largest players, The Wall Street Journal

SEC Charges Window Maker View, Ex-CFO Over Accounting Fraud

The U.S. Securities and Exchange Commission charged View Inc., the maker of "smart" windows whose tinted panes adjust with the sun, and a former chief financial officer for understating the costs of

In Big Tech Layoffs, Cooks and Janitors Are Hit Hardest

For years, tech giants like Facebook and Google have been known for generous perks like free food and massages, outfitting their sprawling campuses in Silicon Valley and beyond to attract the best

Deadline Approaching for Norton Judicial Excellence Award

All nominations for the annual Judge William L. Norton, Jr. Judicial Excellence Award must be received no later than July 17, 2023. This award, co-sponsored by American Bankruptcy Institute (ABI) and

Biden Administration Plots New Course to Get Relief for Student Loan Borrowers

President Biden on Friday announced new actions to offer student loan borrowers some forgiveness, reintroducing his forgiveness plan grounded in the Higher Education Act (HEA), The Hill reported

J&J Fights to Save Legal Strategy That Would End Cancer Lawsuits

Johnson & Johnson wrapped up a trial today to determine if the health care giant is misusing the bankruptcy system for the second time in less than two years in a bid to force an end to about 40,000

Christmas Tree Shops to Liquidate All Stores

Discount home-goods retailer Christmas Tree Shops is headed for liquidation after defaulting on a loan that funds its bankruptcy, the Wall Street Journal reported. The 82-store chain filed for

Lucky Bucks Noteholders Score a Win in $250 Million Dividend Dispute

A U.S. bankruptcy judge on Friday said she would not allow slot machine operator Lucky Bucks to settle legal claims arising out of a $250 million dividend to insiders, siding with noteholders who are

AMC Fights Meme-Stock Investors in Court

A judge is weighing a dispute between AMC Entertainment, the troubled movie-theater chain that capitalized on the enthusiasm of meme-stock investors to help it survive the COVID-19 pandemic, and some