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Purdue Pharma to stay in business as bankruptcy unfolds

WHITE PLAINS, N.Y. (AP) — A judge cleared the way Tuesday for OxyContin maker Purdue Pharma to stay in business while it pursues bankruptcy protection and settlement of more than 2,600 lawsuits filed against it in a reckoning over the opioid crisis. At the first court hearing since the Chapter 11 filing late Sunday, Purdue […]

Coal giant Murray Energy seeks bankruptcy protection

CHARLESTON, W.Va. (AP) — A major U.S. coal mining company is seeking bankruptcy protection, despite a flurry of regulatory breaks that its CEO pushed for — and received — from the Trump administration. Ohio-based Murray Energy filed for Chapter 11 bankruptcy reorganization Tuesday, joining a growing list of struggling miners as utilities switch away from […]

Southern burger chain Krystal files for bankruptcy

BIRMINGHAM, Ala. (AP) — Krystal Co., the Georgia-based restaurant chain known for tiny hamburgers and late-night service across the Southeast, has filed for bankruptcy. Federal court documents showed Krystal sought Chapter 11 bankruptcy protection in Atlanta on Sunday. The company said it owed between $50 million and $100 million to food suppliers, equipment companies and […]

Bankruptcy judge thrust into spotlight in Purdue Pharma case

WHITE PLAINS, N.Y. (AP) — The judge overseeing the bankruptcy of OxyContin maker Purdue Pharma warns that real-life court cases don’t unfold like “Perry Mason.” But he’s afraid this one might come to resemble “Dr. Strangelove.” U.S. Bankruptcy Judge Robert Drain of White Plains, New York, has a reputation for thorough preparation, deep experience handling […]

California utility meets with governor amid bankruptcy case

SACRAMENTO, Calif. (AP) — California’s governor called the chief executive of a troubled utility to his office on Tuesday for a closed-door meeting as the company struggles to emerge from a high-profile bankruptcy while facing criticism for its practice of shutting off power for millions of people to prevent wildfires. A spokesman for Gov. Gavin […]

Purdue Pharma files for bankruptcy as part of settlement

Purdue Pharma, the company that made billions selling the prescription painkiller OxyContin, filed for bankruptcy in White Plains, New York, days after reaching a tentative settlement with many of the state and local governments suing it over the toll of opioids. The filing was anticipated before and after the tentative deal, which could be worth […]

APNewsBreak: 395 claims filed in church bankruptcy case

ALBUQUERQUE, N.M. (AP) — Nearly 400 claims have been filed against New Mexico’s largest and oldest Roman Catholic diocese as part of a pending bankruptcy case that stems from the clergy sex abuse scandal, church officials announced Friday. The Archdiocese of Santa Fe reported that 395 people filed claims against the church as of the […]

Email: Opioid talks fail, Purdue bankruptcy filing expected

(AP) — OxyContin maker Purdue Pharma is expected to file for bankruptcy after settlement talks over the nation’s deadly overdose crisis hit an impasse, attorneys general involved in the talks said Saturday. The breakdown puts the first federal trial over the opioid epidemic on track to begin next month, likely without Purdue, and sets the […]

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