bankruptcy

OxyContin
Jeff Chiu/AP, file
AP News
September 17, 2019 - 7:49 am
Purdue Pharma gets its day in court after the OxyContin maker filed for bankruptcy and negotiated a potential multi-billion dollar settlement to resolve thousands of lawsuits. Read what to expect here.
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Aa pharmacist in San Francisco poses for photos holding a bottle of OxyContin.
Jeff Chiu/AP Photo, File
Mark Abrams
September 16, 2019 - 7:57 am
Purdue Pharma, the company that makes OxyContin, filed for bankruptcy protection on Sunday, but Pennsylvania's Josh Shapiro is among 20 state attorneys general objecting to it.
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Refinery fire
Eduardo Munoz Alvarez/Getty Images
Mark Abrams
September 11, 2019 - 7:43 pm
The union representing workers furloughed after Philadelphia Energy Solutions decided to shut down after a June fire is expressing outrage over millions of dollars in bonuses paid to executives just before the company filed for bankruptcy.
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Hahnemann University Hospital
Holli Stephens/KYW Newsradio, file
Mike DeNardo
September 05, 2019 - 3:42 pm
A bankruptcy judge has approved the sale of Hahnemann University Hospital's 570 residency slots for $55 million. Read more here.
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Greg Hunt holds a school photo of himself.
Chris O'Meara/AP
AP News
August 30, 2019 - 8:04 am
The Boy Scouts of America is facing a threat from a growing wave of lawsuits over decades-old allegations of sexual abuse.
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OxyContin
Toby Talbot/AP, file
AP News
August 28, 2019 - 12:54 pm
COLUMBUS, Ohio (AP) — Purdue Pharma and the thousands of state and local governments suing the maker of OxyContin over the nation's deadly opioid crisis are negotiating a $10 billion to $12 billion settlement under which the Sackler family would give up ownership of the company, according to...
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Counselor to the President Kellyanne Conway speaks to members of the media outside of the West Wing on the North Lawn of the White House in Washington, Wednesday, Aug. 7, 2019.
Andrew Harnik/AP Photo
August 20, 2019 - 10:10 am
By Zeke Miller and Josh Boak, Associated Press WASHINGTON (AP) — The "fundamentals" of the U.S. economy are solid, the White House asserted, invoking an ill-fated political declaration of a decade ago amid mounting concern that a recession could imperil President Donald Trump's reelection...
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Hahnemann University Hospital
Mark Abrams/KYW Newsradio
Cherri Gregg
August 19, 2019 - 5:43 pm
WILMINGTON, Del. (KYW Newsradio) — The owners of Hahnemann University Hospital and St. Christopher's Hospital for Children were in bankruptcy proceedings Monday in Delaware, battling over the budget for the wind down and sale of the hospital assets. The battle over the proposed budget involves the...
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In this July 16, 2019, file photo a pedestrian reflect in a store window at Barneys department store in New York.
Bebeto Matthews/AP Photo, File
August 06, 2019 - 8:44 am
NEW YORK (AP) — Barneys New York is filing for Chapter 11 bankruptcy protection, the latest retailer to buckle as shoppers move online and real estate costs soar. The iconic clothier founded almost a century ago will keep the doors open at its 10-story Madison Avenue store, but its secured $75...
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Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy.
Liam McBurney/PA Images/Getty
August 05, 2019 - 11:17 am
By Chris Isidore, CNN Business (CNN) -- Harland and Wolff, the 158-year-old shipyard in Northern Ireland that built the Titanic, is preparing for bankruptcy. The company will ask a UK court to name an administrator who will oversee its restructuring, a Harland and Wolff spokesman said. The shipyard...
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