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SF Judge Tentatively Approves PG&E Bankruptcy Exit Plan, Will Issue Final Ruling Friday
A U.S. bankruptcy judge in San Francisco on Wednesday tentatively approved PG&E’s $58 billion plan for exiting its Chapter 11 bankruptcy.
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70,000 California Wildfire Victims May Miss Out on Payments
Concerned that as many as 70,000 victims may miss out on payments, attorneys filed court papers Friday to alert the bankruptcy judge that wildfire survivors aren’t aware of their rights to file a claim.
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California Lawmaker Questions if PG&E Went Overboard With Power Outage Warnings
A key state lawmaker is calling on state regulators to more aggressively oversee PG&E’s unprecedented wildfire safety power shutoff that could impact as many as 2.5 million people.
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Victims, Families Gain Key Role in Purdue Bankruptcy Case
Victims of opioid addiction weren’t in the room when OxyContin maker Purdue Pharma persuaded half the state attorneys general to settle claims over the company’s role in the nationwide overdose epidemic. Now that Purdue is in federal bankruptcy court, four people whose lives were touched by addiction have important seats at the table — and could force fundamental changes to...
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Purdue Opioid Deal Blasted as Records Show $13B to Sacklers
Attorneys general representing nearly half the states and lawyers for more than 500 local governments on Friday blasted the terms of Purdue Pharma’s offer to settle thousands of lawsuits over the nation’s opioid crisis in court filings that also said the company had funneled up to $13 billion to its controlling family. Their legal filings said the tentative deal does...
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OxyContin Maker Agrees to Tentative Settlement: Attorneys
Attorneys for some 2,000 local governments say they have agreed to a tentative settlement with OxyContin maker Purdue Pharma over the toll of the nation’s opioid crisis.
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Purdue Pharma Says Settlement Talks in Opioid Cases Not Over
OxyContin maker Purdue Pharma and lawyers representing local governments both said Sunday that they’re interested in continuing negotiations to settle lawsuits over the toll of the opioid crisis a day after two state attorneys general told colleagues that their talks with the company were at an impasse and that they expected the company to file imminently for bankruptcy. The statements...
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PG&E Bankruptcy Judge Gives Tubbs Victims Relief From Legal Limbo
The PG&E bankruptcy judge gave Tubbs fire victims relief from legal limbo on Friday, allowing them to go to state court to try to make the case that the company sparked the most destructive of the North Bay wildfires.
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Federal Judge is Critical of PG&E's Bonus Plan for Top Execs
The federal judge overseeing PG&E’s bankruptcy grilled the company’s lawyer Friday on the troubled utility’s plan to award as much as $20 million in bonuses to more than a dozen top executives, suggesting that he might order that any bonuses come in the form of stock instead of cash.
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PG&E Requests Millions in Bonuses
Pacific Gas & Electric is asking a judge to approve between $235 million to $350 million in bonuses to some 10,000 employees in the midst of its ongoing bankruptcy proceeding.
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OxyContin Maker Purdue Pharma Exploring Bankruptcy: Source
OxyContin maker Purdue Pharma is exploring filing for bankruptcy as one of its options to address potentially significant liabilities from thousands of lawsuits alleging the drug maker contributed to the deadly opioid crisis sweeping the U.S., NBC News confirmed through a source familiar with the matter. The deliberations show how Purdue and its wealthy owners, the Sackler family, are under...
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Judge Dismisses Attempt to Block Santa Clara County Hospitals Sale
A federal judge in Los Angeles on Wednesday dismissed the state attorney general’s move to block Santa Clara County from purchasing two local hospitals after their owner declared bankruptcy.
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Butte County Ravaged by Wildfire Sues PG&E
The Northern California county where a deadly wildfire killed 86 people last year sued Pacific Gas & Electric Co. on Tuesday, a day after the utility announced it will file for bankruptcy.
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Thousands of South Bay Residents Worried About Local Hospital Closure
Thousands of South Bay residents are worried the closest hospital to them is going to close because of bankruptcy.
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‘Dance Moms' Star Miller Has Cancer, Underwent Spine Surgery
Former “Dance Moms” reality TV star Abby Lee Miller has been diagnosed with cancer. Doctor Hooman Melamed tells People.com she contracted what they thought was a rare spinal infection and nearly died this week. The doctor says Miller went to a California emergency room, where her condition deteriorated and she became “paralyzed from the neck down.” He says Miller underwent...
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‘Dance Moms' Star Abby Lee Miller Awaits Bankruptcy Fraud Sentencing
The federal bankruptcy fraud sentencing for former “Dance Moms” reality star Abby Lee Miller is set to conclude before a federal judge in Pittsburgh.
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50 Cent's Case Heads to Court for Bankruptcy Case
A Connecticut bankruptcy judge has ordered rapper 50 Cent to explain Instagram photos showing him surrounded by wads of cash.
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Judge Approves Stockton's Bankruptcy Plan
A judge on Thursday approved a debt plan by Stockton, California, one of the largest U.S. cities to declare bankruptcy, allowing it to reorganize more than $900 million in long-term debt and put more than two years of financial uncertainty behind it.
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SOLD! Atlantic City's Revel Casino Goes to Highest Bidder
A federal bankruptcy judge on Tuesday approved the sale of Atlantic City’s former Revel Casino Hotel for 5 cents on the dollar to a Toronto asset management firm. Judge Gloria Burns approved the sale to Brookfield Asset Management for $110 million.