Dietrich Knauth

Restaurant chain Hooters of America filed for bankruptcy in Texas on Monday, seeking to address its $376 million debt by selling all of its company-owned restaurants to a franchise group backed by the company’s founders.

A U.S. bankruptcy judge on Monday rejected Johnson & Johnson's $10 billion proposal to end lawsuits alleging that its baby powder and other talc products cause ovarian cancer, marking the third time the company's bankruptcy strategy has failed in court.

A federal judge on Friday ordered U.S. President Donald Trump's administration to temporarily pause its efforts to shut down Voice of America, stopping the government from firing 1,300 journalists and other employees at the U.S. news service that were abruptly placed on leave earlier this month.

The U.S. Supreme Court on Wednesday ruled that bankruptcy trustees may not claw back allegedly fraudulent federal tax payments made more than two years before a company's bankruptcy filing.

Voice of America journalists and their unions sued the Trump administration on Friday, saying that the shutdown of U.S.-funded news agencies violated the workers' First Amendment right to free speech.

Bankrupt drugmaker Purdue Pharma filed a new bankruptcy plan on Tuesday, a major step towards finalizing a proposed opioid settlement of at least $7.4 billion after a setback in the U.S. Supreme Court last year.

U.S. film producer Village Roadshow Entertainment Group is “open to all bids” for a film library that includes rights to well-known movies like The Matrix, Ocean’s Eleven, and The Joker, a company attorney said on Tuesday at a court hearing a day after filing for bankruptcy.

President Donald Trump’s purge of government employees has hit the Justice Department’s bankruptcy watchdog, with the firing of the director of the Office of the U.S. Trustee.

Telecommunications company Mitel Networks Corp filed for Chapter 11 bankruptcy protection in Texas late Sunday, seeking to complete a restructuring that will eliminate $1.15 billion in debt.

A U.S. bankruptcy judge in Texas on Monday approved a $75 million bankruptcy plan by an affiliate of prison healthcare company YesCare, after a compromise that allowed prisoners and their families to walk away from the deal and instead pursue lawsuits alleging that the company provided poor medical care.