A group of United Air Lines pilots have filed a class action against their union, accusing it of unfairly allocating their compensation funds and discriminating against older employees.
A U.S. bankruptcy judge has rejected Pfizer Inc.’s attempt to dismiss claims from insurance companies entangled in the Chapter 11 proceedings of its subsidiary, Quigley Company Inc., which was brought down by product liability claims.
The Northwest Airlines Inc. pilots union sued the bankrupt airline on Friday for implementing a number of bonus plans without the union’s consent.
Bankrupt auto parts supplier Collins & Aikman Corp. has objected to an attempt to have a fee examiner appointed in its Chapter 11 case.
Swayed by Lionel LLC's argument, a Manhattan bankruptcy court has granted the toy train maker a fourth extension of its exclusive right to file a reorganization plan as the company awaits the outcome of a key trade secrets battle.
Bankrupt Delphi Corp. has sued its insurer over a $19 million legal bill the auto parts maker chalked up while defending itself against accusations of securities fraud.
Bankrupt Delta Air Lines Inc. has offered holders of Cincinnati airport-issued bonds $260 million in unsecured claims and an airline note for $67 million after striking a new lease deal.
Interstate Bakeries Corp. has asked a bankruptcy court to bump up the salaries of its directors by $45,000 apiece to prevent the executives from jumping ship.
Accounting firm KPMG has applied to the court for $2.2 million it is owed for auditing work it performed for Foamex International Inc. while the company was in bankruptcy.
The U.S. Trustee in London Fog Group Inc.’s bankruptcy proceedings has objected to the rainwear maker’s plan to pay incentive bonuses to its chief financial officer and retention payments to three accounting professionals.
In a victory for auto parts maker Collins & Aikman Corp., the bankrupt company's recently filed reorganization plan has won the approval of Japanese car maker Nissan Motor Co.
The unsecured creditors involved in the bankruptcy case of Northwest Airlines have objected to a motion that would create an official shareholder committee, arguing that formalizing the group would detract from the proceedings.
Creditors in large bankruptcies generally recover a lot more than creditors in small bankruptcies, a new study has found.
The U.S. Supreme Court has ruled that debtors cannot convert a bankruptcy case from one chapter of the Bankruptcy Code to another if they show “bad faith” in their initial filing.
Adelphia Communications Corp. may have recently emerged from bankruptcy protection, but the fighting over the distribution of the cable provider’s assets is far from over.
After recently emerging from Chapter 11, insulation maker Owens Corning has settled with the state of Illinois, exchanging a $2.25 million unsecured claim for immunity from asbestos-related damages.
The U.S. Supreme Court on Tuesday declined to hear a case in which UAL Corp. employees alleged that the fiduciary of the company’s employee stock ownership plan breached its duty in the days before the airline declared bankruptcy in 2002.
The unsecured creditors of ladder maker Werner Co. have agreed to bury the hatchet and scrap their challenge to a group of second-lien lenders, though certain restrictions apply to the deal.
On the eve of trial, the Roman Catholic Diocese of San Diego has threatened to file for bankruptcy in an attempt to temporarily sidestep more than 140 lawsuits accusing priests of sexual abuse.
The union representing workers at bankrupt Dura Automotive Systems Inc. has objected to an incentive program that rewards executives for transferring close to 2,000 jobs to Mexico and Eastern Europe.