Edition:
India

Mike Spector

PG&E in talks with BlueMountain to possibly expand board: sources

11 Apr 2019

NEW YORK California utility owner PG&E Corp is exploring expanding its board as it navigates bankruptcy proceedings in an effort to potentially settle an ongoing battle with shareholder BlueMountain Capital Management LLC, people familiar with the matter said on Wednesday.

Exclusive: J. Crew turns again to debt restructuring lawyers - sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

J.Crew turns again to debt restructuring lawyers -sources

28 Mar 2019

J. Crew Group Inc has tapped restructuring lawyers for the second time in as many years to explore options for reworking its debt, as the U.S. clothing chain struggles with falling sales and a dwindling cash pile, people familiar with the matter said on Thursday.

Purdue Pharma agrees to $270 million settlement in Oklahoma opioid case

27 Mar 2019

OxyContin maker Purdue Pharma LP and members of the wealthy Sackler family that own the company reached a $270 million settlement to resolve a lawsuit brought by the state of Oklahoma accusing the drugmaker of fuelling an opioid abuse epidemic. | Video

Exclusive: Retailer Pier 1 taps debt restructuring lawyers - sources

14 Mar 2019

Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday, sending shares of the U.S. home furnishing retail chain sharply lower.

Exclusive: Retailer Pier 1 taps debt restructuring lawyers - sources

14 Mar 2019

U.S. home furnishing retail chain Pier 1 Imports Inc has tapped debt restructuring lawyers to navigate potential negotiations with lenders as it struggles with falling sales, people familiar with the matter said on Thursday.

Exclusive: OxyContin maker Purdue Pharma exploring bankruptcy - sources

05 Mar 2019

OxyContin maker Purdue Pharma LP is exploring filing for bankruptcy to address potentially significant liabilities from roughly 2,000 lawsuits alleging the drugmaker contributed to the deadly opioid crisis sweeping the United States, people familiar with the matter said on Monday. | Video

U.S. bankruptcy judge approves sale of Sears to Chairman Lampert

08 Feb 2019

NEW YORK A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs.

Exclusive: PG&E to tap restructuring chief in final bankruptcy preparations - sources

29 Jan 2019

California utility owner PG&E Corp is preparing to name a restructuring chief as it finalizes preparations for a bankruptcy filing expected to come as soon as early Tuesday morning, people familiar with the matter said.

World News