September 15, 2004 |
US Airways Group Inc.'s unions, defying management's efforts to win labor concessions to keep the company afloat, are unlikely to give up pay and benefits despite a threat of court-imposed cuts, a labor leader and consultants said Tuesday. US Airways sought bankruptcy protection from creditors Sunday after failing to win agreements for $800 million in concessions from the unions, including pilots, who refused to vote on a proposal, and mechanics, who declined to discuss the request.
March 7, 2012 |
U.S. Bankruptcy Judge Kevin Gross on Wednesday urged attorneys for Bryan Stow and the Dodgers to settle their dispute without his intervention. Stow is the San Francisco Giants fan who was beaten and critically injured in the Dodger Stadium parking lot on opening day last year. His attorneys filed a civil suit against the Dodgers in Los Angeles Superior Court and a subsequent claim against the team in Bankruptcy Court. They have said Stow will need lifelong medical care and cited $50 million as a "conservative total estimate" of his damages.
August 2, 1985
The Houston-based high-fashion speciality store--one of the last still owned by its founding family--reported that it will seek protection from its creditors under the U.S. Bankruptcy Code rather than sell to a competitor. The 83-year-old business filed a petition with the U.S. bankruptcy court seeking time to scale down its operations, reorganize and return to profitability.
March 5, 1994 |
The co-founder of the Orange County software firm that contends it developed the popular Quicken personal finance program has filed a racketeering and fraud suit against the company and numerous individuals, including several attorneys who were involved in his recent bankruptcy. In the suit, filed Friday in U.S. District Court in Los Angeles, Charles G. Milden accuses State of the Art Inc.
May 19, 1999 |
Imagyn Medical Technologies Inc. wants a judge to reject creditors' bids to liquidate the struggling medical-device maker, allowing the company instead to reorganize in bankruptcy court and pay off more than $160 million in bond debt. Imagyn executives filed papers Tuesday in U.S. Bankruptcy Court in Wilmington, Del., to convert its creditors' bankruptcy petition to a Chapter 11 bankruptcy reorganization that would allow the company to come up with a plan to regain profitability.
January 26, 1999 |
Retailer J. Peterman is seeking Bankruptcy Court protection from its creditors. The catalog company, whose nostalgic, high-priced clothing and accessories have inspired imitation as well as satire on the sitcom "Seinfeld," said holiday sales were poor. The U.S. Bankruptcy Court in Lexington, Ky., where the retailer is based, is to consider motions in the filing today. The petition is under Chapter 11 of the U.S.
February 6, 1986 |
Osborne Computer, whose quicksilver success was more than matched by its breathtaking descent, has ceased operations and will be liquidated, its creditors said Wednesday. Osborne's official creditors' committee said it had asked the bankruptcy court to declare the Fremont, Calif., company in default of the terms of its Chapter 11 reorganization. A liquidation trustee, Jerome E. Robertson, was appointed Jan. 31 to oversee the sale of the company's inventory and assets.
March 19, 2013 |
American Airlines is defending a plan to pay its departing chief executive a severance payout of nearly $20 million after the airline completes a merger with US Airways. The parent company of American Airlines, AMR Corp., which filed for bankruptcy in 2011, recently submitted a request to a bankruptcy court to make the payment to its chief executive, Thomas Horton. After the merger is completed, Horton will be replaced by US Airways Chief Executive Doug Parker and will take the post of board chairman for the new airline.