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.
May 12, 2010 |
Owing $2.3 million but holding just $102,000 in savings and cash, the Pasadena Playhouse filed for Chapter 11 bankruptcy Monday night in hopes of regaining its financial footing and eventually resuming performances on a stage that has been dark since Feb. 7. Stephen Eich, the nonprofit theater company's executive director, had no comment Tuesday about what might happen next but said playhouse leaders hope to provide more details in the coming days...
October 21, 2000
Troubled Premier Laser Systems Inc. said Friday that it has tentatively agreed to sell assets of its EyeSys Corneal Topography division to ProLaser Ltd. in Duesseldorf, Germany. ProLaser will acquire the intellectual property, customer base and inventory of the EyeSys division. ProLaser expects to close the deal Dec. 8.
June 1, 2006 |
A $280-million-a-year concession agreement between Delta Air Lines Inc. and its pilots was approved Wednesday by a U.S. Bankruptcy Court judge. The decision rejected claims by the government's pension insurer that it should receive the compensation the pilots were promised if their pension is terminated. The decision came hours after pilots approved the deal. The agreement, which runs through 2009, will take effect today.
January 9, 1987 |
The controversial saga of Financial Dynamics founder Richard E. Donovan continued Thursday, as a bankruptcy trustee prepared to take control of millions of dollars in assets once held by the investment entrepreneur who ran afoul of state officials. The move follows a decision by U.S. Bankruptcy Court Judge Barry Russell to turn down the request of Nancy R. Schauer, an attorney who previously had been sorting out Donovan's dealings, to terminate the bankruptcy proceeding.
July 12, 2011 |
Reporting from Phoenix — The Dodgers might not emerge from Bankruptcy Court for months, but Commissioner Bud Selig alluded Tuesday to the future of the team without Frank McCourt as its owner. Selig avoided speaking directly about McCourt, but the commissioner recalled hearing last year how bad the Texas Rangers' bankruptcy would be for baseball. The Rangers were sold in a Bankruptcy Court auction. "It didn't turn out terrible," Selig said. "They wound up getting a great price and a wonderful ownership group.
CALIFORNIA | LOCAL
February 4, 2012 |
The Los Angeles Dodgers on Friday asked a federal bankruptcy judge to reject all claims for damages filed by San Francisco Giants fan Bryan Stow over his severe beating in a Dodger Stadium parking lot on Opening Day of the 2011 season. Attorneys for the team and its owner, Frank McCourt, argued that none of the entities in the baseball club's corporate structure have any liability for the March 31 assault that left Stow in a coma for months. Stow sued the Dodgers in May, alleging negligence and poor security arrangements at the ballpark.