She says J&J's shunting of baby-powder liabilities into a separate unit, then putting that entity in bankruptcy, allowed the company to clearly define how big its talc liabilities would be.

As insurers continue to balk at business-interruption payments related to coronavirus shutdowns, larger companies with specialized legal teams are starting to file suits.

For businesses that were struggling before the pandemic struck, the federal stimulus bill "may not be the economic life preserver companies and their lenders were hoping for."

Bankruptcies have hit manufacturers hard.

Casino operator's creditors have until midnight to accept offer of more than $5 billion in cash, new debt and stock.

Casino operator's creditors have until midnight to accept offer of more than $5 billion in cash, new debt and stock.

Judge suspended bondholders' cases while company goes through bankruptcy reorganization.

Judge suspended bondholders' cases while company goes through bankruptcy reorganization.