bankruptcy lawsuit News

The billionaire Italian family that until recently owned Brooks Brothers has been accused in a lawsuit of driving the iconic apparel retailer into bankruptcy instead of selling it, to avoid paying millions of dollars to an investor. In a complaint …

A coalition of U.S. environmental groups said Arch Coal’s plan to emerge from bankruptcy fails to describe how the coal producer would finance its mine clean-up obligations, according to a filing in a St. Louis federal court. Coal companies are …