Bankruptcy Law News

Solutia sells pharma services biz to Indian firm
OutSourcing-Pharma.com, France - May 30, 2006... Solutia filed for Chapter 11 bankruptcy protection in December 2004, in a bid to shake off its responsibility for legal, environmental and retirement costs ...

GM names new North American leader
News 14 Charlotte, NC - May 31, 2006... wage cuts proposed for Delphi workers. Delphi filed for Chapter 11 bankruptcy protection in October. As part of an agreement reached ...

Out of the woodwork
Victorville Daily Press, CA - May 31, 2006... The retailer, which started as a mom-and-pop and expanded to three locations in two years, filed for Chapter 11 bankruptcy reorganization on March 24 but ...

Costco Profit Misses Estimates
123Jump.com, FL - May 31, 2006... more than 13 million. Adelphia, which filed for Chapter 11 bankruptcy in 2002 has over 5 million subscribers. The America Channel ...

Dana seeks OK for severance pay
Dana Corp. is asking a federal judge for permission to make nearly $6.4 million in severance payments to employees in divisions that the auto-parts supplier plans to sell or close. The request comes as Dana attempts to shed some businesses while operating under bankruptcy protection.

Ex-Democrat chief admits embezzlement
Former Sussex County Democratic Chairman Charles Cart pleaded guilty yesterday in U.S. District Court in Newark to embezzling from a Newton-based union that he founded, authorities said.