Deadline arrives for sex-abuse claims in Boy Scouts bankruptcy case, with tens of thousands filed
SEATTLE — Before a Monday deadline, tens of thousands of men — including scores from Washington — already have filed sexual-abuse claims against the Boy Scouts of America (BSA) in a federal bankruptcy case the national organization hopes will help it emerge from the cloud of a decades-old scandal.But the sheer flood of claims that already have rolled in has revealed the hidden horrors of pedophilia perpetuated in scouting programs at a level vastly more widespread than previously known, some claimants lawyers said.Not only does the far-reaching bankruptcy case now jeopardize the national BSA’s...
The Seattle Times
Mall-owner PREIT to file for bankruptcy in restructuring bid amid COVID headwinds
PREIT, the troubled owner of malls throughout the region including Center City’s Fashion District Philadelphia, filed for Chapter 11 bankruptcy Sunday in what it describes as a “prepackaged” restructuring plan aimed at unlocking $150 million in new borrowing.PREIT, whose initials stand for Pennsylvania Real Estate Investment Trust, said in a news release that it will continue operations without interruption while it obtains necessary approvals for the plan.The Chapter 11 petition comes about two weeks after the company first outlined the restructuring plan, saying it aimed to avoid a bankruptc...
The Philadelphia Inquirer
Few new movies, small crowds: Can AMC and B&B theaters survive the pandemic?
At AMC Town Center in the Kansas City suburb of Leawood, Kan., the 20-screen complex has a few recent offerings: There’s a new comedy starring Robert DeNiro and Rob Riggle, Christopher Nolan’s “Tenet” and a thriller with Russell Crowe.But it’s the oldies that tell the story of how the coronavirus pandemic has shaped the movie theater industry. The multiplex is showing classics like “The Shining,” “Hocus Pocus” and “Monsters, Inc.,” all more than a quarter-century past their initial theater debuts.The lack of new releases has been a major impediment for movie theaters, which have been uniquely ...
The Kansas City Star
Bankrupt Mallinckrodt may still be expected to help shoulder nuclear cleanup costs
ST. LOUIS — Two sets of nuclear waste complaints against Mallinckrodt have been thrown into question in a two-week span, while the company restructures in bankruptcy court.Facing a wave of lawsuits and a $1.6 billion settlement stemming from its role in the national opioid crisis, the company with deep St. Louis roots filed for protection from creditors on Monday.While industry analysts have focused on Mallinckrodt’s future as a drugmaker, the company also faces potential liabilities for work a predecessor company, St. Louis-based Mallinckrodt Chemical Works, performed decades ago, when it pro...
St. Louis Post-Dispatch
Can canned tuna giant Bumble Bee recover from bankruptcy and scandal?
SAN DIEGO — Bumble Bee Seafoods, the 120-year-old canned tuna giant, is trying to make tinned fish cool again.With viral YouTube ads, a trendy campaign targeted toward millennials and Gen Z, and a worldwide pandemic that skyrocketed the sale of canned goods, they have a few good things going for them. But the company — shaken by bankruptcy and industry scandal that landed its former CEO in prison — has a long way to go before it can claim a complete turnaround.Earlier this year, Bumble Bee’s longtime CEO Christopher Lischewski was sentenced to three years in prison for his lead role in a lengt...
The San Diego Union-Tribune
Catholic Diocese of Rockville Centre, facing multiple sexual abuse lawsuits, files for Chapter 11 bankruptcy
NEW YORK — The beleaguered Diocese of Rockville Centre, facing dozens of sex abuse lawsuits, filed for Chapter 11 bankruptcy Thursday.The Long Island Catholic diocese — one of the largest in the country — said the bankruptcy filing was necessary to move forward while managing litigation costs, settlements with sexual abuse survivors and disputes with its insurers.The cases against them have been mounting ever since the Child Victims Act passed last year opened the legal window for victims to sue the Catholic Church and other institutions.“We believe that this process offers the only way to ens...
New York Daily News