Subject:

Company Bankruptcies

  • Blogs

    January 10, 2012

    Maker of Twinkies to File for Chapter 11: More Food News for Hoarders

    ​If you've been stockpiling Twinkies since childhood, it's time to load up even more. And no, not because they're having a Hoarders casting call. The Wall Street Journal reports today that Hostess Brands Inc., the maker of Twinkies (and Wonder Bread, if you fetishize that too) is preparing to ... More >>

  • Blogs

    September 23, 2011

    Major League Baseball Asks Court To Force Frank McCourt To Sell The Dodgers

    Frank McCourt​This is a big day in the history of the L.A. Dodgers. Major League Baseball has asked a bankruptcy judge to order that the team be sold at auction.This is not a surprise, but it is quite something to see MLB lay out its case in black and white. The motion, posted after the jump, argu ... More >>

  • Blogs

    July 22, 2011

    Judge Denies Frank McCourt's Bankruptcy Loan, As Major League Baseball Tightens Its Grip On Dodgers

    Frank McCourt​Updated with judge's ruling, McCourt's lawyer's statement. Continuing Frank McCourt's unbroken streak of losing court decisions, a Delaware judge today rejected his costly bankruptcy loan, opting instead for cheaper terms offered by Major League Baseball.Despite what everybody will s ... More >>

  • Blogs

    July 11, 2011

    Married Same-Sex Couples Can Legally File For Joint Bankruptcy in U.S. Court

    Aw, they're broke like the rest of us.​It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness ... Innit? The U.S. Justice Department last week decided to back off on its costly opposition to married same-sex couples' joint bankruptcies, u ... More >>

  • Blogs

    June 28, 2011

    Frank McCourt Files Dodgers for Bankruptcy -- But That's the Least of Their Problems

    Manny's still waiting on $21 mill.​Update: After a historic Dodgers victory last night, the court just approved McCourt's request to file the team for bankruptcy. But at this point, Dodger fans (fiercely loyal off the big win) won't be so easy to convince. Originally posted at June 27 at 1:3 ... More >>

  • Blogs

    September 8, 2010

    L.A. City Council To Again Consider Fate of 1601 N. Vine

    ​Having at least twice pushed off final approval for sale of 1601 N. Vine to developer Hal Katersky, the City Council will again consider today what to do with the prime spot, though at this point their desire to slow walk it is understandable. As the Times noted in a brutal profile that ran ... More >>

  • Blogs

    April 15, 2009

    Morning Sixpack: A News Roundup

    ACLU Calls Jail Bedlam The American Civil Liberties Union has released a report Tuesday decrying mental health conditions at the Men's Central Jail. The group calls for the closing of the facility if swift changes cannot be made. L.A. Daily NewsHeight Law Shortened A county judge has thrown out port ... More >>

  • Blogs

    March 9, 2009

    Pacific Energy Bankruptcy: Another Southland Domino?

    Long Beach-based Pacific Energy Resources, whose drilling explorations extend from Wyoming to offshore California to Alaska, filed for bankruptcy today. The Chapter 11 move comes amid continued economic chaos and plunging demand for oil. Only last June PE's president, Darren Katic, told an interview ... More >>

  • Blogs

    February 12, 2009

    The Day the Muzak Died

    Muzak has filed for Chapter 11 bankruptcy protection -- but it doesn't put the blame on illegal downloads of its marzipanny melodies. Instead, the company pointed to longstanding debt and the cancellation of contracts by companies put out of business during the recession. A New York Times notice men ... More >>

  • Columns

    January 15, 2009

    Dressing Down With the 99 Cent Calendar Girls

    Also, stores that are "so last year," and wearable pop art

  • Blogs

    December 9, 2008

    Zellout! Tribune Co.'s Bankruptcy Stokes Anti-Semitic Bloggers

    Among other things, the Tribune Company's announcement that it is seeking Chapter 11 bankruptcy protection has reliably sparked a chorus of anti-Semitic comments in the far-right blogosphere. (Sam Zell photo via Gawker)

  • Blogs

    September 29, 2008

    Alt-Weeky Chain Creative Loafing Files Chapter 11

    Amidst the failed federal bailout and the ensuing stock market tumble, the media world had its own depressing contribution to today's news cycle. Tampa-based Creative Loafing, owners of the second largest alternative weekly chain in the country, filed for Chapter 11 bankruptcy protection today. T ... More >>

  • Supplement

    November 26, 1998

    1987 Timeline

    Amidst the failed federal bailout and the ensuing stock market tumble, the media world had its own depressing contribution to today's news cycle. Tampa-based Creative Loafing, owners of the second largest alternative weekly chain in the country, filed for Chapter 11 bankruptcy protection today. T ... More >>

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