Beyond Bankruptcy

A court in The Hague has ruled that Russia owes former shareholders of the now-defunct oil giant Yukos more than $50 billion in compensation for the government’s seizure of the company, The Wall Street Journal reports.

Republic of Texas Brands Inc., which exited Chapter 11 bankruptcy protection earlier this month, is blazing a new trail in Texas.

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Four years after emerging from bankruptcy, CLEAR, a biometric identification service that allows customers to zip through security screenings, is preparing to open fast lanes in new airports across the country.

According to CLEAR President and Chief Financial Officer Ken Cornick, the Manhattan company, whose screening services are available at nine U.S. airports, will enter McCarran International Airport in Las Vegas, a hub for many conferences and conventions. The new lanes could open as soon as next month.

The collapse of Corinthian Colleges Inc. is raising questions about the Obama administration’s aggressive handling of one of the country’s largest for-profit education companies, which was hemorrhaging money before regulators cut off its federal funding. The Wall Street Journal has the Daily Bankruptcy Review article here.