This week on The Broke and the Beautiful, Lou Pearlman’s bankruptcy trustee has filed a plan to repay investors, and Dionne Warwick is taking on the IRS. Also, the fight between Sly Stone and his ex-manager continues in bankruptcy court.
Patriot Coal Corp.’s chief executive and the head of its mine workers’ union traded barbs Wednesday after the union accused the company of walking out of negotiations to reach new labor terms. Read the Daily Bankruptcy Review article via The Wall Street Journal.