Liquidation

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Minnesota lawmakers have passed legislation to protect nonprofits and religious groups from the so-called clawback lawsuits that are a crucial tool for recovering funds stolen from Ponzi-scheme victims.

That’s the idea behind the bill that now sits on the governor’s desk. If signed into law, the bill would limit the odds that these organizations could be sued under a current state law allowing the reversal of payments made in a fraudulent manner, according to the Star Tribune.

Analysts surveyed by Thomson Reuters expected new vehicles to sell at an annualized rate of roughly 14.7 million. This is slightly down ... was able to turn the company around and avert bankruptcy and a government bailout. Ford was the only ...

NEW YORK (AP) — Ground beef processor AFA Foods said Monday that it is filing for Chapter 11 bankruptcy protection and selling its assets after the public outcry over the beef filler known as “pink slime” derailed its efforts to save its ...

Oakland-based Solar Millennium, Solar Trust of America and a group of affiliates filed for bankruptcy on Monday to reorganize their ... The San Francisco-based utility also awarded Earley $7.4 million in stock options. Peter Darbee, CEO of PG&E at the ...