insolvency and bankruptcy courts

Purdue Pharma allowed bonus payout in bankruptcy case

The judge overseeing the bankruptcy case for opioid-maker Purdue Pharma issued an interim order late Wednesday allowing the company and its subsidiaries to continue paying its employees, former employees and retirees.

Sears' massive legal fees are adding up

Sears' creditors are waiting to learn how much money they'll recoup from its bankruptcy case. The only thing that's certain: Whatever they get will be reduced by the tens of millions because of legal and other professional fees that are already mounting in the case.