Bondholders of gun maker Colt ripped into the bankrupt company's private equity owner in a court hearing on Tuesday, saying the firm sped up its decline by starving it of cash and investment.
The U.S. Supreme Court ruled on Monday that bankruptcy attorneys must bear the expense of defending their fees, which could make it harder for lawyers to get paid for their often-costly Chapter 11 work.
Prosecutors in Minnesota brought criminal charges on Friday against the Roman Catholic Archdiocese of St. Paul and Minneapolis, accusing it of failing to protect children from a priest who pleaded guilty in 2012 to sexual abuse.
Ernst & Young LLP will pay $10 million to settle a New York lawsuit accusing the accounting firm of helping Lehman Brothers Holdings Inc deceive investors in the years leading up to its 2008 collapse, the New York attorney general said on Wednesday.
