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A collection of news and information related to Financially Distressed Companies published by this site and its partners.

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    May 7, 2012 |Story| KTLA-LTV
  1. Autopsy: Artist Thomas Kinkade Died of Alcohol, Valium Overdose

    LOS GATOS, Calif. -- Artist Thomas Kinkade died of an accidental overdose of alcohol and valium, according to autopsy findings reported Monday by a Bay Area news organization.
    KTLA News
    LOS GATOS, Calif. -- Artist Thomas Kinkade died of an accidental overdose of alcohol and valium, according to autopsy findings reported Monday by a Bay Area news organization. Family members say Kinkade, 54, died April 6 at his home near Los Gatos....

    Tags: Valium (drug), Alcohol Addiction, Thomas Kinkade, Bankruptcy, FBI

  2. Apr 27, 2012 |Story| Los Angeles Times
  3. Lehman Awarded $700 Million in Bonuses Before Collapse

    Less than a year before the 2008 collapse of Lehman Bros. plunged the global economy into a terrifying free fall, the Wall Street firm awarded nearly $700 million to 50 of its highest-paid employees, <a href=&quot;http://documents.latimes.com/lehman-compensation-chart/">according to internal documents reviewed by The Times</a>.
    Los Angeles Times
    Less than a year before the 2008 collapse of Lehman Bros. plunged the global economy into a terrifying free fall, the Wall Street firm awarded nearly $700 million to 50 of its highest-paid employees, according to internal documents reviewed by The Times....

    Tags: Banking, Economy, Business and Finance, Companies and Corporations, CEO Pay, Finance

  4. Apr 18, 2012 |Story| KTLA-LTV
  5. Lenny Dykstra Sentenced On Lewd Conduct, Assault Charges

    LOS ANGELES -- Former baseball great Lenny Dykstra was sentenced to nine months in jail for misdemeanor charges of lewd conduct and assault with a deadly weapon.
    KTLA News
    LOS ANGELES -- Former baseball great Lenny Dykstra was sentenced to nine months in jail for misdemeanor charges of lewd conduct and assault with a deadly weapon. Dykstra pleaded no contest Wednesday to charges that he exposed himself to multiple women...

    Tags: Sports, File Sharing, Fenway Park, Punishment, Crime, Law and Justice

  6. Apr 20, 2012 |Story| KTLA-LTV
  7. US Airways Pursuing Merger With American Airlines

    NEW YORK  -- Workers for three American Airlines unions have agreed to support a potential merger with US Airways Group, according to a US Air document filed with the Securities and Exchange Commission on Friday.
    KTLA News
    NEW YORK -- Workers for three American Airlines unions have agreed to support a potential merger with US Airways Group, according to a US Air document filed with the Securities and Exchange Commission on Friday. The unions - the Allied Pilots...

    Tags: Unions, Career and Workplace, Health, Human Body, Bankruptcy

  8. Mar 28, 2012 |Story| Los Angeles Times
  9. Magic Johnson-Led Group to Buy Dodgers for $2 Billion

    LOS ANGELES, Calif. -- A group led by Lakers legend Magic Johnson emerged Tuesday night as the new owners of the Dodgers, ending months of uncertainty for the storied but troubled baseball franchise.
    Los Angeles Times
    LOS ANGELES, Calif. -- A group led by Lakers legend Magic Johnson emerged Tuesday night as the new owners of the Dodgers, ending months of uncertainty for the storied but troubled baseball franchise. Johnson, who guided the Lakers to five NBA...

    Tags: Corporate Officers, Basketball, Fox Sports (tv network), National League, Magic Johnson

  10. Mar 29, 2012 |Story| KTLA-LTV
  11. Frank McCourt Could Make $1B in Cash Deal for Dodgers

    LOS ANGELES -- The $2.15-billion sale of the Dodgers baseball franchise to a group led by former Lakers star Magic Johnson was a cash deal that will not add to the team's debt load but could lead to a payoff of as much as $1 billion for previous owner Frank McCourt, according to people familiar with the deal.
    Los Angeles Times
    LOS ANGELES -- The $2.15-billion sale of the Dodgers baseball franchise to a group led by former Lakers star Magic Johnson was a cash deal that will not add to the team's debt load but could lead to a payoff of as much as $1 billion for previous owner...

    Tags: Sports, Fox Sports (tv network), Magic Johnson, Bankruptcy, Los Angeles Times

  12. Feb 8, 2012 |Story| KTLA-TV
  13. Diocese of Orange Seeks New Names for Crystal Cathedral

    GARDEN GROVE (KTLA) -- The Crystal Cathedral has a new owner, and now it's getting a new name.
    KTLA News
    GARDEN GROVE (KTLA) -- The Crystal Cathedral has a new owner, and now it's getting a new name. A judge chose the Catholic Diocese of Orange as the buyer for the bankrupt church back in November, at a price of $57.5 million. Now, the Diocese of Orange is...

    Tags: Colleges and Universities, Church and State Relations, Career and Workplace, Board of Directors, Crime, Law and Justice

  14. Dec 23, 2011 |Story| KTLA-LTV
  15. New Ruling May Prevent Dodgers' TV Rights Sale

    LOS ANGELES (KTLA) - A U.S. District Court judge ruled Friday  that the Dodgers must immediately halt their sale of the team's television rights.
    KTLA News
    LOS ANGELES (KTLA) - A U.S. District Court judge ruled Friday that the Dodgers must immediately halt their sale of the team's television rights. District Court Judge Leonard Stark granted a stay to Fox Sports of the U.S. Bankruptcy Court decision that...

    Tags: Fox Broadcasting Company, Fox Sports (tv network), Crime, Law and Justice, Bankruptcy, Judges

  16. Jan 19, 2012 |Story| CNN
  17. Kodak Files for Bankruptcy, Secures $950 Million Lifeline

    NEW YORK -- Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday.
    CNN
    NEW YORK -- Eastman Kodak, the once mighty icon of the photography industry, filed for Chapter 11 bankruptcy protection Thursday. Kodak's (EK, Fortune 500) stock plunged 30% in premarket trading. The company said it has obtained $950 million in...

    Tags: CVS Corp., Sony Corp., Finance, Moody's Corporation, CNN (tv network)

  18. Jan 10, 2012 |Story| KTLA-LTV
  19. American Airlines to Stop Flights Out of Burbank Airport

    BURBANK, Calif. (KTLA) -- Travelers hoping to catch an American Airlines flight out of Burbank's Bob Hope Airport will soon have to look somewhere else.
    KTLA News
    BURBANK, Calif. (KTLA) -- Travelers hoping to catch an American Airlines flight out of Burbank's Bob Hope Airport will soon have to look somewhere else. The airline, whose parent company filed for bankruptcy protection in November, is closing its...

    Tags: American Airlines, Inc., Air Transportation Industry, Bob Hope, Bankruptcy

  20. Jul 18, 2011 |Story| Reuters
  21. Oct 19, 2011 |Story| KTLA-LTV
  22. |Story
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