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The Yellow trucking company meltdown, explained
By: Emma Bowman | NPR
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WASHINGTON, D.C. (NPR) — It’s the end of the road for one of the nation’s largest freight carriers. Yellow, a trucking company that just three years ago took a $700… Read More
Blackjewel Bankruptcy Leaves Damaged Lands, Miners’ Compensation In Limbo
By: Katie Myers | Ohio Valley ReSource
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WHITESBURG, Ky. (OVR) — The Blackjewel bankruptcy case has been ongoing since the summer of 2019 when Blackjewel, LLC abruptly collapsed, leaving over 2,000 miners in Wyoming, Kentucky and West… Read More
Blackjewel Coal Moves To Liquidate, Leaving Millions Unpaid To Workers And Regulators
By: Sydney Boles | Ohio Valley ReSource
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WHITESBURGH, Ky. (OVR) — The convoluted bankruptcy of coal company Blackjewel has hit another turn of events as the company’s former CEO moved to liquidate the company. A federal judge… Read More
Environmental Risks Remain As Blackjewel Bankruptcy Nears Its End
By: Sydney Boles | Ohio Valley ReSource
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Environmental advocates worry a coal company liquidation plan will leave dozens of coal permits in eastern Kentucky unreclaimed, according to filings in the bankruptcy proceedings of Blackjewel L.L.C. The bankruptcy… Read More
Murray Energy Exits Bankruptcy, Rehires Union Miners
By: Brittany Patterson | Ohio Valley ReSource
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ST. CLAIRSVILLE, Ohio (OVR) — Coal mining giant Murray Energy Corp. has emerged from bankruptcy with a new name and a commitment to rehire all of its former union employees,… Read More
Former Blackjewel Miners Could Get More Money From Proposed Settlement
By: Jeff Young | Ohio Valley ReSource
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CASPER, Wyo. (OVR) — A proposed $17.3 million settlement of a class action lawsuit would provide additional payment for hundreds of Appalachian coal miners who were suddenly left jobless by… Read More
Boy Scouts Of America Files For Bankruptcy As It Faces Hundreds Of Sex-Abuse Claims
By: Laurel Wamsley | Wade Goodwyn | NPR
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The Boy Scouts of America has $1.4 billion in assets. The organization says it will use the Chapter 11 process to create a trust to provide compensation for victims.
Ohio-Based Coal Giant Murray Energy Declares Bankruptcy
By: Brittany Patterson | Ohio Valley ReSource
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Murray Energy Corp., the largest underground coal mining company in America with a substantial footprint across the Ohio Valley, has filed for bankruptcy protection. “Although a bankruptcy filing is not… Read More
Purdue Pharma, Accused Of Fueling Opioid Crisis, Files For Chapter 11
By: Bobby Allyn | NPR
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The bankruptcy follows the Sackler family, which owns Purdue, agreeing to surrender control of the company and offering $3 billion in cash to opioid-hit communities.
Hearing on Bidding Process for Coal Operator Continued
By: John Raby | AP
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HUNTINGTON, W.Va. (AP) — A federal hearing adjourned Thursday without a decision on a bidding process proposed for mines owned by a bankrupt West Virginia-based coal company. U.S. Bankruptcy Judge… Read More