BAY ST. LOUIS, Miss. (AP) - The owner of a steel pipe mill in Bay St. Louis has filed for bankruptcy protection and seeks to sell the plant. PSL North America LLC, which began operations in 2008, made the Chapter 11 filing June 16 in Delaware. In court papers, it... more »
CHICAGO (AP) -- A lawsuit tied to the Archdiocese of Milwaukee's bankruptcy will go before the federal appeals court in Chicago on Monday, with judges hearing arguments in a case that experts say could make millions of dollars held in trust available to victims of clergy sexual abuse and impact... more »
LAFAYETTE, La. (AP) - A Maurice man who was convicted of concealing bankruptcy assets has been sentenced to more than two years in prison. U.S. District Judge Rebecca Doherty in Lafayette on Tuesday sentenced 52-year-old Thad Corey Theall to 27 months in prison and ordered him to repay $50,000 to... more »
GARDEN GROVE, Calif. (AP) - Crystal Cathedral has filed for bankruptcy in Southern California after months of trying to overcome mounting debt. The megachurch, birthplace of the "Hour of Power" televangelist broadcast, announced its filing Monday as it deals with a $55 million debt. The Orange County-based church, founded in... more »
BATON ROUGE, La. (AP) - State Treasurer John Kennedy thinks Louisiana officials need to prepare for the possibility oil giant BP could file for bankruptcy because of the massive spill in the Gulf of Mexico. Kennedy sent Gov. Bobby Jindal a letter this week urging him to devise a plan... more »
MERMENTAU, La. (AP) California-based NutraCea says its rice bran stabilization facility in Mermentau is among assets that would secure new financing the company is seeking as part of a voluntary Chapter 11 bankruptcy it has filed in Arizona.
The facility is at the Louisiana Rice Mill in Mermentau.
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WASHINGTON (AP) - A former Louisiana congressman convicted of corruption has lost his bid for a new trial in federal court. U.S. District Judge T.S. Ellis III in Alexandria, Va., denied a request by former Rep. William Jefferson on Friday for another trial. Jefferson was convicted Aug. 5 on 11... more »