Professional Basketball Team Sacramento Kings Files For Chapter 11 Bankruptcy

SACRAMENTO, Calif. - The Sacramento Kings professional basketball team of the National Basketball Association on April 24 filed for Chapter 11 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of California, listing debts between $1 million and $10 million (In Re: Kings Professional Basketball...

Broadcasting Company Seeks Approval Of $11M Stalking Horse Deal With Hotwire

WILMINGTON, Del. - Bankrupt broadcasting company Capitol Infrastructure LLC on April 27 moved in the U.S. Bankruptcy Court for the District of Delaware for approval of an $11 million Stalking Horse agreement for the sale of the company (In Re: Capitol Infrastructure LLC, No. 12-11362, Chapter 11, D....

Skechers Agrees To Pay $45 Million To Settle Class Claims Over Toning Shoes

KANSAS CITY, Kan. - Skechers U.S.A. Inc., in a settlement agreement filed in Kentucky federal court on May 16, has agreed to pay $45 million to settle two California federal class action lawsuits alleging that the company's "toning" footwear were falsely advertised to improve posture, promote...