The U.S. government had no information about the General Motors Co. ignition-switch defect that’s been linked to 13 deaths, members of the team that oversaw the automaker’s restructuring said yesterday.
Point Blank Solutions Inc., a maker of body armor for the U.S. military and law enforcement, won court approval to sell almost all its assets to an affiliate of Sun Capital Partners Inc. for about $36.6 million.
Newark Group Inc., a Cranford, New Jersey-based manufacturer of paper and paper products, began a prepackaged Chapter 11 reorganization yesterday it hopes the bankruptcy judge in Newark, New Jersey, will bring to conclusion at a July 27 confirmation hearing.
Point Blank Solutions Inc. ’s acting chief executive officer, James Henderson , was sued by the former CEO’s brother, an investor in the bankrupt military contractor who claims Henderson failed to conduct proper audits.
On Thursday, Nov. 10, 2011, Canadian Prime Minister Stephen Harper, seated in his Ottawa office across from Parliament Hill, took an urgent call from U.S. President Barack Obama. Harper’s advisers were listening intently around a muted speakerphone in an adjoining room.
Sandra Hatfield, the former chief operating officer of a body armor firm formerly known as DHB Industries Inc., was sentenced to seven years in prison in a $190 million fraud and insider-trading scheme, the U.S. said.