Article Abstract:
Companies representing the bankrupt Allegheny health system and its creditors have so far submitted $13 million in bills. Professionals representing 12 companies have requested that the U.S. Bankruptcy Court in Pittsburgh, PA, approve a total of $13 million in costs and fees so far. Allegheny has a debt of $1.5 billion. The Allegheny case's professional expenses easily surpass the almost $2 million that attorneys and accountants in the liquidation of the Foundation for New Era Philanthropy got for their work. The Allegheny expenses are comparable to those incurred by large corporate bankruptcies around the U.S. in recent years.
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Companies representing the bankrupt Allegheny health system and its creditors have so far submitted $13 million in bills.
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Starwood Hotels and Resorts Worldwide Inc., the parent company of the Sheraton and Westin brands, revealed that it would put its St. Regis Luxury Collection label on what is currently the 290-room Ritz-Carlton Philadelphia hotel at 17th and Chestnut Streets. The Ritz-Carlton will adopt the St. Regis label beginning early next year, when the hotel vacates the building at Liberty Place. The hotel will move to new buildings in what was once the former Two Mellon Place facility on South Penn Square, directly south of City Hall.
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A US District Judge, citing the federal Telecommunications Act, has ruled that Haverford Township may not stop Peco Energy Co. from installing telecommunications equipment. The township had wanted to charge Peco subsidiary Exelon Infrastructure Services a fee for linking schools with fiber-optic cable.
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