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Financially Distressed Companies

A collection of news and information related to Financially Distressed Companies published by this site and its partners.

Top Financially Distressed Companies Articles see all

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  • The death of Damaud Martin: Looking but not seeing [Editorial]

    The death of Damaud Martin: Looking but not seeing  [Editorial]
    The death of a severely disabled foster child earlier this month while under the care of a group home in Anne Arundel County that Maryland health regulators were in the process of shutting down inevitably raises the question of whether the boy's life could have been saved if state officials had acted more quickly. The state has launched three separate investigations into 10-year-old Damaud Martin's death, but the results may not be known for months. Regardless of whether anything could have changed Damaud's fate, though, the investigative reporting by The Sun's Doug Donovan into the troubled history of LifeLine raises real questions about whether the state's oversight of such care providers is adequate to protect some of the state's most vulnerable young people.
  • Crumbs cupcake shops could re-open some locations

    Crumbs cupcake shops could re-open some locations
    Could Crumbs cupcakes be saved by Dippin' Dots? Just days after the financially troubled Crumbs Bake Shops Inc. closed all 48 stores, including three at malls in the Baltimore area, the New York specialty chain stands to be acquired as part of a...

    LifeLine contracts received little scrutiny at Board of Public Works

    LifeLine contracts received little scrutiny at Board of Public Works
    Maryland's Board of Public Works, a panel that includes the governor and other top state officials, did little to scrutinize millions in contracts it awarded in recent years to the financially strapped operator of a group home where a 10-year-old boy died...

    Stake in Sparrows Point could be sold to local group

    Stake in Sparrows Point could be sold to local group
    The owner of the closed Sparrows Point steel mill is working on selling a "significant percentage" of its stake in the property to local buyers, raising hopes for its eventual redevelopment. An attorney disclosed the potential sale this week in a court...

    Maryland lawmakers, child advocates seek probe into oversight of troubled group home

    Maryland lawmakers, child advocates seek probe into oversight of troubled group home
    Maryland lawmakers and child advocates called Monday for an investigation into regulators' oversight of a troubled group home operator, asking why the state continued to give the company millions in taxpayer dollars despite long-standing financial and...