Nestle Waters v. Mountain Glacier Continues


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There was a cease-fire when Mountain Glacier filed for bankruptcy and the case was stayed. Now reorganized, the company wants back into the fight.

Former Puerto Rico official denies any role in Whitefish deal

A former Puerto Rico official who has been mentioned in connection with a controversial contract to restore electricity to the bankrupt U.S. territory after Hurricane Maria has denied having any role in securing it. In papers filed on Friday in federal court in San Juan, Elias Sanchez, a friend and one-time adviser to Governor Ricardo Rossello, said under penalty of perjury that he "never had any kind of relationship" with contractor Whitefish Energy or its principals.

Puerto Rico governor wants to cancel shady $300 million Whitefish energy contract


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Whitefish Energy Holdings workers restore power lines damaged by Hurricane Maria in Barceloneta, Puerto Rico, Oct. 15. The Federal Emergency Management Agency said Friday it had no involvement in the decision to award a $300 million contract to help restore Puerto Rico's power grid to a tiny Montana company in Interior Secretary Ryan Zinke's hometown. Puerto Rico Gov. Ricardo RossellA3 wants to cancel a tiny Montana company's $300 million contract to restore power to the storm-hit U.S. territory and expects help from the governors of Florida and New York, his office said on Sunday.

CGG Wins Creditor Support for Chapter 11 Plan

CGG SA announces that all creditor classes entitled to vote on the chapter 11 plan proposed in the chapter 11 cases commenced on 14 June 2017 in the US Bankruptcy Court for the Southern District of New York by CGG SA's 14 main foreign, direct and indirect subsidiaries, each a borrower or guarantor in respect of CGG Group's funded financial indebtedness, have accepted the plan overwhelmingly. Specifically, all holders who have cast ballots in respect of the Secured Loans, and 97.14% in number and 97.96% in amount of those casting ballots in respect of the Senior Notes, voted in favour of the plan.

Maria dims Puerto Rico’s bleak economic outlook

For now, the focus has shifted from Puerto Rico's financial woes to meeting the basic needs of its 3.5 million people, many of whom still lack adequate food, water and power more than a week since the Category 4 hurricane laid waste to the U.S. territory. But as Puerto Rico emerges from the worst of the disaster, it will still face a $74 billion public debt load and a decade-old economic recession that has sent hundreds of thousands of islanders fleeing to the U.S. mainland.

Puerto Rico Is Our Future

A flooded street is seen as people deal with the aftermath of Hurricane Maria on September 25, 2017 in San Juan Puerto Rico. Maria left widespread damage across Puerto Rico, with virtually the whole island without power or cell service.

Trade panel says low-cost solar imports hurt US companies

Low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, a U.S. trade commission ruled Friday, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from abroad. The 4-0 vote by the International Trade Commission sets up a two-month review period in which the panel must recommend a remedy to President Donald Trump, with a final decision on tariffs expected in January.

US solar industry hurt by cheap imports from China

A US trade panel has ruled that low-cost solar panels imported from China and other countries have caused serious injury to American manufacturers, raising the possibility of the Trump administration imposing tariffs that could double the price of solar panels from aboard. Friday's vote by the International Trade Commission was unanimous.

Solar boom or bust? Companies seek tariffs on solar imports

Cheap solar panels imported from China and other countries have led to a boom in the U.S. solar industry, where rooftop and other installations have surged 10-fold since 2011. But two U.S. solar manufacturers say the flood of imports has led one to bankruptcy and forced the other to lay off three-quarters of its workforce.

Bernie Sanders Endorses Ben Jealous for MD Governor at Silver Spring, MD Rally

Even as the progressive list of everything wrong in our society that the 99 percent suffers at the hands of the one percent was enumerated at least three times, the mood at the Civic Center was upbeat today in Silver Spring, Maryland. Sen. Bernie Sanders was coming to speak, to introduce and endorse Maryland progressive gubernatorial candidate Ben Jealous, the popular former national president of the NAACP.

UPDATE 1-Key Safety Systems to buy Takata’s assets for $1.57 bln

Key Safety Systems said on Sunday that it had reached a deal with Takata to purchase nearly all of its assets for about 175 billion yen , after the air-bag maker filed for bankruptcy in the United States and Japan. KSS said it would retain almost all of Takata's employees and did not intend to close any of the company's manufacturing facilities.

DNC Fires Back at Hillary For

Well I hope we get into this because look, I take responsibility for every decision I made, but that's not why I lost. "So people went to vote on November 8th having no idea that there was an active counter intelligence investigation going on of the Trump campaign", she said .

Can’t Pay Your Student Loans? The Government May Come After Your House

On Adriene McNally's 49th birthday in January, she heard a knock on the door of her modest row-home in Northeast Philadelphia. The papers were from a government lawsuit that represents something more than just an unwelcome birthday gift - it's an example of a program the federal government has brought to 19 cities around the country including Brooklyn, Detroit, Miami and Philadelphia: suing to recover unpaid student loans, like the ones McNally owes.

Next 25 Articles

Jon Iadonisi, a friend and business associate of former national security adviser Michael Flynn, had two under-the-radar projects underway in the fall of 2016. One of his companies was helping Flynn with an investigative effort for an ally of the Turkish government - details of which Flynn revealed only after he was forced to step down from his White House post.

Puerto Rico heads to court for historic debt restructuring

Puerto Rico's governor on Wednesday announced a historic restructuring of a portion of the United States territory's US$73 billion debt through the courts after negotiations with bondholders failed. Governor Ricardo Rossello said that a federal control board overseeing the island's finances agreed with his request late Tuesday to put certain debts before a court.

Idaho federal courts administrator Libby Smith to leave for 9th Circuit post

Elizabeth "Libby" Smith, clerk of court for the federal courts in Idaho, has been named the new circuit executive of the 9th Circuit; she will start her new job next month. Smith has managed administrative services for the U.S. District Court and U.S. Bankruptcy Court for the District of Idaho since 2009, including federal court operations in Boise, Coeur d'Alene, Moscow and Pocatello.

Oscars debacle hovers over trial between PwC and MF Global

In this Thursday, Dec. 15, 2011, file photo, former MF Global Holdings Ltd. Chairman and CEO Jon Corzine testifies on Capitol Hill in Washington, before the House Financial Services Committee. The dispute between brokerage firm MF Global, run by former New Jersey Gov. Jon Corzine, and the accounting firm PwC goes to trial Monday, March 6, 2017.

BP Automotive LP Bossier Dodge v. RML Waxahachie Dodge LLC RLJ…


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BP AUTOMOTIVE LP D/B/A BOSSIER DODGE, Appellant v. RML WAXAHACHIE DODGE, LLC, RLJ-MCLARTY-LANDERS AUTOMOTIVE HOLDINGS, LLC, RML WAXAHACHIE FORD, LLC, AND RML WAXAHACHIE GMC, LLC, Appellees This is an appeal of a suit brought by BP Automotive LP d/b/a Bossier Dodge against RML Waxahachie Dodge, LLC, RLJ-McLarty-Landers Automotive Holdings, LLC, RML Waxahachie Ford, LLC, and RML Waxahachie GMC, LLC. Because a great deal of the holdings in this opinion depend on the actions of previous courts litigating controversies between these parties , it is worthwhile to recite the prior history of the litigation between them.

BP Automotive LP Bossier Dodge v. RML Waxahachie Dodge LLC RLJ…


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BP AUTOMOTIVE LP D/B/A BOSSIER DODGE, Appellant v. RML WAXAHACHIE DODGE, LLC, RLJ-MCLARTY-LANDERS AUTOMOTIVE HOLDINGS, LLC, RML WAXAHACHIE FORD, LLC, AND RML WAXAHACHIE GMC, LLC, Appellees This is an appeal of a suit brought by BP Automotive LP d/b/a Bossier Dodge against RML Waxahachie Dodge, LLC, RLJ-McLarty-Landers Automotive Holdings, LLC, RML Waxahachie Ford, LLC, and RML Waxahachie GMC, LLC. Because a great deal of the holdings in this opinion depend on the actions of previous courts litigating controversies between these parties , it is worthwhile to recite the prior history of the litigation between them.

Report: Gander Mountain preparing bankruptcy filing

Reuters is reporting that St. Paul-based hunting and fishing chain Gander Mountain is preparing to file for bankruptcy as early as this month, after an aggressive effort to expand its store base failed to pull in new customers, according to people familiar with the matter. Gander Mountain is working with financial advisory firm Lighthouse Management Group and Minneapolis law firm Fredrikson & Byron as it gets ready to file for bankruptcy, the people told Reuters this week.

In the Matter of: Stephen John Bandi; Charles Edward Bandi


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In the Matter of: STEPHEN JOHN BANDI; CHARLES EDWARD BANDI, Debtors STEPHEN JOHN BANDI; CHARLES EDWARD BANDI, Appellants v. CHRISTOPHER BECNEL, Appellee After Stephen and Charles Bandi filed voluntary Chapter 7 bankruptcy petitions, Christopher Becnel sued the Bandis in bankruptcy court to prevent the Bandis from discharging a debt owed to Becnel.

Platinum Partners arrests are scant consolation for alleged victims


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Platinum Partners founder Mark Nordlicht, wearing a hoodie, exits federal court in Brooklyn, New York, U.S. on December 19, 2016. U.S. Attorney for the Eastern District of New York Robert Capers speaks to media to announce the unsealing of an indictment charging Mark Nordlicht, the Founder and Chief Investment Officer of Platinum Partners and six other individuals with securities fraud, investment adviser fraud and conspiracy in an approximately $1 billion fraud in Brooklyn, New York City, U.S.on December 19, 2016.

People and Practices: Dec. 26

DeWitt Mackall Crounse & Moore S.C., an affiliate of DeWitt Ross & Stevens S.C., announced the addition of two attorneys, Catherine Krisik and John Thomas , to its Minneapolis office. Krisik earned her J.D. from Southwestern University School of Law and her B.S. from the University of Wisconsin-Oshkosh.

Student debt is America’s most pressing economic problem

Since 2000, U.S. student loan debt has grown to overwhelm all other categories of non-housing consumer debt in this nation. The lending instrument is uniquely predatory in that student loans have been stripped of the most fundamental consumer protections, such as bankruptcy rights, statutes of limitations and many others.

Nasty Gal Is Filing For Bankruptcy

As if it hasn't been a tough enough week for #girlbosses, fashion-favorite brand Nasty Gal is filing for bankruptcy, WWD reports. The retailer, which just celebrated a decade in the business, petitioned a court in California with the motion on Wednesday.

Erickson Incorporated Files Chapter 11

Erickson Incorporated and certain of its subsidiaries have filed voluntary petitions for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the Northern District of Texas, Dallas Division. During the Chapter 11 process, Erickson will operate in the ordinary course of business and with the same commitment to safety, compliance, and customer service that its partners are accustomed to.

Queens Bankruptcy Attorney Bruce Feinstein, Esq. Explains Chapter 11…

Bruce Feinstein, Esq., an experienced bankruptcy attorney in Queens, New York, speaks about recent news from agencies like Politifact that have shed light on Donald Trump's various bankruptcies. With the first 2016 presidential debate over and the U.S. presidential campaign coverage reaching a fever pitch, various personal topics about both major party candidates have been covered.

Nick Denton ‘Guilty’ Posters Pop Up on New York City Streets

Posters depicting Nick Denton behind bars were spotted on the streets of New York City this morning. The posters say "guilty" in large font at the top and claim to be produced by "women against revenge porn," also known as W.A.R.P. The posters appear to list a set of "crimes" including "publishing nude photos of a minor, criminal invasion of privacy, lying to a federal judge, blackmail, extortion, stalking, revenge porn."

Honours system ‘is a bargain for the taxpayer’…claims Sir Desmond Swayne

'Anna was the first girl I ever kissed.' College student told police he killed his ex and two others at Washington house party because he was jealous after seeing his 'dream girl' with another guy Pest-control giant Terminix pays out $87m to family left paralyzed by fumes that exterminators sprayed in their luxury Caribbean vacation condo Gawker Media founder Nick Denton files for personal bankruptcy listing debts of over $280million in wake of Hulk Hogan lawsuit Wikileaks chief says he has 'quite a lot of material' from Hillary's campaign and will release it in stages for maximum publicity Why MEAT is as bad for your waistline as sugar: Protein is fuelling the obesity crisis and 'should come with a warning label' Zika crisis in Florida: Officials report ten locally transmitted cases and say mosquitoes 'have now infected 14 people' in Miami The story of Humayun Khan: The UVA-educated ... (more)

Robert B. Reich: The huckster populist

As we've seen this bizarre political year, the biggest force welling up is rage against insider elites in both parties and against the American establishment as a whole - including the denizens of Wall Street, large corporations and the mainstream media. Now, with Bernie Sanders essentially out of the race, Donald Trump wants Americans to believe he's the remaining anti-establishment candidate.

Congress approves Puerto Rico debt rescue package

Congress approved a rescue package Wednesday to help Puerto Rico escape a sea of debt, tossing a lifeline to the island territory just two days before it faces default on a $2 billion bond payment. Senators approved the rescue package, 68-30, turning back vociferous objections from liberal lawmakers who said the bill imposes colonial rule on average Puerto Ricans, and from conservatives who said the legislation will end up stiffing the bondholders who bought the territorial government's debt.

Fed rebuts GOP claim that Dodd-Frank is too soft on banks

A Federal Reserve official went out of his way Wednesday to rebut Republican criticisms of the new financial regulations, by saying the central bank has made progress toward ending the problem of "too big to fail" banks. Republicans have argued that bankruptcy is the best option for banks, instead of having the government wind them down, and have also said the Dodd-Frank financial reform law enshrines the problem of too-big-to-fail banks because they can be saved by the government if they fail.

Clinton warns that Trump would plunge economy into recession

Democratic presidential candidate Hillary Clinton speaks about the economy, Tuesday, June 21, 2016, at Fort Hayes Vocational School in Columbus, Ohio. Democratic presidential candidate Hillary Clinton speaks about the economy, Tuesday, June 21, 2016, at Fort Hayes Vocational School in Columbus, Ohio.

Here’s how Clinton could hit Trump on his real estate record

After a report emerged last week that the Democratic National Committee's security had been breached by Russian government hackers, a document surfaced yesterday that many are saying is the Democratic Party's official opposition research on presidential candidate Donald Trump. Through more than 200 pages, the oppo book mostly consists of news clips and interviews with Trump over the last three decades.

With benefits at risk, coal miner union rallies –

Thousands of retired coal miners rallied Tuesday in Kentucky to call on Congress to protect their benefits as the industry struggles and operators seek bankruptcy protection from debts. United Mine Workers president Cecil Roberts told the gathering in Lexington of about 4,000 members from seven states that miners spent their lives working in dangerous places to provide the nation's electricity and steel.

Bill divides coal-state Republicans

Sen. Mitch McConnell speaks on Capitol Hill in Washington. An election-year bill that would protect health-care and pension benefits for more than 100,000 retired coal miners is dividing coal-state Republicans.

Donald Trump economics would ‘bankrupt America’, claims Hillary Clinton

Hillary Clinton says Donald Trump's economic policies are a "recipe" for lower wages, fewer jobs and more debt - warning union members that he could "bankrupt America like he's bankrupted his companies". The Democratic presidential candidate urged thousands of union workers gathered in Detroit to ask: "How can anybody lose money running a casino, really?" The presumptive Republican nominee's plan to deport millions of people living in the US illegally also drew Ms Clinton's ire.

New legislation will allow Puerto Rico debt restructure

Debt-hobbled Puerto Rico will be able to restructure its debt in a bankruptcy-style arrangement under new legislation agreed by the US Congress and the White House Thursday. The "Promesa" legislation will place the US territory under a powerful oversight board that will be charged with overseeing fiscal and structural reforms aimed at stabilizing its finances.