William Coors, Gay Mormon, Sears, David Perdue, Flat Earth, Jamal…
'ROGUE KILLERS' . Trump comments on the possible murder of WaPo journalist Jamal Khashoggi by Saudi Arabia.
Category Archives: Bankruptcy
Pittsburgh Firm’s Office Manager, Partner’s Son, Sentenced for Embezzlement
The former office manager of a Pittsburgh bankruptcy boutique who is the son of one of the name partners has been sentenced to 21 months in jail for stealing over $800,000 from the firm. Anthony Calaiaro had been office manager for Calaiaro Valencik, a two-lawyer debtor-side firm serving clients throughout Western Pennsylvania, according to its website .
Puerto Rico Morgue Moved Cadavers at 4 a.m. Amid Rising Scrutiny
Puerto Rico 's beleaguered forensic sciences department moved two corpses from stop-gap refrigerator trailers in the early hours of Tuesday, after there were complaints about a foul odor and before federal inspectors arrived. The grisly episode sheds new light on the challenges at the morgue, which has become a symbol of dysfunction in the bankrupt commonwealth .
Pence family’s failed gas stations cost taxpayers $21M
GARDEN CITY, Ind. - Vice President Mike Pence turns nostalgic when he talks about growing up in small-town Columbus, Indiana, where his father helped build an empire of more than 200 gas stations that provided an upbringing on the "front row of the American dream."
Point Piper to prison: CEO Michael Snounou facing ice supply charges
He's more accustomed to life on Australia's most expensive residential street, Wolseley Road, Point Piper, where his neighbours include some of the wealthiest people in Australia. But one-time chemical company owner and executive Michael Snounou has traded views of Sydney Harbour and the bridge for prison greens at Lithgow's maximum security prison after being charged with five counts of importing and possessing chemicals linked to the manufacture of ice.
More than 1 million workers, retirees at risk of losing pensions,…
The pension crisis that threatens the retirement savings of 1.5 million Americans also poses the risk of driving the U.S. economy into a tailspin, a panel of witnesses told a congressional panel. Witnesses from the U.S. Chamber of Commerce and businesses, including UPS, told the Joint Select Committee on the Solvency of Multi-employer Pension Plans that should the estimated 150 to 200 multi-employer pension plans that are in danger become insolvent, the companies that paid into those plans would be held liable.
$28M verdict upheld in Nebraska wrongful conviction case
A federal appeals court on Monday upheld a $28.1 million judgment awarded to six people who were wrongfully convicted of murder in one of the nation's largest false-confession cases, a ruling that could force a Nebraska county closer to bankruptcy. A three-judge panel of the 8th U.S. Circuit Court of Appeals declined to overturn the jury's 2016 verdict against Gage County and two former law enforcement officials.
Corporate raiders ruined lives as they destroyed Toys ‘R’ Us, politicians say
Following the announcement that bankrupt Toys 'R Us would close all its stores and layoff its 33,000 employees -- including 11 outlets and 1,600 people at its New Jersey headquarters -- the state's two U.S. senators and a House colleague on Friday called on the chain's owners to "support" those workers any way they can. "We write to urge you to do everything in your power to support the thousands of Toys 'R' Us workers who will soon lose their jobs as the company closes its doors," it was stated in a letter dated June 1 and signed by Senators Cory Booker and Robert Menendez, plus U.S. Rep. Bill Pascrell .
Michael Avenatti’s other law firm slapped with $10 million judgment in bankruptcy court
First his coffee company goes sideways , now this. The way this guy manages money, he's a lock to be in Congress someday.
POLITICO Illustration/Getty Images/iStock
The U.S. fails to adequately police foreign deals for next-generation software that powers the military and American economic strength. This story is being published by the South China Morning Post as part of a content partnership with POLITICO.
Specific Personal Jurisdiction Exists over a Foreign Transferee in a Fraudulent Transfer Action
The United States Bankruptcy Court for the Northern District of California recently held that a resident of Hong Kong who purchased goods over the internet from a company in California was subject to personal jurisdiction in a fraudulent transfer suit in the United States. See Kasolas v.
What more do you need to know about Trump?
Trump did it and he's going down for a host of crimes, and some of them have nothing to do with Russia I've been "covering" the Trump story for over a year now, and I'm sick and tired of stacking up the details of his treachery day after day, week after week. What more do you need to know? He's a lying, thieving, incompetent, ignorant traitor who conspired with the Russian government to steal the election of 2016 and illegally defeat a candidate who won the popular vote by nearly 3 million ballots.
U.S. House committee chair supports Puerto Rico statehood
U.S. House of Representatives Natural Resources Committee Chairman Rob Bishop said on Friday he supports the government of Puerto Rico's efforts to introduce bipartisan legislation in Congress to grant full statehood to the U.S. commonwealth territory. "I am supportive of statehood.
Failla And Taylor Are Alive And Well: Eleventh Circuit Again Confirms …
For the third time in less than two years, the Eleventh Circuit Court of Appeals has ruled that a chapter 7 debtor who does not reaffirm secured debt or redeem the property must surrender the property. In re Woide , No.
Puerto Rico governor slams congressman over ‘dictatorial’ letter
Puerto Rico's governor on Monday fiercely defended his administration's right to help steer the insolvent, storm-ravaged island out of bankruptcy after a U.S. congressman said the process should be led by the island's creditors and federally appointed oversight board. Puerto Rico Governor Ricardo Rossello speaks during a Facebook live broadcast in the library of the governor's mansion, in San Juan, Puerto Rico January 24, 2018.
Two companies express interest in offering to purchase paper mill
Scott M. Burto didn't identify the companies, but said he learned they have expressed interest in purchasing the plant at 30 Champion St., from DeltaPoint Capital Management LLC and operating it in some capacity. DeltaPoint Capital Management has spent several months attempting to sell its West Carthage-based specialty paper products manufacturer, which filed for reorganization under Chapter 11 bankruptcy protection on Feb. 28. “I believe that if other legitimate offers are going to be made, they should take them into consideration as a better opportunity for the community and those employees there,” Mr. Burto said.
Frontier gun maker Remington seeks bankruptcy protection
Cynthia Nixon is blasting Gov. Andrew Cuomo as a "bully" and "wannabe Republican" during her first campaign event in Albany since announcing her candidacy for New York governor. . FILE - In this Tuesday, April 4, 2017, file photo, the Supreme Court in Washington.
Remington Declares Chapter 11 Amid ‘Trump Slump’ In Gun Sales
Firearms manufacturer Remington Outdoor has filed for Chapter 11 bankruptcy protection in hopes of staving off creditors amid a slump in sales and public outcry over gun violence. Reuters reports that Remington's creditors, including Franklin Templeton Investments and JPMorgan Asset Management have agreed to exchange debt for equity in the company.
Fifth Circuit, in Bankruptcy Ruling, Lets Convicted Businessman Pay…
The U.S. Court of Appeals for the Fifth Circuit has ruled that a Texas businessman who was sentenced to two years in prison for bankruptcy fraud may use the sale of the proceeds of his house to pay his criminal defense attorneys, rejecting a U.S. bankruptcy trustee's attempts to claim the home sale proceeds as part of his estate. Curtis Harold DeBerry, the former owner of a failed produce company in Boerne, Texas, was eventually sentenced to two years in prison last year for hiding assets from creditors in bankruptcy.
Fixing Welfare Is Ultimately A Philosophical Problem
With the passage of the recent bipartisan budget agreement and its $300 billion assault on spending caps, coming on the heels of the GOP's Tax Cut and Reform Bill and its sweeping $1.5 trillion reduction in taxes, at some point Republicans must focus their attention to a side of the spending coin that has never sat well with America-welfare. According to Gary D. Alexander, Pennsylvania's former Secretary of Human Services, the federal government's $1 trillion-a-year "limitless war on poverty" has spawned a kraken of runaway spending that threatens America's economic survival.