Mohegan Sun has withdrawn a lawsuit against an National Hockey League team owner it claimedfailed to pay a $900,000 gambling debt. The withdrawal, filed Friday in New London Superior Court, provides no information about the terms of any settlement the casino may have reached with Eugene Melnyk, the Canadian billionaire who owns the Ottawa Senators.…
An argument over a gambling debt sparked the fatal Fourth of July stabbing of a father of three in Brooklyn, police said Monday after arresting a suspect. Sean Peterson was nabbed Sunday and charged in the killing of Anthony Berry, 45, who was knifed outside his apartment building in the Flatbush Gardens apartment complex on…
The Small Business and Family Ombudsman Bruce Billson has come out in support of moves by the banking sector to help SME clients to survive the latest New South Wales lockdown. New South Wales announced a record number of new coronavirus cases for this wave of the pandemic, with over 100 in the Greater Sydney…
Senate Majority LeaderCharles SchumerChuck SchumerPride Month concludes without Equality Act vote in Senate Republicans should hit the reset button on Biden infrastructure deal The world is no longer fit for Sept. 11 war authorizations MORE (D-N.Y.) on Sunday called for the National Rifle Association (NRA) to be investigated for bankruptcy fraud by the Justice Department…
Brisbane-based gym operator Jacob ‘Jake’ Henley has been banned from managing corporations for three years as a result of nine of his companies collapsing in 2017 owing over $13.5 million. The ban, announced last week by the Australian Securities and Investment Commission (ASIC). follows the liquidation, between February and May 2017, of companies of which…
Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid loans from their delinquent firms, sources said Monday. TopicsBanks|Indian promoters|Supreme Court Armed with Supreme Court order, banks may invoke personal guarantees of tycoons ranging from Venugopal Dhoot to Kapil Wadhawan to recover unpaid…
Download CSVShow datatableNumber of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days Number of bankruptcies of businesses and institutions (excluding sole proprietorships) adjusted for court sessions days 2017 July 266 2017 August 231 2017 September 237 2017 October 261 2017 November 251 2017 December 269 2018 January 273 2018 February…
It is becoming increasingly fashionable to either spin off or sell assets from large businesses to reshape for the future. In particular, conglomerate structures are no longer considered attractive, and investors prefer a sharp focus on fewer areas rather than fingers in lots of pies. Some of these corporate restructuring actions have been driven by…
Covid-19 and lockdowns to slow down its spread have affected the cash flow of borrowers, says agency TopicsICRA|loans|NBFCs Abhijit Lele | Mumbai Last Updated at July 12, 2021 12:54 IST Restructured loan books of non-bank financial groups may double to 3.1-3.3 per cent by March 2022 from 1.6 per cent in March 2021, hurt by…
NEW YORK (AP) U.S. Senate Majority Leader Chuck Schumer on Sunday called on the Justice Department to investigate the National Rifle Association for bankruptcy fraud, saying the financially stable gun-rights group abused the system when it sought bankruptcy protection in the wake of a New York lawsuit seeking to put it out of business. A…