Anthony Romanello and Joseph Celso were found guilty of extortion-related charges by a federal jury in Brooklyn on Monday. The conviction, announced by United States Attorney Breon Peace and FBI Assistant Director-in-Charge James Smith, followed a one-week trial before United States District Judge Eric R. Komitee. Romanello, 86, of Franklin Square, New York, was convicted…
Please see full publication below for more information. BUSINESS RESTRUCTURING REVIEWVOL. 22, NO. 6 NOVEMBERDECEMBER 20231IN THIS ISSUE1 Health Care Provider Bankruptcy Update: Patient Care Ombudsman Not Necessary in Every Health Care Business Bankruptcy Case2 Lawyer Spotlight: Alexander Ballmann7 Florida Bankruptcy Court Substantively Consolidates Debtor and Non-Debtor Entities11 Fifth Circuit: Bid Protections for Stalking Horse…
WASHINGTON, D.C. U.S. Senators Alex Padilla (D-Calif.), Elizabeth Warren (D-Mass.), Majority Leader Chuck Schumer (D-N.Y.), and Senate Health, Education, Labor and Pensions Committee Chair Bernie Sanders (I-Vt.), along with Representatives Ayanna Pressley (D-Mass.-07), Ilhan Omar (D-Minn.-05), and Frederica Wilson (D-Fla.-24) urged U.S. Secretary of Education Miguel Cardona to leverage his authority under the Higher Education…
A bleak picture Data by a leading insolvency specialist shows that 5,919 United Kingdom (UK) construction companies find themselves in dire straits, with a further 72,257 companies (representing 20 percent of the total number of construction companies in the UK) in a less critical but still concerning state of financial distress. In the UK, there…
The level of debt you can handle is unique to you. Here’s how you can tell if you have too much credit card debt. Getty Images Credit card debt is nothing new for most Americans. In fact, the “vast majority” of adult Americans have at least one credit card in their wallets and borrowers across…
After losing nearly all of its value leaving it $1bn in debt, the industrys largest producer of stone fruit Prima Wawona is transitioning ownership of the company and recapitalising its business. To facilitate the sale process, the company has initiated voluntary Chapter 11 proceedings with the backing of its lenders, who entered into a lender…
PM outlines measures including lower interest rates, debt suspension and consolidation Prime Minister Srettha Thavisin announces measures to tackle debt problems of 10.3 million people during a press conference at Government House on Tuesday. (Photo: Chanat Katanyu) Prime Minister Srettha Thavisin has announced relief measures, including debt suspension and reduced interest rates, to help resolve…
New Delhi, Dec 12 (IANS): The Supreme Court has agreed to examine a plea filed by IDBI Trusteeship Services against National Company Law Appellate (NCLAT) orders refusing to initiate insolvency proceedings against two promoter companies of Zee Entertainment Enterprises Ltd (ZEEL). On Monday, a bench headed by CJI D.Y. Chandrachud issued notice in the matter…
Rising company insolvencies have provided a boost to one corporate restructuring specialist. Begbies Traynor reported half-year turnover expanded by 13% to 65.9m in the six months ending October while adjusted earnings grew by 0.9m to 12.8m, Mail Online reported. Interest rate hikes, subdued consumer spending and an absence of pandemic-era government support programmes have forced…
Romanello, 86, has been found guilty of shaking down Shuqeri ‘Bruno’ Selimaj and attacking him inside Lincoln Square Steak restaurant in Manhattan in 2017 DailyMail.com cameras spotted Romanello looking downbeat following the guilty verdict on Monday evening as he left Brooklyn Federal Court He faces up to 40 years behind bars at his sentencing By…