The Texas Department of Insurance has placed Friday Health Plans under receivership after the health insurance company declared insolvency. The Lone Star States insurance commissioner has seized the Friday Health Plans’ assets and is charged with liquidating its local property, technology, bank accounts and other valuables to pay outstanding claims, according to a liquidation order…
DetailsA judge has declared bankrupt a gaming firm that laid off its 140 remaining employees just days before last Christmas. Mr Justice Ian Spiteri Bailey upheld a request by Genesis Global Limited to wind down its operations in Malta due to bankruptcy. He heard how the applicant company presented an extraordinary resolution by its board,…
DetailsIn this photo illustration, the Penn Entertainment logo is displayed on a smartphone mobile screen. Rafael Henrique | SOPA Images | Lightrocket | Getty Images Penn Entertainment on Thursday became the first U.S. gambling company to post a profit in its sports betting business during the final three months of a year. Usually, it’s tougher…
DetailsBATON ROUGE The House on Wednesday approved bills to spend up to $45 million to encourage insurance companies to return to the state and to prevent firms that went bankrupt or were declared insolvent from using the money. The House Appropriations Committee approved the two bills Tuesday before sending them to the House, where representatives…
DetailsA teacher who deceived three special needs assistants (SNAs) in her school out of just over 2,000 has been spared a custodial sentence and a criminal conviction. Dublin District Court heard Kim Murrin “spiralled out of control”, leading to a 40,000 gambling debt at the time. Murrin, 30, of Ballymcgowan, Letterkenny, Co Donegal, pleaded guilty…
DetailsKim Murrin (30) deceived the SNAs when her life spiralled out of control and she built up a 40,000 gambling debt. Judge Bryan Smyth applied the Probation Act, leaving her without convictions, after hearing Murrin had paid full compensation and wanted to return to teaching. However, he refused to go further and dismiss the charges,…
DetailsJanuary 24th, 2023: This is when Hindenburg Research came out with its detailed report alleging Gautam Adaniand the Adani Group of accounting fraud, stock manipulation, and money laundering. Hindenburg Vs. Adani Group businesstoday It’s a no-brainer that the Hindenburg research report has rattled the Adani group, which is visible through the bloodbath of the group…
DetailsLONDON, Feb 2 (Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters. The informal group of bilateral lenders is set to…
DetailsAs insolvencies in the UK hit their highest level since 2009, Colin Haig, immediate past president of R3, says there are too many directors seeking help too late. The latest figures by the UK Insolvency Service reveal there were 22,109 underlying corporate insolvencies in 2022, an increase of 57% from 2021s statistics. The numbers show…
DetailsNEW ORLEANS (WVUE) – A bill to fund incentives for insurance companies cleared a major hurdle in the legislature on Wednesday (Feb.1). After hours of questioning Insurance Commissioner Jim Donelon, the House voted 90 to 8 in favor of House Bill 1, which places $45 million into an incentive fund to help attract insurers to…
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