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The NFL is facing a lawsuit from former NFL players who claim all 32 teams illegally obtained painkillers and pushed them to players to keep them playing through injuries. The lawsuit claims the painkillers were prescribed without any regard for the long-term health risks. The lawsuit was filed in a federal court in Maryland.
The contentious bankruptcy of Turner Grain Merchandising Inc. of Brinkley took an important turn on Thursday May 14, 2015 when a federal bankruptcy judge agreed to convert the company’s Chapter 11 bankruptcy into Chapter 7 liquidation. Turner Grain originally filed a nearly $25 million Chapter 11 bankruptcy in October of 2014 after facing numerous lawsuits from disgruntled far ...
American Eagle Energy Filed Chapter 11 Bankruptcy American Eagle Energy filed chapter 11 bankruptcy after falling crude oil prices hurt the Colorado-based company. American Eagle Energy purchases and develops oil across oil fields in Montana and North Dakota. The company missed an interest payment of $10 million to bondholders in March, and was forced to enter a 30-day grace period.
The for-profit career school Corinthian Colleges Inc. filed for bankruptcy protection on May 4, 2015 and closed 28 of its schools across the country. Over 16,000 students were enrolled in the schools when they closed, and these students must decide whether to apply for loan discharges or transfer their credits to another school while retaining their debt.
Senior U.S. District Judge Kenneth L. Ryskamp in Palm Beach County, Florida sentenced Dr. Richard S. Krugman and wife Tamara Giordano to one year and one day in prison each after they admitted to bankruptcy fraud by concealing jewelry and other valuables during their bankruptcy proceeding. The judge also ordered them to pay more than $27,000 in restitution. Dr.
Authorities with the state of Kansas took custody of Shona Banda’s 11-year-old-son after he made comments about medical marijuana during a drug education program at his school. Banda, 37, lost temporary custody of her son, and may face other charges in connection with a police search of her home. According to a NewsWire article by Tyler Jones, “At the school presentation on dr ...
Kelly Ilczyszyn, the widow of Richard Ilczyszyn, filed a wrongful death lawsuit against Southwest Airlines claiming her husband died as a result of the flight crew treating him like an out-of-control passenger instead of a passenger in need of help. According to CBS News, 46-year old Richard Ilczyszyn was on a flight home from a business trip and suffered a fatal pulmonary emb ...
Marc Jacobs suffered permanent brain damage when the Yellow Cab he rode in crashed during a high-speed accident 10 years ago. A Cook County jury awarded his family nearly $26 million, but he may never see any of the money, because Yellow Cab filed for bankruptcy protection less than 24 hours after the verdict.
Anthony Carta setup a religious organization to scam more than $300,000 from homeowners facing foreclosure, and was arrested in April of 2014. Just nearly a year later, Carta plead guilty in an Oakland County Circuit Court on April 2, 2015 to seven felony charges and was sentenced to 30 to 99 years in prison. Carta, 53 from Detroit, will also have to pay $400,000 in restitution.
Zachary Chesser, a Muslim convert from Virginia, filed a lawsuit against the FBI and his mother claiming they violated his parental rights. After Chesser’s initial lawsuit was dismissed as frivolous, his lawyer recently appealed the judgment and urged a federal appeals court to revive Chesser’s child custody rights on March 26, 2015, according to the Associated Press.
Just a few years ago Karmaloop, the online streetwear clothing retailer from Boston, looked as though the company was poised for big growth. Now, the company may need to file bankruptcy after struggling with excessive debt, according to the New York Post. Sources claim the company’s chief executive, Greg Selkoe, may be negotiating a deal with a private equity firm in New York ...
60 Minutes recently released an earth-shattering report about Lumber Liquidators describing how the company may be selling Chinese-made laminate flooring with toxic levels of formaldehyde to increase profits. Anderson Cooper covered the “Lumber Liquidators” report which aired on March 1, 2015. The report alleged Lumber Liquidators may have widely sold laminate flooring product ...
After the Independent Foreclosure Review in 2013, Citigroup agreed to compensate borrowers in a settlement for committing widespread foreclosure abuses. However, it was recently discovered more than 20,000 borrowers did not receive any money. According to a report by Bloomberg, “Citigroup missed about 23,000 borrowers who were owed compensation, said two people with knowledge of the matter.
Nina Pham, a nurse for Texas Health Presbyterian Hospital Dallas, was the first person to contract Ebola in the United States after treating patient Thomas Eric Duncan in September 2014. She plans to file a lawsuit Monday, March 2, 2015 over the hospital’s alleged improper training and lack of proper equipment to safely treat a patient with Ebola.
Saladworks LLC, a Conshocken, Pennsylvania-based fresh-salad franchise, filed for Chapter 11 bankruptcy on Tuesday, February 17, 2015. The company hopes to restructure and seek a buyer while ending ongoing litigation between the company’s owners. The company said in a release, “Saladworks has determined that the best way to maximize value for its stakeholders is through a sale ...