NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement
NJ, NY, PA Among States Sharing Historic $4.3B Purdue Pharma Settlement Oxycontin-maker Purdue Pharma has reached an historic $4.3 billion settlement with New Jersey, New York, Pennsylvania and a dozen other states that one attorney general said involved the “most that individuals have ever paid for breaking the law.” New Jersey expects to receive more than $110 million from the deal, state Attorney General Gurbir S. Grewal said Thursday. As part of the settlement, the Sackler family must surrender ownership of the bankrupt drug company. They also must release more than 30 million family and Purdue Pharma documents that outline their roles in an opioid epidemi…
Legal Expert Says Indictment Would Be 'Devastating' For Trump Organization Legal Expert Says Indictment Would Be 'Devastating' For Trump Organization
Legal Expert Says Indictment Would Be 'Devastating' For Trump Organization With the Trump Organization expected to face a criminal indictment this week, one of the nation’s top legal experts said that it could be "devastating" for the former president, and could potentially lead to bankruptcy for the company. Attorneys for the Trump Organization were advised that criminal charges will be filed in Manhattan as soon as Thursday, July 1, including top target, Chief Financial Officer Allen Weisselberg, and other lead members of the organization. The former president himself is not expected to be charged with anything criminal. Related story - Trump Foundation Will C…
'Get The Truth Uncovered': Nine More NJ Priests Accused Of Sex Abuse 'Get The Truth Uncovered': Nine More NJ Priests Accused Of Sex Abuse
'Get The Truth Uncovered': Nine More NJ Priests Accused Of Sex Abuse The names of nine Catholic priests from New Jersey have been added to one law firm's list of accused child sex abusers. The priests below are the latest named in sex abuse settlements stemming from the Diocese of Camden County's bankruptcy case, according to the law firm of Jeff Anderson & Associates. The alleged crimes took place in Camden, Collingswood, Hammonton, Pennsauken, Waterford, Cherry Hill, Laurel Springs, and Carney’s Point, with the abuse spanning from the mid-1950s through the early 1980s, Anderson said. Rev. Jerome Prisco Rev. Joseph O’Connell Rev. John O’Brien Rev. Ken…
Rapper DMX Hospitalized In Westchester In Grave Condition Rapper DMX Hospitalized In Westchester In Grave Condition
Rapper DMX Hospitalized In Westchester In Grave Condition The rapper DMX is hospitalized in his native New York in Westchester County in grave condition, according to a report by TMZ. DMX, age 50, whose birth name is Earl Simmons, suffered an overdose around 11 p.m. Friday, April 2, which led to a heart attack, according to TMZ. He is hospitalized in the critical care unit in White Plains, the report said. Simmons is a Mount Vernon native who grew up in Yonkers. Simmons lived near the Bedford border on McLain Street in Mount Kisco with his now-estranged wife Tashera Simmons before putting the home into foreclosure in 2016 after filing for bankru…
Long Island Catholic Diocese Sells Headquarters for $5.2M After Filing Bankruptcy Long Island Catholic Diocese Sells Headquarters for $5.2M After Filing Bankruptcy
Long Island Catholic Diocese Sells Headquarters for $5.2M After Filing Bankruptcy The Roman Catholic Diocese of Rockville Centre on Long Island has sold its headquarters for $5.2 million in an effort to compensate its creditors. The property in Rockville Centre, at 50 North Park Ave., was purchased by Synergy Holding Partners, which includes a five-story office building and a parking lot, said Sean P. Dolan, director of communications for the Diocese.  As part of the agreement, the diocese will continue to occupy the building until August 31, while it completes its transition to new facilities.  The diocese, home to 1.4 million Catholics on Long Isla…
Bergen Exec From Passaic County Admits $91.5 Million Bank Fraud, Questions Remain Bergen Exec From Passaic County Admits $91.5 Million Bank Fraud, Questions Remain
Bergen Exec From Passaic County Admits $91.5 Million Bank Fraud, Questions Remain Now that an executive of a Glen Rock property management company has admitted his role in a $91.5 million loan fraud, questions remain about an "unnamed co-conspirator." Barton Schack, 65, of Ringwood, told a federal judge in Newark this week that he helped the other participant fraudulently secure a massive commercial mortgage loan by lying about how many tenants were in a network of medical office buildings used as collateral and how much rent they’d paid, Acting U.S. Attorney Rachael A. Honig said. The pair then pocketed millions of dollars in rent from the properties -- which …
Watch Atlantic City Trump Plaza Implosion (VIDEO) Watch Atlantic City Trump Plaza Implosion (VIDEO)
Watch Atlantic City Trump Plaza Implosion (Video) Trump Plaza in Atlantic City is officially gone. The hotel casino that has loomed over Missouri and Mississippi avenues since 1984 was imploded at 9 a.m. Wednesday morning. Do you have photos or video? Email [email protected]. The property owned by former President Donald Trump closed when Trump Entertainment Resorts filed for its fifth bankruptcy in 2014.  Trump later filed a lawsuit requesting his name be removed from the deteriorating building. Carl Icahn bought the property in 2018 and in 2020 applied to have it demolished, as the former hotel and casino was deemed a p…
Watch Atlantic City Trump Plaza Implosion (VIDEO) Watch Atlantic City Trump Plaza Implosion (VIDEO)
Watch Atlantic City Trump Plaza Implosion (Video) Trump Plaza in Atlantic City is officially gone. The hotel casino that has loomed over Missouri and Mississippi avenues since 1984 was imploded at 9 a.m. Wednesday morning. Do you have photos or video? Email [email protected]. The property owned by former President Donald Trump closed when Trump Entertainment Resorts filed for its fifth bankruptcy in 2014. Trump later filed a lawsuit requesting his name be removed from the deteriorating building. Carl Icahn bought the property in 2018 and in 2020 applied to have it demolished, as the former hotel and casino was deemed a public safe…
Ruby Tuesday's Another Victim Of Coronavirus Ruby Tuesday's Another Victim Of Coronavirus
Ruby Tuesday's Another Victim Of Coronavirus First bankruptcy, then coronavirus. Ruby Tuesday's is the latest restaurant chain to close more restaurants in New Jersey. The company confirmed it recently closed its restaurants in Toms River and Eatontown. The Toms River restaurant was located at 1311 Route 37 W., off of Route 9. The Eatontown restaurant was located at Monmouth Mall on Route 35. There are now four Ruby Tuesday restaurants remaining in New Jersey: Elizabeth, Mount Laurel, Somerset and at Newark International Airport. In May, Ruby Tuesday closed its Freehold, Neptune and Lakewood restaurants, After filing for bankruptcy…
Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout
Fairfield County Man Charged After Declaring Bankruptcy Despite Life Insurance Payout A Bridgeport man could face five years in prison after neglecting to mention while under oath that he was the beneficiary of a $100,000 life insurance policy for his mother, who died nine days after he filed for bankruptcy. Anthony Faustini, 57, was $86,862 in debt according to the office of the Connecticut U.S. Attorney. He reportedly filed for bankruptcy on March 12 of 2018; nine days later, his mother passed away.  On April 18 of that year, Faustini testified in bankruptcy court. When he was specifically asked whether "anybody died and left you any money," Faustini said "no" under o…
Former Owner Of Upscale Northern Westchester Restaurant Sentenced For Fraud Former Owner Of Upscale Northern Westchester Restaurant Sentenced For Fraud
Former Owner Of Upscale Northern Westchester Restaurant Sentenced For Fraud The former owner and operator of an upscale Northern Westchester restaurant has been sentenced for committing wire fraud in connection with her multi-year scheme to defraud the restaurant’s lenders, mortgagee, bankruptcy creditors, and customers, authorities announced. Fairfield County resident Barbara Meyzen, also known as “Bobbie," 57, of Redding,  owned and operated the La Crémaillère Restaurant in the North Castle hamlet of Banksville starting in 1993 until earlier this year. She pleaded guilty to one count of wire fraud on Thursday, March 5  in White Plains federal court…
COVID-19: Century 21 Files For Bankruptcy, Closing All Stores COVID-19: Century 21 Files For Bankruptcy, Closing All Stores
Covid-19: Century 21 Files For Bankruptcy, Closing All Stores Liquidation sales are under way at all 13 Century 21 stores after the company announced Thursday it filed for Chapter 11 bankruptcy protection. The impetus was a non-payment of approximately $175 million declined by the company's insurance provider as a direct result of losses during the COVID-19 pandemic, the company said in a press release. The off-price retail store in business for more than 60 years was left with "no viable alternative" to closing," the company's co-CEO Raymond Gindi said.  "While retailers across the board have suffered greatly due to COVID-19, and Century 2…