Kayla Mills spent most of this year driving a Honda HRV, but last month she decided to return the vehicle to the dealership. Her reason? The $520 a month car insurance bill no longer fit her budget. "I can pay it, but being able to afford it while also affording the rising costs of everything else … [Read more...]
Redbox shutting down 24K kiosks, over 1,000 workers haven’t been paid over parent company’s bankruptcy filing | Warren & Migliaccio
The digital age of movie-watching claimed yet another victim in its years-long fight for viewership domination. Redbox, the once beloved movie rental kiosk and rival of video store Blockbuster, is shutting down after its parent company filed for bankruptcy. Chicken Soup for the Soul … [Read more...]
Cigna Objects To Ch. 11 Nursing Home Asset Sale Proposal – Law360 | Warren & Migliaccio
By Emlyn Cameron (July 11, 2024, 8:37 PM EDT) -- Cigna Health and Life Insurance Co. asked a Pennsylvania bankruptcy judge to reject a sale process proposed by some of the debtors in a Pittsburgh-area nursing home network's consolidated Chapter 11 case, saying it gave the debtors too much leeway to … [Read more...]
Rite Aid Gets OK To Sell Interests In Its Loan To MedImpact – Law360 | Warren & Migliaccio
By Hilary Russ (July 11, 2024, 6:25 PM EDT) -- A New Jersey bankruptcy judge on Thursday approved Rite Aid's sale of most of its interests in a $567 million loan that it made, the proceeds of which it will distribute to creditors under its Chapter 11 reorganization plan.... (source) … [Read more...]
Bally Sports Parent Axes TV Deal With NHL’s Dallas Stars – Law360 | Warren & Migliaccio
By Alex Wittenberg (July 11, 2024, 3:18 PM EDT) -- A Texas bankruptcy judge on Thursday approved a request by Bally Sports parent company Diamond Sports Group to reject a broadcast agreement with the NHL's Dallas Stars, the latest professional team to part ways with DSG.... (source) … [Read more...]
Ex-Bankruptcy Judge Says Immunity Bars Atty Romance Suit – Law360 | Warren & Migliaccio
By Lynn LaRowe (July 11, 2024, 3:06 PM EDT) -- A former U.S. bankruptcy judge being sued over a secret romantic relationship he had with a former Jackson Walker LLP lawyer who practiced in his court urged a Texas federal court on Thursday to toss the case, arguing that he enjoys "absolute immunity" … [Read more...]
Steward Health Care under federal investigation for fraud and corruption, sources tell CBS News | Warren & Migliaccio
CBS News has learned federal authorities in Boston have opened a criminal investigation into Steward Health Care, a company that owns dozens of hospitals nationwide, including nine in Massachusetts, according to two people familiar with the matter. Steward, which is based in Dallas, recently filed … [Read more...]
Prime Time in Big 12: Colorado coach Deion Sanders says he is ‘judged on a different scale’ – WTOP News | Warren & Migliaccio
LAS VEGAS (AP) — Colorado coach Deion Sanders said Wednesday at his first Big 12 media days appearance that he has to operate under an entirely different umbrella when it comes to expectations. The Pro Football Hall of Fame player is going into his second season coaching in a power conference. “I’m … [Read more...]
Rite Aid, DOJ Craft $410M Settlement Of Opioid Sale Claims – Law360 | Warren & Migliaccio
By Emlyn Cameron (July 10, 2024, 10:46 PM EDT) -- Rite Aid agreed to a nearly $410 million settlement with the U.S. Department of Justice, the bulk of which will be an unsecured claim in the company's Chapter 11 case, that will put to bed allegations the pharmacy chain dispensed opioids illegally, … [Read more...]
Synapse Credit’s Finance Lending License Pulled In California – Law360 | Warren & Migliaccio
By Craig Clough (July 10, 2024, 10:37 PM EDT) -- The California Department of Financial Protection and Innovation on Wednesday revoked the financing lending license of Synapse Credit LLC, a subsidiary of Synapse Financial Technologies, whose April bankruptcy resulted in thousands of customers losing … [Read more...]
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