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New York art dealer duped clients out of millions, U.S. says | Crime ...
Frederick News Post
A Manhattan art dealer faces federal charges that he used paintings by Wassily Kandinsky and other renowned artists as bait to defraud collectors and investors out of millions of dollars.

and more »

Law360

Court Wrongly Disallows Lender's Post-Bankruptcy Legal Fee
Law360
“[T]he Bankruptcy Code does not permit [an undersecured] creditor ... to advance an unsecured claim for post-[bankruptcy] attorneys' fees,” held the U.S. District Court for the Eastern District of North Carolina on Nov. 27, 2017. Summitbridge National ...


wajr

Federal judge rules bankruptcy continues for troubled hotel group ...
wajr
CLARKSBURG, W.Va. — The sale of defaulting hotels in Clarksburg and Elkins will continue, following an evidentiary hearing in U.S. District Court for the Northern District of West Virginia Tuesday. “There is no ground that I can find to stop the ...

and more »

Moody's Downgrades Charming Charlie's PDR to D-PD Following Bankruptcy Filing; Will Withdraw Ratings
Moodys.com (press release)
Moody's Investors Service, Inc., a wholly-owned credit rating agency subsidiary of Moody's Corporation (“MCO”), hereby discloses that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and ...

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State seeks hotels' overdue taxes
The Inter-Mountain
Mountain West's attorneys have said a 2012 appraisal of the Elkins hotel values it at $8.7 million, while a 2012 appraisal of the Clarksburg hotel values it at $21.5 million. The State Tax Department filed its complaint Friday against both Mountain ...


District Court Affirms Disallowance of Lender's Legal Fee Claim
Lexology
The debtor “was not in default” when “the Chapter 11 petition was filed,” but Summitbridge's counsel performed post-bankruptcy services. Id. The bankruptcy court later confirmed the debtor's reorganization plan which provided for the allowance of the ...


The Guardian

England's councils may be doing well, or terribly. We have no way of knowing
The Guardian
This report isn't just an implicit rebuke to the Centre for Public Scrutiny, noting the resurgence of an organisational culture resistant to overview in many authorities. Its conclusions were predictable – and were predicted – seven years ago. This ...


Following bankruptcy, Pacific Coast Flange's Mound House facility ...
Markets Insider
MOUND HOUSE, NV--(Marketwired - November 21, 2017) - Machining and fabrication equipment from Pacific Coast Flange's Mound House facility is scheduled to be sold in an online auction on November 29th. The flange manufacturer, headquartered in Mound ...

and more »

Seeking Alpha

Seadrill - A December Update Appears Appropriate
Seeking Alpha
We are entering December and an update on Seadrill seems appropriate. A few important new topics have surfaced since my last article. NADL got today two new contracts in the North Sea. It is important to see SDRL as what it is, just a risky trading ...


New York art dealer duped clients out of millions, US says
Fairfield Daily Republic
A Manhattan art dealer faces federal charges that he used paintings by Wassily Kandinsky and other renowned artists as bait to defraud collectors and investors out of millions of dollars. Ezra Chowaiki, of the recently bankrupt Chowaiki & Co. Fine Art ...

and more »
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