Wells Fargo has agreed to pay more than $4 million in fines and rebates to settle charges of illegal student loan practices as part of a deal announced on Monday (Aug. 22nd). They did not admit or deny any wrongdoing. Wells Fargo will pay a penalty of $3.6 million to Consumer Financial Protection Bureau (CFPB). An additional… Continue reading Wells Fargo Agrees to Pay $4 Million to Settle Charges of Illegal Student-Loan Practices
On Wednesday (August 17th), Energy Future Holdings Corporation “urged a U.S. bankruptcy court on Wednesday to allow the bulk of its operations to exit Chapter 11, in the largest U.S. bankruptcy since the financial crisis.” Their counsel stated that it was time to confirm a plan to emerge out of Chapter 11. You can read… Continue reading More on the Energy Future Bankruptcy
Two months ago we posted that Gawker was filing for bankruptcy and would be put up for auction. The TV network and digital publisher, Univision, has won the auction and has agreed to pay $135 million for the bankrupt Gawker Media. The deal includes all 7 of Gawker media’s sites, including Gawker.com. Nick Denton, the… Continue reading Univision Buys Gawker for $135 Million
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I am pleased to report another successful mediation happened this week. Mediation involves bringing together two parties in a pending suit to see if they can reach an out of court agreement. A mediator is a facilitator who can suggest ideas, present options, and discuss privately possible outcomes of decisions that might be made. Thus,… Continue reading Friday Wrap Up
The Nashville, Tennessee based steakhouse chain Logan’s Roadhouse filed for Chapter 11 bankruptcy protection on Monday (August 8th). The move comes “after striking a deal with it bondholders to swap more than $300 million in debt for control of the restaurant chain.” The chain had skipped an interest payment to bondholders. They had been struggling… Continue reading Logan’s Roadhouse Files for Bankruptcy
Article from Eric Edholm of Yahoo Sports: “Just days after he was released by the Baltimore Ravens in what could be an NFL career-ending transaction comes more sad news with Trent Richardson. The former No. 3 overall pick of the Cleveland Browns in 2012 told ESPN’s Shelley Smith on “E:60” that his family and friends spent… Continue reading Trent Richardson says Family and Friends Spent $1.6M of his Money in 10-Month Span