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Bristol, PA
Business
Regal Cinemas Quietly Closes Bucks County Theater
Regal Cinemas has closed a Bucks County location. The Regal Richland Crossing movie theater off Route 309 in Quakertown shuttered on Thursday, Sept. 15, the company announced on its website. Regal's parent company Cineworld Group LLC filed for Chapter 11 bankruptcy earlier this month. "The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and huge disruption to film schedules that has led us to this point,” Cineworld CEO Mooky Greidinger said. The following 18 Regal locations remain open in Pennsylvania: Conshohocken, Regal Plymouth M…
Lower Paxton, PA
News
Harrisburg Diocese Agrees To Create $7.5 Million Trust For Sex Abuse Survivors
A settlement has been reached and the Diocese of Harrisburg has agreed to set up a trust for the survivors of sexual abuse at the hands of its clergy. The agreed $7.5 million trust would allow the Diocese to come out of bankruptcy protection— the dioceses had filed for bankruptcy in 2020, and more than 50 people have filed claims that they were abused by priests since that time. "The steps we take today continue our commitment and responsibility to support survivors of clergy abuse, and to make restitution for the suffering they have endured," Bishop Ronald Gainer said in a news…
Rye, NY
Business
Ny-b
ased Revlon, Iconic 90-Year-Old Multinational Personal Care Company, Files For Bankruptcy
New York-based personal care and cosmetics company Revlon announced it has filed for bankruptcy on Thursday, June 16. The company is hoping to get $575 million in debtor-in-possession (“DIP”) "to strategically reorganize its legacy capital structure and improve its long-term outlook," according to a release. Revlon says they plan on operating "seamlessly" after the filing “Today’s filing will allow Revlon to offer our consumers the iconic products we have delivered for decades, while providing a clearer path for our future growth,” said Debra Perelman, Revlon's President an…
Hartford, CT
Business
JCPenney Offers Billions To Buy Rival Kohl's, Report Says
The owners of JCPenney are bidding to acquire rival Kohl’s, according to a new report. Shopping-mall owners Simon Property and Brookfield Asset Management have offered around $8.6 billion for Kohl's stores, the New York Post reports. Under the plan, JCPenney's parent company would maintain two separate brands and cut costs by $1 billion at Kohl’s over the next several years, the Post said, citing a source. After filing for bankruptcy in the spring of 2020, JCPenney was acquired by Simon Property Group and Brookfield Asset Management. With about 1,160 locations in every state except Hawaii…
Bedford, NY
News
Purdue Pharma Reaches $6B Settlement With US States Over Thousands Of Opioid-Related Lawsuits
OxyContin creators Purdue Pharma and the Sackler family have reached a $6 billion settlement over their roles in the ongoing opioid crisis plaguing the country. The announcement comes following an earlier deal made with Purdue, headquartered in Stamford, Connecticut, that was ultimately appealed by eight states and the District of Columbia until the Sacklers kicked in more cash to get the deal done. Earlier story - NY, Other States Reach $4.5B Settlement With Purdue Pharma Over Its Role In Opioid Epidemic The $6 billion will be paid out over the course of 18 years, with larger payments fro…
Hackensack, NJ
News
Authorities: Long Island Couple In $1 Million Securities Scam Targeted Elderly NJ Investors
Several New Jersey seniors were scammed out of more than $1 million combined by a Long Island couple, Garden State authorities have charged. Salvatore Magaraci, 63, and A. Kirsten Gallardo, 60, of Huntington, NY specifically targeted elderly victims to pitch unregistered securities to for a crooked – and now defunct -- company, Acting New Jersey Attorney General Andrew J. Bruck said. The Woodbridge Group of Companies purported to be a commercial lender that made hard-money loans secured by mortgages on commercial property. It ended up being ordered to pay $1 billion -- and saw its foun…
Kingston, NY
Lifestyle
One Hudson Valley Boy Scout Camp Saved, One Sold, Amid Bankruptcy Concerns
Facing bankruptcy concerns, the Boy Scouts of America Greater Hudson Valley Council announced that they will be selling off one of its popular camps, though another has been given a stay of execution and is off the market. In Rockland County, the Council announced that they have decided to sell Camp Nooteeming in Salt Point to “ensure that scouting in the Hudson Valley will grow and have a sustainable, bright future.” Over the summer, the Council cautioned the town that three properties were being put up for sale, including the 313-acre Camp Bullowa in Stony Point, which has a storied hist…
Mount Pleasant, NY
News
NY Man Who Hasn't Paid Mortgage In 23 Years Will Finally Be Evicted, Judge Rules
After missing mortgage payments for more than 23 years, a New York man is set to be evicted from his home after a new ruling from a judge. A judge ruled that Long Island resident Guramrit Hanspal does not qualify for COVID-19 eviction protections because he has been illegally squatting in the Nassau County home and is not a renter, according to the Daily Mail. The real estate firm that owns the property has been trying to evict the 52-year-old. The firm's attorney said the firm intends to "immediately" enforce the court's order, Daily Mail reported. Related - Nas…
Pascack Valley, NJ
News
High-Living Ex-Bergen Stockbroker Arrested By IRS For Ducking $4.3M In Taxes, Feds Say
A disgraced stockbroker from Bergen County was arrested Thursday by IRS agents who said he lived the high life while shortchanging Uncle Sam $4.3 million. Jason Kronick, 48, of Woodcliff Lake made headlines after he was fired from one job for alleged “unauthorized trading and unauthorized positions,” then resigned from after allegedly omitting $330,000 in judgments against him on his job application. Kronick, who eventually filed for bankruptcy, earned $20 million during tax years 2008 through 2010, Acting U.S. Attorney Rachael A. Honig said Thursday. Honig said Kronick: used roughly $1.…
Brentwood, NY
News
Covid-
19: Long Island Man Dodging Eviction For 20-Plus Years Uses Virus To Delay Court Hearing
A Long Island man who has avoided paying his mortgage for decades is now claiming COVID-19 as a reason to allow him to stay in his home, officials said. Guramrit Hanspal, age 52, who has made just one mortgage payment on his East Meadow home - back in 1998 - has been navigating his way through the legal system for more than 20 years using a series of tactics to stave off eviction. Now, Hanspal’s latest gambit includes that he has suffered financial hardships because he was diagnosed with COVID-19, which allowed him to avoid his latest hearing in Nassau County Housing Court. Original stor…
Highland Lakes-Vernon, NJ
News
Injured EMT Settles Suit Against Mountain Creek For $1.75 Million
An EMT who was injured in a fall while working at Mountain Creek reportedly settled a lawsuit against the resort for $1.75 million. Frank Villecco was working for Atlantic Health, which provided emergency medical services to the Vernon Township resort, when he slipped on water while bringing an injured skier into a medical room in March 2013, New Jersey Law Journal reported. Villecco suffered a herniated disc, which required fusion surgery, a spinal cord stimulator implant and pain medication for what became a chronic condition, his lawyer said. He sued Mountain Creek for not removing the …
White Plains, NY
Obituaries
Official Cause Of Death For Westchester Native, Rapper DMX Released
An official cause of death for rapper and lifelong New Yorker DMX has been released following his death in April at the age of 50. The Westchester County Medical Examiner told Vulture on Thursday, July 8 that the hip-hop icon died on April 9 due to a cocaine-induced heart attack which caused a lack of blood circulation to his brain. Original story - Rapper, Westchester Native, Resident DMX Dies At Age 50 “It was cardiac arrest for a period of time, so there was no circulation to the brain,” the Medical Examiner explained to Vulture. No official statement has been released by the ME’s offi…
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