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Tag:
Bankruptcy
Cherry Hill, NJ
Police & Fire
Cherry Hill Restaurateur Committed Tax Fraud: AG
A 57-year-old South Jersey restaurant owner has been indicted on tax fraud charges, authorities announced Tuesday, Nov. 18. Andrew Cosenza Jr., who owned The Bistro at Cherry Hill in the Cherry Hill Mall, is charged with eight counts of filing a false or fraudulent tax return and eight counts of failing to turn over collected, withheld taxes, Attorney General Matthew Platkin said. An investigation into The Bistro began in 2023 by the New Jersey Division of Taxation’s Office of Criminal Investigation, Platkin said. Cosenza did not remit the proper amount of sales tax to the Division of Taxa…
Windsor Locks, CT
Business
Spirit Furloughing 1,800 Flight Attendants Amid Second Bankruptcy: Report
Spirit Airlines will furlough roughly a third of its cabin crew as the budget carrier slashes costs during its second bankruptcy in less than a year, according to reports. The airline said that about 1,800 flight attendants will be furloughed, CNBC reported on Monday, Sept. 22. The cuts will begin with voluntary furloughs. Affected employees will be offered six- or 12-month leaves while keeping their medical benefits, according to the Association of Flight Attendants-CWA. "As we work to return Spirit to profitability, we face difficult decisions about our network, our fleet, and …
Arlington, VA
News
Spirit Flight Urged To Move Away From Air Force One: 'Get Off The iPad!'
An air traffic controller repeatedly ordered a Spirit Airlines flight to turn away from Air Force One's path over Long Island. The tense moment in the skies near New York City happened on Tuesday, Sept. 16. According to FlightAware, Spirit flight 1300 left Fort Lauderdale, Florida, at 7:57 a.m. and landed in Boston at 11:07 a.m. Audio of the incident from LiveATC was posted on social media. An air traffic controller is heard urgently instructing the Spirit pilots to move away from Air Force One's path. Air Force One was flying to the United Kingdom with President Donald Trump abo…
Jericho, NY
Business
Publishers Clearing House Checks Stop For Winners After Bankruptcy Sale: Report
Several longtime Publishers Clearing House winners, including those who relied on their prizes to pay bills, may never see their millions in promised winnings, according to a report. Ten prize winners are among PCH's largest unsecured creditors, according to federal court records obtained by The New York Times. The Jericho, New York-based sweepstakes giant filed for Chapter 11 bankruptcy back in April. PCH reported liabilities between $50 million and $100 million, with assets of just $1 million to $10 million. In July, online casino operator ARB Interactive bought PCH ou…
Hartford, CT
Business
Red Lobster Replaces Endless Shrimp With New Deal After Emerging From Bankruptcy
Red Lobster is offering a new deal after its popular Endless Shrimp promotion helped push the company into bankruptcy. The seafood restaurant chain has introduced Ultimate SpendLESS Shrimp. The limited-time deal features Garlic Shrimp Scampi, Shrimp Linguini Alfredo, and Popcorn Shrimp for $15.99. The new promo comes nearly a year after Red Lobster emerged from Chapter 11 bankruptcy. "Since stepping into this role, I've gotten questions about Endless Shrimp," said CEO Damola Adamolekun. "'Is it coming back?' 'What really happened with the promotion?' 'How much shri…
Norwalk, CT
Business
Pinstripes Closes: Norwalk Restaurant, Bowling Alley, Event Space Shuts Its Doors
The bowling and bocce spot at Norwalk's The SoNo Collection has gone dark. The closure follows the chain’s bankruptcy filing in Delaware. Pinstripes opened in the Norwalk mall in 2019. It was the first restaurant to welcome guests at the shopping center. The space held a dozen bowling lanes, four bocce courts, and room for parties of up to 1,000 people. According to court filings, “Pinstripes Holdings, Inc. filed for Chapter 11 bankruptcy in Delaware on Monday.” The company listed more than $162.9 million in assets and over $258.6 million in debt. On Google, the Norwalk location now shows …
Hackensack, NJ
Business
Hundreds Face Layoffs At Major Companies Across New Jersey,
Warn
Notices Show
Multiple companies are set to lay off hundreds of workers across New Jersey in the coming months, according to the state’s Worker Adjustment and Retraining Notification (WARN) list. Claire’s Boutiques Inc. will lay off 155 employees in Morris, Ocean, Passaic, Somerset, and Union counties, effective Nov. 3. Claire's announced it would be closing 290 stores nationwide last August, after filing for bankruptcy. Ernst & Young will cut 130 jobs in Hudson and Middlesex counties on Oct. 31, while Merck & Co. in Rahway will lay off 58 employees on Nov. 14. Mark Anthony Brewing in Hill…
Annville-Cleona, PA
Police & Fire
Massive Fire Erupts At Weaber Lumber In Annville Weeks After Bankruptcy Filing (
Update
)
A massive fire tore through Weaber Lumber’s headquarters in South Annville Township overnight, just over a month after the company filed for bankruptcy, officials said. The fire broke out around 10 p.m. on Monday, Sept. 8, at Weaber Lumber located at 1231 Mount Wilson Road, according to Lebanon County emergency dispatchers. The flames were first reported by a maintenance worker on-site. Lawn Volunteer Fire Company is leading the response, with assistance from departments across multiple counties. Firefighters battled the blaze through the night and into Tuesday morning, using more than 1.1 …
Waterbury, CT
Business
Claire’s To Close Waterbury Store As Bankruptcy Restructuring Expands
The future of Claire’s in Connecticut is becoming clearer as the jewelry retailer works through bankruptcy and a new ownership deal. A list released in federal court shows that two Claire’s stores in the state will not survive the latest round of closures. Claire's announced this week it would close 290 locations, which include the company's jewelry and fashion store, Icing. The Icing store at The Shoppes at Buckland Hills in Manchester will shut its doors, though the Claire’s at the same mall will remain open. Claire’s locations at Brass Mill Center & Commons in Waterbury an…
Manchester, CT
Business
Claire's Closing Three CT Stores, 290+ Nationwide After Bankruptcy Filing: See Which Ones
Claire's has revealed nearly 300 of its stores that will be closing as the popular mall brand navigates bankruptcy. The well-known children's jewelry and ear-piercing retailer released a list of the 291 locations that are shuttering in a bankruptcy court filing on Monday, Aug. 25. That includes 71 Claire's and Icing stores across the Northeast. The closures add to the financial pressure facing the mall chain, which filed for bankruptcy earlier in August. Claire's is working to restructure nearly $500 million in debt by December 2026, Bloomberg reported. Columbia, Maryland-based Ames W…
Drexel Hill-Upper Darby, PA
Weather
Spirit Plane From Philly Spotted Flying Over Hurricane Erin Sparks Online Buzz
A Spirit Airlines flight from Philadelphia has drawn attention after it appeared to fly over Hurricane Erin while it was a Category 4 storm. Spirit's flight NK2298 from Philly to San Juan, Puerto Rico, seemingly crossed Hurricane Erin's path on Monday, Aug. 18. Flightradar24's tracker showed the Airbus A320 going over the powerful storm north of the Dominican Republic. In a Facebook post, Flightradar24 jokingly asked if the Spirit flight was collecting crucial data for meteorologists. "Has Spirit Airlines taken on the Hurricane Hunter mission?" Flightradar24 posted. Has Spir…
Hartford, CT
Business
Claire's Finds Buyer To Keep Mall Brand Alive: See Which Stores Will Close
Famous ear-piercing retailer Claire's has found a buyer as the struggling mall staple navigates bankruptcy and prepares to close more than a dozen stores. Claire's reached a deal with Ames Watson, which will acquire its North American business and intellectual property, the chain announced on Wednesday, Aug. 20. The agreement comes less than two weeks after Claire's declared bankruptcy for the second time since 2018. The deal must be approved by courts in the US and Canada. The companies didn't disclose the agreement's financial terms. Ames Watson is a private holding compan…
Schenectady, NY
Business
Kodak May Not Survive After 130+ Years, Iconic NY Film Company Warns: 'Substantial Doubt'
Kodak's "moment" may be coming to an end after 133 years. Eastman Kodak Company is warning investors that it may not be able to continue operating without securing new financing. The Rochester, New York, company disclosed its financial concerns in its quarterly earnings release on Monday, Aug. 11. The pioneering photography brand reported a $26 million loss in the second quarter of 2025. That's a $52 million swing from the same period in 2024. The poor earnings report sent Kodak's stock tumbling nearly 20% on Tuesday, Aug. 12. "As a result, these conditions raise substantia…
Atlantic City, NJ
Business
Spirit Needs More Cash To Survive, Airline Warns: 'There Is Substantial Doubt'
Despite recently emerging from bankruptcy, Spirit Airlines warns that it may not survive the next year without raising more cash, according to a new filing. Spirit said it's facing significant financial pressure due to "elevated domestic capacity and continued weak demand for domestic leisure travel" in the second quarter of 2025. The budget airline disclosed its concerns in a quarterly filing with the Securities and Exchange Commission on Monday, Aug. 11. The Dania Beach, Florida-based company said it expects to face a "challenging pricing environment" through at least the end of…
Hartford, CT
Business
Bed Bath & Beyond Returns: First New Store Opens, Dozens Planned In Comeback
Bed Bath & Beyond is officially making its comeback, opening its first physical store since the last location shuttered more than two years ago. The new store, called Bed Bath & Beyond Home, opened in Brentwood, Tennessee, on Friday, Aug. 8. The Brand House Collective is planning to start with six locations in the greater Nashville area. The launch marks the first phase of a broader rollout that could see about 75 stores open by the end of 2026. Brand House was previously named Kirkland's until shareholders approved the company's name change in late July. T…
Hartford, CT
Business
Claire's Files For Bankruptcy As Mall Traffic Declines, Debt Rises For Ear-Piercing Icon
Famous tween retailer Claire's is declaring bankruptcy as the popular mall chain struggles with debt, shrinking traffic, and trendy competition. Claire's is filing for bankruptcy in Delaware and Canadian courts, the company said in a news release on Wednesday, Aug. 6. The retailer known for children's jewelry and piercings is in a race to pay off a nearly $500 million loan by December 2026, Bloomberg reported. The move will allow Claire's to begin selling off assets while continuing talks with potential buyers, according to CEO Chris Cramer. "This decision is difficult, but …
Hartford, CT
Business
Bed Bath & Beyond Plotting Comeback For Physical Stores: What We Know
Bed Bath & Beyond could be returning with physical stores more than two years after the last location closed. Beyond Inc. hinted at the first Bed Bath & Beyond store opening in the company's earnings report on Monday, July 28. Beyond also owns Overstock and buybuy BABY. The "small-format" store would be located in Nashville. "It's a smart, scalable model that puts our iconic brands back in the heart of communities," said Beyond executive chair Marcus Lemonis. The company hasn't said when the store would open or if more locations are planned. Bed Bath & Beyond filed for b…
Hershey, PA
Business
Hershey Raising Candy Prices By Double Digits: Here's Why
Hershey is significantly raising prices on candy products as global shortages fuel a large spike in cocoa costs. A spokesperson for The Hershey Company confirmed the double-digit price increases to the Daily Voice on Wednesday, July 23. The decision is tied to rising ingredient costs, not President Donald Trump's sweeping tariffs that have increased prices of other consumer goods. While the eastern Pennsylvania company said it will hike prices, Halloween candy won't be affected. "We're committed to delivering the treats consumers love while continuing to invest in making our products …
Hartford, CT
News
Health Insurance Premiums Take More From CT Paychecks Than Most States, Study Says
Health insurance premiums are taking a big portion of many Northeast residents' paychecks, while some are losing much less of their incomes, according to a new study. WalletHub released its 2025 list of States Where People Spend the Most & Least on Health Insurance on Thursday, July 10. The study ranked all 50 states by how much residents spend on silver-tier health insurance plans as a share of median household income. Premiums rose 6% for individual plans and 7% for family plans in 2024, continuing a recent trend of dramatic increases. "Inflation has driven up health i…
Manchester, CT
Business
Chuck E. Cheese Opening Adult Arcade Spinoffs: See What's Inside
The place "where a kid can be a kid" is now somewhere a grown-up can also be a kid! Chuck E. Cheese is creating gaming centers that cater to adults called "Chuck's Arcade," the Texas company said in a news release on Monday, June 30. The new concept combines modern gaming and retro classics. The chain has opened 10 arcade-only locations in malls across eight states, including Trumbull, Connecticut; Nashua and Salem, New Hampshire; and Victor, New York. "Chuck E. Cheese has spent decades mastering the arcade experience — it's in our DNA," said CEO David McKillips. "Thanks to the expert…
Hartford, CT
Business
Canned Food Giant Declares Bankruptcy As Trump's Aluminum, Steel Tariffs Hurt Industry
Del Monte Foods is filing for bankruptcy as the canned food giant looks to stay in business amid rising packaging costs and supply disruptions tied to President Donald Trump's steel tariffs. Del Monte announced it filed for Chapter 11 in New Jersey federal court in a news release on Tuesday, July 1. The company plans to sell as it restructures nearly $1 billion in debt during the bankruptcy proceedings. The move comes as the canned goods industry has warned about rising costs due to Trump's 50% tariffs on aluminum and steel imports. "This is a strategic step forward for Del Monte…
Hartford, CT
Business
Online Hiring Pioneers CareerBuilder, Monster File For Bankruptcy
Once the most recognizable names in online hiring, CareerBuilder and Monster are filing for bankruptcy. CareerBuilder + Monster has entered into Chapter 11 bankruptcy proceedings, the Chicago-based company said in a news release on Tuesday, June 24. The websites were founded in the mid-1990s and merged in September 2024. The company aims to restructure its operations amid several financial issues. "For over 25 years, we have been a proud global leader in helping job seekers and companies connect and empower employment across the globe," said CEO Jeff Furman. "However, like m…
Arlington, VA
Real Estate
Builder Confidence Sinks Near Pandemic Low As Trump Tariffs Worry Homebuyers
Homebuilder confidence just sank to its third-lowest level since 2012 as President Donald Trump's sweeping tariffs and stubbornly high mortgage rates scare off prospective homebuyers. Builder sentiment dropped two points to 32 in June, according to the National Association of Home Builders/Wells Fargo Housing Market Index released on Thursday, June 17. That's barely above the readings of 31 in December 2022 and 30 in April 2020. In the Northeast, sentiment slipped one point to 43 on a three-month moving average. A score above 50 means more builders see conditions as good than poor…
Arlington, VA
Business
Retail Sales Fall Sharply As Trump Tariffs Hurt Consumer Spending In May
US retail sales fell more than expected in May as consumers pulled back on spending amid rising economic anxiety fueled by President Donald Trump's tariffs. Seasonally adjusted sales dropped 0.9% in May to $715.4 billion, the US Census Bureau said on Tuesday, June 17. That was even worse than the 0.6% decline forecasted by the Dow Jones consensus, CNBC reported. The tumble followed a downward revision for April, which is now listed as a 0.1% decrease. Compared to last May, sales were up 3.3%, but momentum appears to be slowing. The steepest decline came from a…
Paramus, NJ
News
Investigation Into Priest Sexual Abuse Can Proceed, NJ Supreme Court Rules
The New Jersey Supreme Court unanimously ruled on Monday, June 16 that a grand jury investigation into New Jersey archdioceses for sexual abuse can proceed. The Diocese of Camden had challenged the original grand jury investigation, which began in 2018, and a trial court had ruled in favor of the church, blocking the investigation, ruling it was not authorized by law. "We find that the State has the right to proceed with its investigation and present evidence before a special grand jury. If the grand jury issues a presentment, the assignment judge should review the report and publ…
Atlantic City, NJ
Business
Spirit Adding Flights From Atlantic City Airport To Miami: Here's What To Know
Jersey Shore travelers will soon have a new way to reach South Florida. Spirit Airlines is launching nonstop flights from Atlantic City International Airport to Miami International Airport, a spokesperson said to the Daily Voice on Friday, June 13. The seasonal service starts Wednesday, Aug. 13. The flights will be offered four times a week: Mondays, Wednesdays, Fridays, and Saturdays. "We know many of our Atlantic City guests enjoy traveling to South Florida, and we're excited to make it easier to visit Miami and enjoy the city's beautiful beaches, unique culture and exciting ni…
Hartford, CT
Sports
Pickleball Company Owner Scammed Hundreds, Owes $47M In Debts: DOJ
A pickleball company owner accused of running a Ponzi-like scheme won't be able to walk away from more than $47 million in unpaid debts, authorities said. Rodney Grubbs agreed to waive his right to bankruptcy discharge, the Department of Justice announced on Wednesday, June 11. Grubbs was the owner of Indiana-based All About Pickleball LLC, also known as Pickleball Rocks. Creditors can continue to go after him for repayment, even after his bankruptcy case is closed. "The USTP is committed to addressing fraudulent and abusive conduct that threatens the integrity of the bankruptcy …
Drexel Hill-Upper Darby, PA
Business
Philly-Based Rite Aid Closing 110+ More Stores Amid New Bankruptcy Filing: See Full List
Rite Aid will shut down more than 100 additional stores nationwide as the struggling pharmacy chain moves deeper into bankruptcy. The closings were disclosed in a recent bankruptcy court filing, less than a month after Rite Aid filed for Chapter 11 on Monday, May 5. The Philadelphia-based chain is working to sell off its pharmacies, inventory, and other assets to several potential buyers. Rite Aid said it has secured $1.94 billion in new financing to keep locations open during the bankruptcy process. Pharmacy services and immunizations will continue in-store and online. The lates…
Hartford, CT
Business
Big Lots Reopening 78 Stores As Retailer Finishes Bankruptcy Comeback: See The Full List
Dozens of more Big Lots stores will reopen, finishing a nationwide comeback months after the discount chain filed for bankruptcy. Big Lots will open 78 stores on Wednesday, June 5, the company said in a news release on Friday, May 30. The chain began reopening locations in April after it was purchased by Variety Wholesalers in December 2024. After this wave of reopenings, Big Lots will have 219 stores back in business in the mid-Atlantic, Midwest, and South. Nine stores were the first to open on Thursday, April 10, and 132 locations joined in May. Big Lots said its reop…
Tarrytown-SleepyHollow, NY
Business
Westchester-Based Regeneron Buying Bankrupt 23andMe For $256M, Pledges To Protect DNA Data
Regeneron Pharmaceuticals will acquire embattled DNA testing company 23andMe in a $256 million court-supervised sale, promising to honor existing privacy protections and continue consumer services with no changes. The agreement to buy 23andMe was announced in a news release on Monday, May 19. It comes two months after 23andMe filed for Chapter 11 bankruptcy. Under the deal, Westchester County, New York-based Regeneron will take over 23andMe's personal genome service, total health, and research services. The telehealth brand Lemonaid Health will be shut down and Regeneron has offered to…
Atlantic City, NJ
Business
Spirit Adds Extra-Legroom Seats, Joining Airline Industry's Premium Push
Another airline is looking to compete for flyers wanting more comfortable travel experiences. Spirit Airlines will offer new extra-legroom seats on its flights, the company said in a news release on Tuesday, May 13. The budget airline also announced upgrades to its Free Spirit loyalty program. The updates mark a major shift for Spirit, which recently exited bankruptcy and is working to win over flyers with added perks and space. "Spirit's new premium options offer travelers exceptional value, and we're creating even more opportunities for guests to experience them with our new extra-legroo…
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