D.A. Bragg Announces Creation of Office’s First “Worker Protection Unit” to Combat Wage Theft, Protect New Yorkers From Unsafe Work Conditions

Manhattan District Attorney Alvin L. Bragg, Jr., today announced the creation of the Office’s first-ever Worker Protection Unit to investigate and prosecute wage theft and other forms of worker harassment and exploitation across Manhattan’s many industries. Building on the success of the Office’s Construction Fraud Task Force, which will be part of the Worker Protection …

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Foreclosure activity in January may set the course for 2023

Foreclosure activity picked up to start the year, even as repossessions saw their first decline since summer 2021, according to real estate data intelligence provider Attom. January foreclosure filings, which include notices of defaults and auctions in addition to repossessions, increased 36% on an annual basis to a total of 31,557 units, which could be …

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FTX Bankruptcy Judge Denies Request for Independent Examiner

The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the U.S. bankruptcy trustee to appoint an independent examiner in the case. DOVER, Del. (AP) — The judge presiding over the bankruptcy of cryptocurrency exchange FTX has denied a request by the U.S. bankruptcy trustee to appoint an independent examiner …

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Now that pandemic aid has vanished, bankruptcies are on the rise

The end of federal pandemic aid is putting many Americans and businesses under mounting financial pressure, leading to a spike in bankruptcies. Total bankruptcy filings in January shot up 19% in January to 31,087, up 19% from a year ago, according to data from Epiq, a legal research firm. The number of Americans who filed for bankruptcy …

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RETAIL Bed Bath & Beyond lines up funding in a last-ditch bid to avoid bankruptcy

Bed Bath & Beyond will live to see another day – at least for now. The beleaguered home goods retailer has finalized a Hail Mary stock offering that’s expected to infuse more than $1 billion in equity into the company in hopes it’ll stave off bankruptcy and liquidation, the company announced Tuesday. Bed Bath brought in $225 million in …

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