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Franciscan Friars of California Expected to Declare Bankruptcy

Tim Hale, a Santa Barbara, Calif., attorney with Nye, Stirling, Hale, Miller & Sweet, said that the Franciscan Friars of California — which is connected to Old Mission Santa Barbara — is expected to

Sam Bankman-Fried Found Guilty of Seven Counts of Fraud in Stunning Fall for Former Crypto Billionaire

Sam Bankman-Fried was found guilty on Thursday for his role in the collapse of crypto exchange FTX, CNN reported. After 15 days of testimony and about four and a half hours of deliberations, jurors

Analysis: Adam Neumann Wounded WeWork, an Office Market Bust Finished It Off

WeWork rode the wave of the venture-capital frenzy, building a global real estate empire worth more than any other U.S. startup before buckling and laying off thousands when funding ran dry under its

Michigan Judge Orders Stalled Edenville Flood Lawsuit to Proceed

A Michigan judge lifted a stay last week on a lawsuit brought by victims of catastrophic mid-Michigan flooding in 2020, ordering the state to file its first answer in the three-year-old case before

Student Loan Processor Mohela Punished for Millions of Late Billing Notices

The Education Department will withhold a $7.2 million monthly payment for a major student loan processor because it failed to send out timely billing notices to millions of borrowers, the Wall Street

Brigit Personal Finance App to Pay $18 Million in FTC Settlement

Brigit, which operates a personal finance app, agreed to pay $18 million to settle U.S. regulatory charges it falsely promised instant cash advances of up to $250 to consumers who live paycheck to

SEC Releases Regulations on Security-Based Swaps Trading Venues

The U.S. Securities and Exchange Commission released rules for security-based swaps trading platforms yesterday, more than a decade after Congress asked the agency to do so, Bloomberg News reported

Santa Fe Considers Tax on Mansions as Housing Prices Soar

Voters are deciding whether to tax mansions to pay for affordable housing initiatives in a state capital city prized for its desert-mountain vistas, vibrant arts scene and stucco architecture rooted

Serene Pavers of New Smyrna Beach Files for Bankruptcy, Owes 150 Creditors $1.6 Million

Serene Pavers & Stonescapes, a New Smyrna Beach, Fla., business that closed last month without completing jobs for which customers paid thousands, has filed for bankruptcy, Daytona Beach News-Journal

Sinclair Broadcasting Wants to Scoop Up Bankrupt RSN Giant Diamond Sports

Sinclair Broadcasting Group wants to pay pennies on the dollar to regain control of a nationwide chain of regional sports networks — which it had paid $10.6 billion to acquire four years ago only to