Monthly Archives: October 2019

Forever 21 is preparing for a potential bankruptcy filing as the retailer’s cash dwindles and turn-around options diminish. The company was discussing additional financing and was working with a team of advisers to aid in restructuring debt, but negotiations with … Continue reading →

Nearly 50,000 members of the United Automobile Workers union (U.A.W.) went on strike at General Motors’ factories across the Midwest and South. U.A.W. regional leaders in Detroit voted unanimously to authorize the strike, the union’s first walkout since 2007. The … Continue reading →

OxyContin maker Purdue Pharma, LP filed for bankruptcy protection after more than 2,600 lawsuits alleged the company helped feud the U.S. opioid epidemic. Purdue reached a tentative deal to resolve lawsuits with 24 states and five U.S. territories, but two … Continue reading →

Ariana Grande, the pop music singer, has sued retailer Forever 21 for $10 Million, accusing the founders’ daughters of piggybacking off of her fame and influence to sell their merchandise. In the complaint filed on September 2, 2019, Grande accused … Continue reading →

Bankruptcy trustee Gregory Messer is suing Models Kendall Jenner and Emily Ratajkowski and performers Migos, Pusha T, and Lil Yachty in the U.S. Bankruptcy Court for New York. Messer has been investigating who was paid in the lead-up to the … Continue reading →

Patricia Currie, a 78-year-old woman from Mandeville, Louisiana, was found guilty on August 14, 2019 of attempted second-degree murder for attempting to kill her former bankruptcy attorney. On October 27, 2016, Attorney Keith Couture was alone at his law firm … Continue reading →

Deborah Sell, the former treasurer of Fontana, Kansas, was sentenced to a year and a day in federal prison. Sell pled guilty to lying on her income tax returns and stealing money from taxpayers. In February 2017, Sell used a … Continue reading →

An order was issued permanently barring Jeffrey Cadet, Kersh Tax Service, LLC, and Kersha Lewis from preparing federal tax returns for others or owning or operating a tax preparation business. The compliant filed by the government alleged that the defendants … Continue reading →

Ashraf Eldeknaway, a tax preparer in Portland, Maine, pled guilty to one count of aiding and assisting in the preparation of a false tax return. To claim the Earned Income Tax Credit and a fraudulently increased refund, Eldeknawey admitted to … Continue reading →

For more than 400,000 eligible taxpayers who already filed their 2018 tax returns, the Internal Revenue Service will automatically be waiving the estimated tax penalty. For taxpayers who have already paid the penalty will receive a refund check. For taxpayers … Continue reading →