Genting Hong Kong information for liquidation amid German lawsuit

Hong Kong skyline aboard Genting Cruise Lines Genting Dream while berthed in Hong Kong on Wednesday 28th July 2021.

Lam Yik | Bloomberg | Getty Images

Cruise Provider Genting Hong Kong said on Wednesday it had requested the company’s dissolution as the cash was expected to run out by the end of January.

It comes on the heels Warnings last week from the company that it could face potential cross-defaults on funding deals worth $2.8 billion as a result of the bankruptcy of its German shipbuilding subsidiary MV Werften.

In a filing on the Hong Kong Stock Exchange on Wednesday, Genting said the company will be “immediately unable to pay its debt as it falls due” as liquidity dries up.

The embattled cruise operator said it petitioned the Bermuda Supreme Court to have the company wound up after the company “made all reasonable efforts to negotiate with the relevant counterparties under its financing arrangements.”

However, the company said in its Wednesday filing that certain businesses — including but not limited to Dream Cruises’ cruise line operations — are expected to continue.

Genting Hong Kong owns Star Cruises and Dream Cruises, which operate in the Asia region, and Resorts World theme park in Manila. It also owns the Crystal Cruises line, which offers a range of round trips from Miami, Antarctica and Barcelona.

“However, it is expected that the majority of the group’s existing operations will cease operations,” it said.

Genting Hong Kong is part of a larger conglomerate that also includes Genting Malaysia and Genting Singapore. Among its assets, the conglomerate owns the Resorts World theme park chain, which includes parks in Singapore, New York City and the UK. It also has 30 casinos across the UK

The company, controlled by Malaysian tycoon Lim Kok Thay, has been hit hard by the Covid-19 pandemic as travel has ground to a halt.

Trading in Genting Hong Kong shares was suspended on Tuesday and will remain so until further notice, the company said.

Genting shares in Malaysia and Singapore were still trading on Wednesday. Genting Singapore Shares rose 0.64%, and Stocks in Malaysia were down 1.72%

litigation in Germany

Genting Hong Kong was in the midst of a court case with a regional government in Germany to claim an $88 million backstop facility — or backup funding for a secondary source of repayment — linked to MV Werften.

But in a ruling this week, the German state of Mecklenburg-West Pomerania denied Genting’s request for access to the $88 million, according to Genting’s filing earlier this week.

“The company and the group have no access to further liquidity under the group’s debt documents and the company’s available cash is expected to be depleted by the end of January 2022, according to the company’s cash flow projections,” Genting said on Wednesday.

It said it has petitioned the court to appoint interim liquidators and has also sought to authorize the liquidators to handle the company’s debt restructuring.

The company reported a net loss of US$238 million for the period ended June 2021, compared to a loss of US$742.6 million for the same period in 2020. Genting Hong Kong suspended payment of nearly $3.4 billion in 2020. according to news reports.

Settlement Reached in Dennis Hastert Hush Cash Lawsuit Days Earlier than Trial – NBC Chicago

In the civil suit against the disgraced former speaker of the US House of Representatives Dennis Hastert, an agreement was reached on Wednesday that provisionally put an end to the year-long hush-money case just a few days before the planned trial.

Judge Robert Pilmer, presiding judge for the 23rd Judicial District of Illinois, which includes Kendall County, where the lawsuit was filed, announced Wednesday afternoon that the parties had reached a preliminary settlement after attorneys on both sides showed more than an hour ago the scheduled date were held court proceedings.

“We have agreed in principle, the terms of the agreement are confidential,” said plaintiff’s attorney Kristi Browne after the settlement was announced, adding: “It just depends on us working out a written settlement agreement.”

“I can tell you that all claims between the parties are resolved subject to execution of the settlement agreement,” she said.

Hastert’s attorney, John Ellis, declined to comment.

“I would have loved to try this case, I think it was a good case,” said Browne. “I was very confident about our case from the start, but you know this is what we did and this is a solution my client is happy with.”

The settlement came less than a week after the judge ruled that the plaintiff, referred to only as James Doe in court records, would be identified in court for the first time after the trial began. The selection of the jury should begin on September 20th.

Haster, 79, approx. 85% served a 15-month prison sentence Delivered in 2016 after pleading guilty to a crime of financial crime known as structuring: disguising banking activities by withdrawing large amounts of cash in small denominations to circumvent federal reporting requirements.

Prosecutors said Hastert broke federal banking rules by covering up his $ 1.7 million withdrawals to pay hush money to a former student he made while teaching and wrestling in the 1970s. Sexually abused a coach at Yorkville High School prior to entering politics.

That person filed a breach of contract lawsuit against Hastert in 2016, demanding the unpaid balance of the total of $ 3.5 million in hush money, approximately $ 1.8 million.

Hastert was not charged in connection with the allegations of sexual abuse in part because of the Illinois statute of limitations – within three years of the incident or three years after a minor victim reached the age of 18 – had already expired.

When asked if the judge’s decision to appoint Doe had any impact on the settlement negotiations, Browne said she was unable to disclose communications with her client. But she later said that the deal came as “a bit” of a surprise to her.

“Anything can happen anytime, cases can be settled, but I would have said a few weeks ago that I was pretty sure this case was on trial,” she said.

“Let me say this: It is never over for a victim of childhood sexual abuse. It’s never over It affects her for the rest of her life, ”said Browne. “This solves this case. This solves my client’s claims against Mr. Hastert. It resolves Mr. Hastert’s counterclaim against my client and any litigation issues between them. “

Niles council members hurry for settlement cash from opioid epidemic lawsuit earlier than deadline

(WKBN) – Money is pouring into Ohio communities as part of a class action lawsuit settlement against drug companies for their role in the opioid epidemic.

The Ohio churches will receive $ 26 billion.

Niles is one of the communities working to get an ordinance to accept some of that money. They held a special council meeting on Wednesday evening to learn more about this money.

Niles is said to win $ 300,000 from the settlement.

This money can be used for treatment, education, distribution crackdowns, and other community needs.

12 year old Mahoning County girl looking for her forever home

Gostlin: Is there a reason the city shouldn’t accept this money?
Zuzolo: “Not from a legal point of view. Not that I could see it. “

Philip Zuzolo is a Niles Law Director.

The compensation never has to be paid back.

Johnson and Johnson and three pharmaceutical distributors pay the bill. One such distributor is Cardinal Health, based in Ohio, just outside of Columbus.

“This epidemic has hit us hard,” said Jimmy Julian, a member of Niles City Council.

According to the Ohio Attorney General’s website, Trumbull County ranks sixth in the state for all opioid-related deaths.

Niles has the second largest death toll in Trumbull.

“It will go into resources fighting this epidemic, which is still rife in northeast Ohio but across Ohio as a whole,” said Julian.

The distributors have 17 years to pay their severance payments. Under the terms of the agreement, Johnson and Johnson will cease selling and promoting the sale of opioids.

“Very much needed by the police, courts and various educational programs, and hopefully it can help families affected by this epidemic,” said Julian.

But the city is running out of time to pass the ordinance.

“We were told that the resolution or ordinance must be passed by August 13th to allow full participation,” said Zuzolo.

Not enough city council members showed up to see him off without a third reading.

So the last vote will take place on Thursday.

Councilors at Wednesday’s meeting say they expect to be approved before Friday’s deadline.

Legal professionals for victims in Flint water lawsuit make case for extra money in settlement

FLINT, me. – On Monday, lawyers for Flint residents were given the opportunity to bring their case that the $ 650 million settlement with the state is simply not enough because of the water crisis.

A total of 50,000 people have signed up to receive a stake, and many of them are unsatisfied with a variety of issues, including $ 200 million in legal fees.

Flint, is still grappling with the effects of the water crisis. Now the fight for money. From Monday, the victims’ lawyers pleaded for more money in court. Soon the victims will tell their own stories.

Here’s a look at the numbers.

  • 50,000+ registered

  • Money mostly for kids, businesses hit by the lead water crisis

  • Comparative deal for $ 640 million

  • Lawyers charge 32% legal fees

  • Balance about $ 435 million

When the deal was first announced, the governor was optimistic.

“It is our duty to make the best offer to Flint’s children and families,” said Michigan’s Governor Gretchen Whitmer.

But since then, some, including Flint’s former mayor, have been saying the number should be closer to 1 billion.

“It’s just not enough for those who have suffered,” said former Flint Mayor Karen Weaver.

display

Michigan Attorney General Dana Nessel released the statement on Monday.

“Our state owes the people of Flint a path to healing, not a lengthy legal back-and-forth. I continue to hope that this agreement will be finally approved to get us all on this path. We recognize that no amount of money will ever remove the damage done, but this comparison should serve as a reminder of our commitment to the people of Flint, the city and their future, ”said Nessel.

Copyright 2021 by WDIV ClickOnDetroit – All rights reserved.

Girls, veteran and minority restaurant house owners lose COVID reduction cash after lawsuit

Money intended for women, minority and veteran restaurants was taken away after a group of white men filed charges of discrimination.

SEATTLE – A federal aid program designed to help women, minorities and experienced restaurant owners survive the pandemic backfired on them.

It was all Chelley Bassett could do to keep the doors of her beloved Murphy’s pub open during the pandemic.

“It was really tough,” she said. “We did everything to stay open. We reduced the staff to myself, my business partner, the chef and a cook.”

With her money from the paycheck protection program, Bassett petitioned the federal agency Restaurant Revitalization Fund and received $ 89,000.

She thought it was a godsend that would help keep the drinks flowing at the Seattle pub like they have for the past 40 years.

“I was so happy because it was the last little boost we needed to keep things going,” said Bassett.

But that hope soon turned into fear. As quickly as the federal government approved this money, it took it away again.

The funds gave priority to restaurants owned by women, minorities and veterans in the application process. Some white male-run businesses in Tennessee and Texas alleged discrimination. You sued and won.

Now Bassett and about 3,000 other restaurants have nothing.

“I wanted to advertise. I don’t have the money to do it now,” said Bassett. “We want to give people a raise. We can’t give a raise. What should I do?”

CONNECTED: Some restaurants are struggling to find staff as Washington allows the return to full capacity

Anthony Anton, who heads the Washington Hospitality Association, says the pandemic left the average restaurant $ 150,000 in debt.

Anton urges people to get Congress to redeem all of these grants.

“The court’s decision is the court’s decision,” he said. “There’s nothing we can do about it. Without the return of the Restaurant Relief Fund, we’ll see more restaurants close. That’s just the truth. Debt is pretty high for many small businesses and there is only a limited amount that you can do keep it up.”

A bipartisan law has been introduced in the country’s capital to fund any restaurants that have asked for help. It remains unclear whether this is possible.

Back at Murphy’s, Bassett and all these other women, minorities, and veterans find themselves at the bottom of the line if Congress decides to run another round of funding.

“We are the industry that is hurting the most and we survived through fighting and now this is happening,” she says. “That is not right.”

https://www.youtube.com/watch?v=videoseries

MLB faces federal lawsuit for transferring All-Star Recreation; leisure lawyer begins singing profession at 92

News summary

Afternoon Briefs: MLB faces federal lawsuit over relocation of All-Star game; Entertainment lawyer starts singing at the age of 92

Atlanta Business Group is suing MLB for moving All-Star Game

Job Creators Network, a conservative small business organization, is suing Major League Baseball for moving the All-Star game out of Atlanta in July. In a 21-page complaint filed Monday in the U.S. District Court for the Southern District of New York City, Job Creators Network is calling for the game to be returned to the Georgia capital, $ 100 million in damages to local and state small businesses and $ 1 billion in punitive damages. The group cited events that caused the league’s decision, including the signing of a new electoral law by Republican Georgia Governor Brian Kemp March. (The Atlanta Journal Constitution, Fox business, Newsweek, Law.com, May 31st complaint)

Entertainment attorney in Los Angeles starts singing career at age 92

Bert Fields, a 92-year-old Los Angeles lawyer who has represented the Beatles, Tom Cruise, Madonna and other famous artists, has officially started his singing career. On May 14th the Greenberg Glusker Fields Claman & Machtinger partner debuted his own interpretation of “Back in the saddle“on Youtube. When asked why he chose the Gene Autry song, Fields said:” Somehow the lyrics and the music got me. ” Hollywood reporter)

SCOTUS rejects Johnson & Johnson appeal over $ 2 billion surcharge in baby powder case

The U.S. Supreme Court has dismissed Johnson & Johnson’s appeal on $ 2.12 billion in damages to women who alleged their ovarian cancer was caused by asbestos in the company’s baby powder. Last year, the Missouri Court of Appeals overturned Johnson & Johnson’s challenge to the 22 plaintiffs’ claims for damages and punitive damages, whose claims were in litigation, but reduced their total from the $ 4.69 billion originally decided by a jury . The company had argued that the amalgamation of different baby powder-related claims and the size of the jury’s compensation claim violated due process rights. ((Reuters, Forbes, June 1st assignment)

Attorney suspended for 90 days after making false claims about the judge

On Friday, the Iowa Supreme Court Disciplinary Committee suspended attorney Harold K. Widdison of Sioux City, Iowa, for 90 days for his conduct during his post-divorce litigation and managing escrow accounts. The board alleged ethical violations arising from various events during the litigation, including an amending case in which Widdison falsely alleged that a judge had told the parties that “she had some form of brain tumor and that the court’s decision would take a long time becomes”. . ”The board also alleged that Widdison had repeated the false claims. “While we all in the judiciary must be prepared for fair and unfair criticism, the unfounded attacks by an Iowa attorney on a judicial officer in this case are incomprehensible,” the board wrote in its statement. (The Lawyer blog, May 28th opinion)

Decide tosses lawsuit of man who alleged Jackson molestation | Ap-entertainment

LOS ANGELES (AP) – A judge on Monday dismissed a man’s lawsuit alleging Michael Jackson sexually abused him as a boy.

Los Angeles District Supreme Court Justice Mark A. Young granted the Jackson estate’s motion to dismiss Wade Robson’s 2013 lawsuit. The judge said two Jackson entertainment companies affected by the lawsuit had no legal obligation to protect Robson from Jackson.

“There is no evidence to support the plaintiff’s allegation that the defendants exercised control over Jackson,” the judge wrote. “The evidence further shows that defendants had no legal capacity to control Jackson because Jackson had complete and complete ownership of the company’s defendants.”

The dismissal came after the judge dismissed a similar lawsuit by James Safechuck in October. Both men made their allegations in the HBO documentary “Leaving Neverland”.

Vince Finaldi, attorney for Robson and Safechuck, said the verdict had “fatal flaws” and was being challenged.

“If the decision persists, it would set a dangerous precedent that would leave thousands of children working in the entertainment industry vulnerable to sexual abuse by people in places of power,” Finaldi said in a statement.

Robson, now a 38-year-old choreographer, met Jackson at the age of 5. He appeared in Jackson music videos and recorded music on his label.

His lawsuit alleged that Jackson molested him for a period of seven years and that, as Jackson’s employees, the two companies Jackson founded had a duty to protect him in the same way that Boy Scouts or a school should protect children from their leaders. However, the judge found that the companies were only legal entities that Jackson controlled, and not organizations that could control him.

Another judge dismissed Robson and Safechuck’s lawsuits in 2017, finding that the statute of limitations had expired. An appeals court revived legal action in 2019 after California Governor Gavin Newsom signed new law giving those accused of childhood sexual abuse more time to file lawsuits.

The allegations took on new life when the two men repeated them extensively in “Leaving Neverland,” a documentary that premiered at Sundance Film Festival and later aired on HBO.

The Jackson estate has relentlessly and repeatedly denied that he molested any of the boys and has filed a lawsuit against HBO that is currently in private arbitration.

“Wade Robson has made frivolous claims in various lawsuits against Michael Jackson’s estate and related companies over the past 8 years,” Jackson estate attorney Jonathan Steinsapir said in a statement following Monday’s judgment on I Have No Merit at All, that no process is necessary. “

The Associated Press does not normally name people who claim to have been victims of sexual abuse. But Robson and Safechuck have come back repeatedly and approved the use of their identities.

Follow AP Entertainment Writer Andrew Dalton on Twitter: https://twitter.com/andyjamesdalton

Copyright 2021 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed in any way without permission.

Corwin Legislation Agency Recordsdata Class Motion Lawsuit towards Occasion Leisure Group, Metropolis of Miami over COVID Cancellation of the 2020 Extremely Music Pageant

MIAMI, April 1, 2021 / PRNewswire / – Corwin Law, a consumer rights law firm based in Boca Ratonhas filed a class action lawsuit against Event Entertainment Group and the City of Miami on behalf of Florida Residents who bought tickets for the 2020 Ultra Music Festival that was supposed to take place March, 20th – 22, 2020 at Bayfront Park in Miami Beach.

Lawyer Marcus W. Corwin stated that the 2020 festival cancellation was disguised as a postponement due to the COVID-19 pandemic, with the promise of an expanded package of benefits for the 2021 festival for ticket buyers in lieu of refunds. After the 2021 event was canceled, the event organizers reached out to ticket holders again to make further promises but still no refund.

“It is completely irresponsible for the organizers to withhold refunds for more than two years, and for the City of Miami with no guarantee that this event can take place in 2022 or 2023, “Corwin said.

“This is an abuse of fairness and accepted and proper trading practice,” Corwin continued. “Nobody argues that the festival should have continued, but if it didn’t, the organizers should have refunded the money. If ticket holders want to attend the festival, they can choose and pay on their own terms.” “

After the class action lawsuit with eight counts filed in the Eleventh Judicial District in Miami-Dade County, “Ultra engages in intangible, unfair, and / or misleading trading practices by promoting, offering, and promoting the festival, taking the money from individuals to attend the advertised festival, canceling the festival, and then not allowing ticket buyers to receive it a refund, effectively shifting all of the risks and costs of Ultra’s decision to cancel the event to consumers. “

Gabriella PetrokaThe class representative stated, “As a longtime loyal participant, I am grateful to Ultra for making many amazing memories possible, and I hope Ultra will last for many years to come. However, I also hope Ultra will do the same.” Please consumers by giving us the choice of getting refunds and our own choice of how to use that money and whether or not to attend future events as I believe that, given the indescribable duration, that is the only thing fair result is this ‘shift’. “

Corwin, who has been practicing since 1986, has successfully fought Madonna, Live Nation, AT&T, Comcast, HBO and others, validating the offer to replace old tickets with new tickets for dates that were not confirmed as “totally unacceptable” .

The Corwin lawsuit is filing # 124094995 with the Miami-Dade County, Florida Circuit Civil Division.

This is not a solicitation of an invitation to members of the class to join the litigation. NO CLASS HAS BEEN CERTIFIED IN THE ABOVE PROMOTION. Until a class is certified, you will not be represented by an attorney unless you keep one. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT.

For further information please contact CORWIN LAW AT [email protected]

Marcus Corwin
Lawyer
Corwin Law
[email protected]

This version was published via WebWire®. For more information, visit https://www.webwire.com.

SOURCE Corwin Law

Lawsuit filed over hit-and-run loss of life of Nicki Minaj’s father | Leisure



FILE – This Monday, May 6, 2019, Nicki Minaj is attending the Costume Institute Benefit Gala at the Metropolitan Museum of Art in New York. Minaj’s mother has filed a $ 150 million lawsuit against the man accused of killing the rapper’s father in an accident in February 2021.


Evan Agostini

MINEOLA, NY (AP) – Rapper Nicki Minaj’s mother, Carol Maraj, has filed a $ 150 million lawsuit against the man accused of killing Minaj’s father in an accident last month, said a lawyer from Maraj.

Charles Polevich, 70, is accused of beating Robert Maraj, 64, on Long Island on February 12 and then driving off without calling 911. Maraj died in a hospital the next day.

Polevich was arrested on February 17th on charges of leaving the scene of an incident and tampering with physical evidence. He pleaded not guilty and was released on bail and ordered not to leave New York State.

Newsday Reports Carol Maraj’s lawsuit, filed earlier this month with the Nassau State Supreme Court, alleges Polevich was negligent, reckless and negligent when he hit Maraj in his car and allegedly left him at the scene.

“Not only was he irresponsible and negligent, but he was more concerned about running away and hiding than seeking help,” said Benjamin Crump, one of the lawyers who represented Carol Maraj, all in one Instagram Post Friday.

Guidelines on state use of stimulus cash prompts GOP complaints, lawsuit – WISH-TV | Indianapolis Information | Indiana Climate

(CNN) – Republican officials are in the arms over one of the conditions tied to the $ 350 billion state and local aid included in the Democrats’ massive aid package passed last week.

The restriction, added by the Senate Democrats, prompted the Ohio Attorney General to file a lawsuit Wednesday and his GOP colleagues to write an angry letter to Treasury Secretary Janet Yellen.

There is a $ 1.9 trillion provision in the stimulus bill that could limit states’ ability to cut taxes. It is said that governments cannot use the funds “either directly or indirectly” to offset a decrease in net tax revenue resulting from changes such as tax cuts, discounts, deductions, credits or delays in tax increases or the introduction of a tax.

The rule can apply until 2024. This is the deadline by which states can obtain their aid.

The Treasury Department said Thursday that the aid is not intended for tax cuts, but that states are free to use other means to lower taxes.

Funding from state and local governments was one of the most controversial measures in the congressional aid agreements. Many states and communities suffered a decline in tax revenues due to the pandemic – although for some the declines were not as large as originally feared.

Democrats attempted to top up the $ 150 billion pot envisaged in the stimulus agreement passed a year ago, but Republicans successfully blocked it while controlling the Senate in 2020.

President Joe Biden’s package, which didn’t get GOP votes, sends more support, but it also includes the tax cut provision and one that bans states from pouring the money into their pension funds, which Republican lawmakers backed.

Entitlement to an unconstitutional tax mandate

Ohio Attorney General Dave Yost filed an injunction with the US District Court in South Ohio to prevent the enforcement of what he called the “tax mandate”. He said it was unconstitutional and exceeded the powers of Congress.

The state that expects to receive Aid of around $ 5.5 billionsuffered a loss of $ 1.1 billion in tax revenue for fiscal 2020 the movement.

“The tax mandate thus gives states a choice: they can either dispose of the urgently needed federal funds or their sovereign authority to determine state tax policy. But they can’t have both, ”the application says. “In our current economic crisis, that’s not an option at all. It’s a metaphorical “gun to the head”. “

Meanwhile, a coalition of 21 Republican attorneys general – led by Georgia, Arizona and West Virginia – wrote to Treasury Secretary Janet Yellen on Tuesday expressing concerns about the provision, particularly the ban on “indirectly offsetting” tax cuts and the list of prohibited measures.

The letter contained a number of tax measures that states are currently considering that officials fear may violate the relief law. These include increasing the standard deduction in Georgia, introducing tax credits in Indiana, and lowering income taxes in Montana.

The attorney general asked Yellen to confirm that the aid package will at most prevent states from expressly using the funds for direct tax cuts rather than for the purposes listed.

What states can do, according to the Treasury

The Treasury Department said the law does not prevent states from lowering taxes or from having to repay their aid if they do.

“In other words, states are free to make policy decisions to cut taxes – they simply cannot use the pandemic aid money to pay for those tax cuts,” an agency spokesman said.

Still, the Biden administration made it clear earlier this week that the aid is intended to deter states from laying off more workers – especially key workers. State and local governments have shed nearly 1.4 million jobs in the past 12 months.

“The original purpose of the state and local funding was to keep and employ police officers, firefighters and other key employees in the workplace, and it was not intended to cut taxes,” White House press secretary Jen Psaki said in a Press conference on Monday.

Yost was not satisfied with the Treasury Department’s answer.

“It’s like saying,” But you can keep your wallet, the choice is yours, “right after the robber said” your wallet or your life, “” the attorney general said Thursday.