Georgia Gambling Company Lucky Bucks Says Former Workers Ran Criminal Scheme - Bloomberg: The Georgia slot machine operator previously known as Lucky Bucks is suing several former employees for engaging in an alleged conspiracy to defraud the company before it collapsed into bankruptcy.
The Big Real Estate Short Targets Apartments as Distress Emerges - Bloomberg: Soaring rents and cheap funding made blocks of US rental apartments seem like a “can’t miss” investment during the pandemic. Developers piled in to take advantage by constructing millions of the multifamily units, while investors snapped up older complexes to renovate them.
$52M Missing in Commercial Lender’s Involuntary Bankruptcy: Prime Capital Ventures is accused of defrauding several companies out of tens of millions, including two developers.
Radio giant Audacy files for chapter 11 bankruptcy, as ad sales plunge - MarketWatch: Radio and podcast giant Audacy Inc. filed for chapter 11 bankruptcy protection Sunday amid a cratering advertising market.
Radio Broadcaster Audacy Files for Bankruptcy - WSJ: Audacy filed for bankruptcy Sunday, succumbing to a steep decline in radio advertising.
