logo
Sexton speaks out amid Town of Vestal board member lawsuit

Sexton speaks out amid Town of Vestal board member lawsuit

Yahoo27-03-2025
VESTAL, N.Y. (WIVT/WBGH) – The Town of Vestal supervisor, Maria Sexton, has issued a statement in regards to board member Stephen Donnelly, who is facing multiple claims in U.S. Bankruptcy Court stemming from the implosion of his construction company Atlas James.
Sexton's statement acknowledged the Board's awareness of Donnelly's legal situation and the allegations he is facing.
Vestal Town Board member apologizes for financial harm caused by business failure
The members of the Town Board are aware of the allegations against Councilman Donnelly. The allegations are unproven at present and will be resolved by the Judicial system. The Vestal Town Board does not have any authority under New York State Law to remove elected officials.
We understand the concerns of our residents. Mr. Donnelly was removed from all Town Committees in 2024. Town Council members do not have access to Town funds.'
Maria Sexton
Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Ferrari F40 to Be Auctioned by U.S. Federal Court With $5.5M Buy-It-Now Option
Ferrari F40 to Be Auctioned by U.S. Federal Court With $5.5M Buy-It-Now Option

Yahoo

time07-08-2025

  • Yahoo

Ferrari F40 to Be Auctioned by U.S. Federal Court With $5.5M Buy-It-Now Option

Read the full story on Modern Car Collector One of the world's most coveted supercars—a 1990 Ferrari F40 with just over 7,400 miles—is heading to the auction block in an unusual setting: a U.S. federal court. The sale, overseen by the U.S. Bankruptcy Court for the Central District of California, stems from a corporate bankruptcy case involving Santa Paula Hay & Grain, a ranch supply business. The court-approved auction is scheduled for August 12, with in-person and Zoom bidding permitted—though bidders must be pre-qualified and submit a $500,000 deposit if they win. 10 Surprising Facts About the Ferrari F40 That Even Enthusiasts Might Not Know The F40, painted in classic Rosso Corsa red, is one of only 213 U.S.-spec models ever built. As the final Ferrari personally approved by Enzo Ferrari, the model is regarded as a milestone in automotive history. Powered by a twin-turbocharged 2.9-liter V8, the car produces 478 horsepower and can exceed 200 mph. But what's drawing as much attention as the car itself is the unique sales process. With no auction house involved, the transaction avoids hefty buyer premiums, often 10% or more on multimillion-dollar sales. The court has authorized a 'buy-it-now' price of $5 million, though bidding starts at $2.55 million, submitted by RM Sotheby's as the stalking horse bidder. Court filings show the car will be sold free of liens, with Ferrari Financial Services' outstanding claim of approximately $549,000 to be settled through proceeds. A website dedicated to the sale— key details and documentation. The car has a clean title, low mileage, and is expected to attract global interest from collectors eager for a no-frills, no-fee opportunity to own an automotive legend. 10 Must-Have Tools and Gear for the Modern Car Collector (Amazon Edition) While the setting may lack the glamour of Monterey or Pebble Beach, this court-administered sale offers a rare and potentially lucrative opening for enthusiasts. As one of Ferrari's purest performance machines, the F40's value is undeniable—regardless of whether it's sold under a chandelier or a judge's watchful eye. Follow us on Facebook and Twitter

Bankrupt home goods chain reopens formerly doomed stores
Bankrupt home goods chain reopens formerly doomed stores

Miami Herald

time05-08-2025

  • Miami Herald

Bankrupt home goods chain reopens formerly doomed stores

The home goods sector has suffered through economic havoc over the last two years as major retail chains have collapsed, liquidated, and shut down stores. Bed Bath & Beyond filed for Chapter 11 bankruptcy on April 23, 2023, and liquidated its 360 Bed Bath & Beyond and 120 BuyBuy Baby stores. in June 2023 purchased Bed Bath & Beyond out of bankruptcy, changed the company's name to Beyond Inc. Then, in February 2025, the company Bed Bath & Beyond's former BuyBuy baby brand. Big Lots filed for Chapter 11 protection on Sept. 9, 2024, in the U.S. Bankruptcy Court for the District of Delaware, seeking to sell its assets to stalking-horse bidder Nexus Capital Management for a $760 million bid. However, the deal fell through, and the debtor on Dec. 19, 2024, said it would shut down all 1,392 stores. Related: Iconic retail chain shuts down its remaining stores in bankruptcy Eight days later, Big Lots agreed to a transaction with Gordon Brothers Retail Partners that allowed for the transfer of stores, distribution centers, and intellectual property to other retailers and companies. Under the plan, Variety Wholesalers Inc. would purchase 200 to 400 Big Lots stores and operate them under the Big Lots brand, along with up to two distribution centers. The distress in the home goods sector has continued as At Home filed for bankruptcy protection in June 2025 and said it would close 26 stores. But the company couldn't seem to make up its mind on which stores to close, as it has twice decided to reopen stores it had planned to close. The home goods retailer, for the second time, changed its mind on closing two stores when it filed a notice on Aug. 1 in the U.S. Bankruptcy Court for the District of Delaware removing its Dedham, Mass., and Leesburg, Va., stores from its closing list. At Home filed an earlier notice on July 15 to remove its Princeton, N.J., and Wauwatosa, Wis., stores from the closing list. Dedham, Wis. The debtor did not indicate reasons for cancelling the store-closing sales. The home goods retailer had included the stores on its original list of 26 stores to close, or 10% of its 260 locations in 40 states, during its bankruptcy case. The retailer already closed six stores in the 12 months preceding its bankruptcy filing, according to the debtor's motion to conduct store closing sales. More bankruptcy Major iconic food brand files for Chapter 11 bankruptcyPopular Dairy Queen rival franchisee files Chapter 11 bankruptcyPopular vision care chain files for Chapter 11 bankruptcy The retail chain also added six stores to the closure list on Aug. 1, located in Council Bluffs, Iowa; Lake in the Hills, Ill.; Bloomington, Ind.; Ypsilanti, Mich.; Ocean Township, N.J.; and West Bountiful, Utah, for a new total of 28 stores to be closed. The 28 stores designated for closing in its bankruptcy are located in California (8), Illinois (3), New Jersey, (3), New York (2), Washington (2), Florida (1), Indiana (1), Iowa (1), Massachusetts (1), Michigan (1), Minnesota (1), Montana (1), Pennsylvania (1), Utah (1), Virginia (1). California (8)Illinois (3)New Jersey, (3)New York (2)Washington (2)Florida (1)Indiana (1)Iowa (1)Massachusetts (1)Michigan (1)Minnesota (1)Montana (1)Pennsylvania (1)Utah (1)Virginia (1) The Coppell, Texas-based retail chain filed for Chapter 11 bankruptcy on June 16, with plans to close 26 stores and a restructuring support agreement that would eliminate $1.62 billion in debt and hand ownership to its prepetition lenders. The home decor retailer filed its petition listing $1 billion to $10 billion in assets and liabilities, which include $1.998 billion in noteholder debt, consisting of $1.94 billion in secured note debt and $58 million in senior unsecured notes. Related: Major mattress retailer files Chapter 7 bankruptcy, closes stores At Home faced financial and operational headwinds that included increased freight rates driven by rising inflation, softening demand in the home decor market, and a consumer shift away from brick-and-mortar shopping with an increased focus on online purchases, according to a declaration from Chief Financial Officer Jeremy Aguilar. The company, founded in 1979 as Garden Ridge Pottery, began out-of-court restructuring efforts in early 2025 at a time when tariffs began rising for its many foreign suppliers. After considering strategic alternatives, the company negotiated a restructuring support agreement with its prepetition lenders before filing for bankruptcy and seeking a $600 million debtor-in-possession financing transaction, which includes $200 million in new money. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

Popular rapper files for Chapter 11 bankruptcy protection
Popular rapper files for Chapter 11 bankruptcy protection

Miami Herald

time01-08-2025

  • Miami Herald

Popular rapper files for Chapter 11 bankruptcy protection

Superstar singers are on the top of the world when their records are topping the charts. Artists' careers can come crashing down when their hits stop coming, forcing some stars to file for bankruptcy protection. The list of singers who have filed for bankruptcy over the years looks like it came from an oldies radio station playlist. Rock and roll legend Jerry Lee Lewis, country superstar Willie Nelson, rock icon David Crosby, pop star Cyndi Lauper, and hip-hop star MC Hammer, whose legal name is Stanley Burrell, each filed for bankruptcy at some point in their careers, according to law firm Levitt & Slafkes website. Related: Popular pizza and beer chain files for Chapter 11 bankruptcy Superstar rapper and actor 50 Cent in July 2015 filed for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of Connecticut after losing a $5 million judgment in an invasion of privacy lawsuit, the Florida Times-Union reported at the time. Jerry Lee Hammer.50 Cent. The rapper, whose legal name is Curtis Jackson III, exited bankruptcy in February 2017 after paying off about $23 million in debts, The Guardian reported at the time. And now, popular rapper Phora has filed for Chapter 11 bankruptcy protection to restructure his debts owed to major creditors, including Warner Records. Related: Popular beverage brand files Chapter 11 bankruptcy The rapper, whose legal name is Marco Anthony Archer, filed his Subchapter V petition on behalf of his company Phora LLC in the U.S. Bankruptcy Court for the Central District of California on Aug. 1, listing up to $50,000 in assets and $500,000 to $1 million in liabilities. More Bankruptcy: Major iconic food brand files for Chapter 11 bankruptcyPopular Dairy Queen rival franchisee files Chapter 11 bankruptcyPopular vision care chain files for Chapter 11 bankruptcy The debtor's largest creditors included Oren Lang, owed $400,000 in a contingent, unliquidated, disputed claim; Warner Records, owed $200,000 in a contingent, unliquidated claim; and Nixon Peabody, owed over $77,000, according to the petition. Phora also listed Kobalt Music Publishing as a creditor. Oren Lang, owed $400, Records, owed $200, Peabody, owed over $77,689. The rapper's petition did not indicate a specific reason for filing for bankruptcy. The rapper Phora, 30, began rapping in 2011 and landed his first major recording contract with Warner Records in 2017, releasing his debut album "Yours Truly Forever," which rose to No. 44 on the Billboard 200 album chart in September 2017. Two subsequent Phora albums hit the Billboard 200 chart, "Love Is Hell" at No. 87 in October 2018 and "With Love II" at No. 160 in November 2020. Phora left Warner Records in 2019 to launch his own label, releasing his first independent album on Yours Truly Records, "Bury Me with Dead Roses," according to The rapper is on a 19-show tour that begins in Oklahoma City on Aug. 1 and ends Sept. 28 in Palm Springs, Calif. A show scheduled for Austin, Texas, on July 31 was cancelled. Oklahoma City, Aug. Aug. Calif., Aug. Aug. Aug. Idaho, Aug. Lake City, Aug. N.M., Aug. Calif., Sept. Ariz., Sept. 6Brawley, Calif., Sept. 7Fresno, Calif., Sept. Calif., Sept. Sept. Francisco, Sept. Calif., Sept. Calif., Sept. Diego, Sept. Springs, Calif., Sept. 28. Don't miss the move: Subscribe to TheStreet's free daily newsletter The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store