February 25, 2026
A New York bankruptcy judge approved a secured creditor's disclosure statement instead of the debtor's in the Chapter 11 case of a New Mexico industrial building owner, ruling that the principle of giving primacy to a debtor's plan did not bar his decision because the debtor's proposal is "problematic in multiple serious respects."
December 12, 2025
A New York real estate developer fraudulently obtained $8.5 million worth of COVID-19 pandemic relief loans and spent the money on two seven-bedroom homes in the Hamptons, diamond jewelry and paying off personal and business debts, Massachusetts federal prosecutors said Friday.