Archive for 2014

December 31, 2014 American Apparel delaying payments to suppliers By James Covert American Apparel is having trouble paying its bills on time. The tattered retail chain has been delaying payments to key suppliers by as much as 60 days as it scrambles to avoid a cash crunch following a lackluster holiday season, sources told The […]

December 10, 2014 Madoff Lieutenants Get Lenient Terms as Ex-Boss Blamed By Erik Larson Three of five former Bernard Madoff workers convicted of aiding his $17.5 billion fraud have escaped with sentences much lighter than prosecutors sought, as a judge placed most of the blame for the scheme on its mastermind. The prison terms meted […]

December 8, 2014 Delia’s, a 1990s teen fashion icon, liquidates stores as stock falls to one penny By Heidi Moore The teen retailer Delia’s, a beloved purveyor of flowered dresses and chunky shoes for young women in the 1990s, is seeking Chapter 11 bankruptcy protection and plans to sell all its merchandise and shut down. […]

December 8, 2014 Former Madoff director sentenced to 10 years in prison in Ponzi scheme By John Riley Bernard Madoff’s former director of operations was sentenced at federal court in Manhattan to 10 years in prison for conspiracy and fraud on Monday, less than half of the prison term the government wanted. U.S. District Judge […]

December 7, 2014 Passage of time makes proving Cosby claims tough By Anthony McCartney LOS ANGELES — Any case against Bill Cosby — who in recent weeks has seen a flurry of decades-old sexual assault allegations, a lawsuit and a police investigation into a molestation claim — would rely on conflicting testimony, and possibly jurors’ […]