Tag:

Insolvency

Retired NY Giant Stars In Auto Business Together Sued Over Missing Vehicles, Sketchy Sales Retired NY Giant Stars In Auto Business Together Sued Over Missing Vehicles, Sketchy Sales
Retired NY Giant Stars In Auto Business Together Sued Over Missing Vehicles, Sketchy Sales A national car dealership group that includes former New York Giants linebackers Jessie Armstead and Antonio Pearce is a "house of cards" that sold more than $10.5 million worth of vehicle without paying the financers and can't account for nearly 100 others, a lawsuit filed by Hyundai and Nissan charges. Armstead, Pearce and retail veteran Michael Saporito own several dealerships in New Jersey, Michigan and Pennsylvania, including Englewood Cliffs Cadillac on Sylvan Avenue. The lawsuit calls the group insolvent and accuses it of defaulting on loan agreements, Automotive News repor…
Nebraska, Kansas Regulators Take Over Wood-Ridge Company's Nursing Homes Nebraska, Kansas Regulators Take Over Wood-Ridge Company's Nursing Homes
Nebraska, Kansas Regulators Take Over Wood-Ridge Company's Nursing Homes State regulators in Nebraska and Kansas have taken over 36 nursing homes after its Wood-Ridge parent company failed to make payroll in those states, according to recent reports. Skyline Health Care, LLC, owned by Joseph Schwartz on Marlboro Road, owns nursing homes in Arkansas, South Dakota, Tennessee, Pennsylvania, Massachusetts, and Florida -- and three in New Jersey. Twenty-one nursing facilities and 10 assisted living facilities were placed by authorities in Nebraska, and 15 skilled-nursing facilities with 845 patients were taken over by courts in Kansas, according to statements issued …