Another part of big four consulting firm PwC could soon have a new home.

Street Talk understands that the insolvency arm of PwC’s deals practice, known as Business Restructuring Services, is on the cusp of being sold to public relations and advisory company Teneo in a deal brokered by the big four firm’s veteran dealmaker Rob Silverwood.

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Photo byelijah.lovkoff | mbbirdy (Getty Images)

According to news reports, a major cruise line is facing a potential class-action lawsuit over allegations of predatory gambling practices.

An Australian law firm is investigating a potential class-action lawsuit against P&O Cruises Australia, alleging that the cruise line engaged in gambling practices that targeted vulnerable passengers.

The firm, Carter Capner Law, has been hearing stories from cruise passengers who claim they were exploited by P&O’s casino operations.

These allegations include being offered excessive credit limits, pressured to gamble beyond their means, and detained on the ship until debts were settled.

One particularly tragic case involves Shane Dixon, a 45-year-old father…

Australia’s Star Entertainment Group Limited said Tuesday that it has satisfied the conditions precedent to draw down the first AU$100 million tranche of a recently announced debt facility, with the funds expected to be received by next Monday 9 December.

The facility, which may include a second AU$100 million tranche pending Star satisfying additional conditions, is aimed at giving Star much needed liquidity and ultimately buying Star and its recently appointed CEO Steve McCann time to restructure the business amid concerns the company is sitting on the edge of collapse following a second finding of unsuitability in NSW and a cost blowout…

The new Company Law, effective from 1 July 2024, has significantly impacted commercial entities, with shareholder responsibilities regarding capital contributions capturing the most attention. This article examines the duties of shareholders in companies that have entered bankruptcy liquidation or reorganisation under the new law, clarifying the boundaries of their responsibilities.

Capital contribution responsibilities

Accelerating shareholders’ capital contribution benefiting all creditors. Article 35 of the Enterprise Bankruptcy Law stipulates scenarios where shareholder’s capital contributions may be accelerated in the context…

CENTRE COUNTY, Pa. (WTAJ) — The treasurer of a local township was accused of taking more than $530,000 in funding to pay off credit cards she used for online gambling over her tenure.

Pamela Hackenburg, 55, of Millmont, was charged with theft, identity theft and receiving stolen property after an investigation was opened in May 2024 where she was subsequently fired from her position.

According to the criminal complaint, officials with Gregg Township were alerted of possible fraud when one of the three with access to a township credit card received a rare statement — something he told police he never really gets or sees — and saw numerous DraftKing charges. After going to the bank, similar charges were found dating back to January…

MILWAUKEE (Dec. 2, 2024) – The Milwaukee Bucks have teamed up with Verizon to support Verizon’s veteran debt relief program, “Vebt,” which erases $1 million in debt for local veterans in partnership with ForgiveCo.

“Supporting our country’s veterans is at the core of Verizon’s mission,” said Andy Brady, Verizon Great Lakes Market President. “The Bucks have deep roots in the Milwaukee community and this partnership amplifies our shared commitment to giving back to those who have sacrificed.”

During the month of December, Verizon will donate $250,000 per week to alleviate veteran debt. The Bucks will provide updates on the program throughout the month via the team’s social media accounts.

Verizon will…