MONTVILLE, CT — A former Hollywood mogul is into the house for over $2.7 million, and the house wants him to pay up.

That’s the gist of a complaint filed by the Mohegan Tribal Gaming Authority in New London Superior Court against Ron Meyer, who helmed Universal Studios for 18 years.

According to the paperwork filed on May 8, Meyer, who lives in Malibu, CA, signed a credit application for $6 million with the plaintiff on or about Aug. 14, 2015, and used the line of credit he obtained to gamble at MTGA’s casino Mohegan Sun in Montville. He then “lost $5,000,000 in a single day,” on Oct. 13, 2017, according to the complaint.

Meyer then signed over checks (known as “markers”) to the casino to cover his debt. When presented for payment in…

Brett McGrath, President of the Law Society of NSW, has renewed calls for a debt relief scheme to incentivise lawyers to practice in rural, regional, and remote (RRR) areas. During a visit to Lismore, which experienced a significant exodus of lawyers following the devastating floods in 2022, McGrath highlighted the urgent need for legal services in these communities.

McGrath said the absence of the district’s lawyers has left the community with a “significant unmet need for legal services, which could be addressed with the right incentive”.

The proposed scheme, recommended by the recent Independent Review of the National Legal Assistance Partnership (NLAP), would forgive tertiary…

A growing number of councils in England have declared bankruptcy since 2018, most recently Nottingham, Woking, Thurrock and Birmingham. With the situation in the devolved nations of the UK looking similarly precarious, the question of quite what has happened to local government finances in the UK is an urgent one.

A council cannot, technically, go bankrupt. But when its expenditure surpasses its income and it no longer has the funds to cover its statutory duties (of which there are over 1,200), let alone the non-statutory services it provides, it issues a section 114 notice. This entails no new spending commitments and developing a new budget within 21 days. The central government will often then appoint external commissioners to…

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In Ireland, Deloitte has approximately 3,000 people providing audit, tax, consulting, and financial advisory services to public and private clients spanning multiple industries. Our people have the leadership capabilities, experience and insight to collaborate…

As Astros fan Saul Malek read the criminal complaint alleging interpreter Ippei Mizuhara stole more than $16 million from Dodgers superstar Shohei Ohtani to pay his gambling debts, Malek was less stunned by the enormity of Mizuhara’s sports betting habit than by how familiar his behavior felt.

Malek, 26, is a recovering gambling addict. The rush he first chased with fantasy sports became problematic in college when he was connected with a bookie. Malek put $10 on the Royals to beat the Blue Jays. The Royals won, 15-5. Easy money. Malek won a $20 bet that weekend, underdog Bears over Steelers in overtime. Soon Malek started betting bigger — $50, then $100 — and losing. The wary voice in his head was drowned out by a more confident…

Anger is growing against failed online retailer Booktopia from authors, publishers and customers, who are being left in limbo as a lengthy administration process to claw back $60 million in debt now plays out.

The Australian company appointed administrators earlier this month, after battling tough times that some in the publishing world say was open industry knowledge for at least a year.

Industry veteran, Jane Curry, is one of the publishers owed money from Booktopia through her independent publishing company, Ventura Press.

“It wasn’t a surprise,” she told ABC News about the administration. 

“We’ve been fearing it and dreading it for most of last year.

“The company had been going on and off stop, which is when they hadn’t paid their…

Crown Group co-founder Paul Sathio, who lost control of the business when it was pushed into liquidation last year after 25 years of operation, finds himself a further $6 million out of pocket after failing to raise enough funds to buy one of his former company’s largest development sites.

Crown Group, founded by Indonesia-born businessmen Iwan Sunito and Mr Sathio, was formerly among the country’s largest private property developers, but a feud between the two founders forced the company into voluntary liquidation last year.

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There was a time when Tracey Randall did not need to advertise when she needed a new lawyer to join her firm.

The business, based in the Northern Rivers region of New South Wales, is down from six solicitors to just two and she cannot find replacements.

“We’ve been trying for 12 months,” Ms Randall said.

“I’ve actually never…

The company writes in a notification to the US Securities and Exchange Commission that Tritium DCFC and three of its Australian subsidiaries are “insolvent or likely to become insolvent”. Although Tritium was founded in Australia and still has its headquarters there, it has been listed on the Nasdaq in the USA since the beginning of 2022 via a SPAC merger – hence the so-called “6K filing” with the US Securities and Exchange Commission (SEC).

After the directors themselves declared their (probable) insolvency, the company appointed three managers from management consultants KPMG as administrators. In addition, Tritium’s lenders have themselves appointed administrators from the law firm McGrathNicol Restructuring. Together,…

DALLAS — Australia’s third-largest airline, Rex (ZL), has entered voluntary administration and canceled flights on several routes.

Australia’s Regional Express, known locally as Rex, has grounded all its Boeing 737 aircraft. The airline has suspended its flights between Australia’s major cities. However, ZL will continue to operate flights to and from regional cities, operated by its smaller Saab 340 turboprop aircraft.

This comes just months after the collapse of Australia’s Bonza. The Low-cost carrier went into administration earlier this year, leaving more than 300 Bonza employees jobless. A statement on Rex’s website says it appointed Ernst and Young as administrators. Trading the airline’s shares on the stock market has…