Kevin McCoy and Nathan Bomey USA TODAY Published 5:00 AM EDT Apr 29, 2019 When Payless ShoeSource emerged from bankruptcy protection in August 2017, the national discount footwear company vowed to reinvent itself. But today the retailer and a hedge fund that controls it are locked in a contentious battle over its second turn through bankruptcy. In February, just a year-and-a-half after its first Chapter 11 reorganization case, Payless landed back in bankruptcy court – this time wiping a decades-old retailer off the map in the U.S. and Canada. The turn of events has destined an estimated 16,000 workers for unemployment and disappointed consumers who relied on the chain's 2,500 stores and website for affordable shoes, boots, and sandals. The company intends to keep Payless' overseas operations running. Some of the chain's lenders and creditors claim the collapse may stem in part from self-inflicted … [Read more...] about Payless bankruptcy: Creditors, lenders, question Alden Global Capital
Incorporated under the laws of the state of delaware
James Briggs and Ryan Martin Indianapolis Star Published 10:02 AM EDT Mar 18, 2019 An elderly man in Trenton, Michigan, received a dire letter that warned about the "greatest threats to our public safety in our nation's history." The solution, the letter says, is clear: “Give our law enforcement officers the crime prevention tools they need.” A donation of $10, $15 or $25 would help keep communities like Trenton safe. Donations, however, aren’t directed to the Trenton Police Department — or typically any other police agency, for that matter. Instead, the money makes its way to a new nonprofit based in Indianapolis. At least four police departments in four states have found the letters to be confusing and misleading enough to issue "scam alerts" in their communities. One police chief even reported the operation to a federal postal investigator. “I’m thinking, ‘What the hell is this, using our name and our … [Read more...] about National Police Association says it’s helping police. Chiefs say it’s a scam.