November 22, 2013 |
Ira Lubert's Valley Forge Casino Resort was fined $200,000 Wednesday by the Pennsylvania Gaming Control Board for violating rules on special offers to attract customers. The fine was the biggest single one yet levied by the board. The hearing in Harrisburg included a testy statement by board chairman William H. Ryan, who accused Valley Forge of intentionally violating regulations to get around the rules governing the type of casino operated by Lubert, a venture capitalist and real-estate investor.
April 7, 2013 |
LAKEWOOD, N.J. - Residents of a homeless encampment in the woods near the Jersey Shore have agreed with government officials on the details of a plan to close down the camp after its 80 or so residents have found homes. Both sides in the seven-year dispute have signed a consent order and submitted it to a judge, who is expected to approve it soon. The parties reached an agreement in principle last month. The consent order spells out how Lakewood's Tent City will close down and was sent to Superior Court Judge Joseph Foster on Thursday.
March 8, 2013 |
Montgomery Chemicals L.L.C. will pay a $36,000 penalty as part of a settlement with the U.S. Environmental Protection Agency for violating methanol emissions rules at its Conshohocken chemical manufacturing facility, the EPA announced Thursday. The company produces methanol, a hazardous air pollutant, during the manufacturing of sodium borohydride, a bleaching agent used by the paper industry. The agency alleges the company violated the Clean Air Act related to methanol emissions, monitoring, recordkeeping and reporting.
June 27, 2012 |
ATLANTIC CITY - Twenty-one workers at the Tropicana Casino & Resort who took part in a traffic-blocking protest outside the casino's main entrance this month will remain suspended for 30 days. The casino could have fired the workers, Tropicana president Tony Rodio said. "It was the leadership of the union that misled the workers into making a bad decision, and it wouldn't have been fair to make them lose their jobs for the mistakes of their union leaders," he said. A Superior Court judge granted the Tropicana a restraining order Monday prohibiting Local 54 of the Unite Here union from conducting similar protests or interfering with the casino's business, Rodio said.
June 14, 2012 |
Philadelphia Orphans' Court Judge John W. Herron said at hearing Tuesday that he would sign a consent order allowing the Temple University Health System to complete its previously announced purchase of the nonprofit Fox Chase Cancer Center. The judge's responsibility was to ensure that none of Fox Chase's $40.9 million in restricted charitable assets would be diverted in the deal, which is expected to close July 1. The next step for Temple is the sale of $318.2 million in bonds, of which $83.88 million will be paid to Fox Chase's bank lenders to settle all outstanding financial obligations of Fox Chase.
September 8, 2011
Stonebridge Financial Corp., the parent of Stonebridge Bank in Exton, entered a restrictive agreement with the Federal Reserve Bank of Philadelphia designed to conserve financial resources for the bank, which has lost $10.8 million over the last four quarters and has seen its equity decline by $18 million, or 46 percent, in that period. The agreement, dated Sept. 1 but released Thursday, prohibits privately held Stonebridge Financial from paying dividends or redeeming stock or debt without permission from the Fed, which regulates bank holding companies.
September 17, 2010 |
Malvern Preparatory School agreed to return $700,000 received from convicted Ponzi schemer Joseph S. Forte, according to a consent order signed Thursday by Judge Paul S. Diamond of the U.S. District Court in Philadelphia. The settlement ends a heated legal fight between the private Main Line school and the court-appointed receiver who is trying to recoup money for investors who lost $35 million in the fraud by Forte, who is serving a 15-year prison term. The receiver, Marion A. Hecht, had first demanded that Malvern Prep return $900,000 allegedly donated by Forte, a former trustee and volunteer strength coach at the school who pledged $1 million for a strength-and-conditioning center.
July 8, 2010 |
Donald D. Kennedy Jr., 79, a former executive with National Liberty Corp., the Valley Forge insurance firm, died of esophageal cancer Saturday, July 3, at his home in Radnor. Born in Philadelphia, Mr. Kennedy graduated from Pomfret (Conn.) School in 1949 and earned a bachelor's degree in sociology at Princeton University in 1953. After serving as a Marine officer for two years, Mr. Kennedy spent summers as director of Camp Kieve, founded by his family, in Nobleboro, Maine, before graduating from the University of Pennsylvania Law School in 1960.
April 25, 2007 |
A Maryland health-insurance firm run by Tom Knox was fined $125,000 by state regulators in 2004 for hiring a convicted embezzler, in violation of federal rules - and for keeping him on the payroll after promising to remove him. Knox, a Philadelphia mayoral candidate who has pledged to end corruption and cronyism at City Hall, hired the felon in 2000 as a compliance officer for Fidelity Insurance, which Knox had bought the previous year. As compliance officer, David S. Fishbone was responsible for making sure Fidelity acted within the law. Fishbone had been sentenced to four years in federal prison in 1995 after pleading guilty to looting six estates of more than $1 million when he was a bankruptcy lawyer in Philadelphia.