The couple that ran the defunct Sommet Group were ordered Friday to turn over assets that they’re accused of taking from the company in the days surrounding its July raid by federal authorities.

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The attorney in the Sommet Group bankruptcy case has fired his first shots in an attempt to reclaim money for the defunct company’s creditors.

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The Pennsylvania Harness Racing Commission today granted a petition that gives the developers of the Valley View Downs LP more time to find a buyer.

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David Fulcher, a former president of Presbyterian Homes of Wisconsin, has been named chief executive officer of Milwaukee Catholic Home, an accredited continuing care retirement community for older adults on Milwaukee’s east side.

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After a bid from company insiders fell through, Cincinnati-based Brown Publishing now will likely be sold to a company formed by its lenders.

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The Nashville Predators ownership group no longer includes jailed financier William “Boots” Del Biaggio.

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The unfinished Centerpoint high-rise project in downtown Tempe has been sold to Cleveland-based Zaremba Group.

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The Department of Justice wants Denny Hecker to wait for his October trial in jail, according to a request filed Thursday.

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Video rental giant Blockbuster Inc. has missed a payment to junior bondholders, making it the second time in three months the company has failed to meet a debt obligation.

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Miami-Dade, Broward and Palm Beach counties continued to see upward movement in the number of bankruptcy filings last month.

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