Caesars Casino Must Return $1.5M Wagered By Ponzi Schemer

By Chelsea Naso Law360, New York (February 04, 2014, 6:45 PM ET) — A Caesars Entertainment Corp. casino must surrender $1.48 million to a bankruptcy trustee representing a now-defunct mortgage company, after a Nevada federal jury ruled Monday that the gambling money collected by the Rio Casino was raised through a $32 million Ponzi scheme. …


Innovative Solutions… Consumed in Litigation: EMAK Worldwide Emerges from Bankruptcy With Brincko’s Help

In today’s environment, restructuring assignments are challenging enough, but having to rescue a company embroiled in more than a dozen major lawsuits compounded the job for John Brincko, President of the Sitrick Brincko Group in Los Angeles. The rescuee was EMAK Worldwide, Inc., a major advertising/marketing company, with a roster of clients that includes Disney, …


Spansion Emerges from Chapter 11

On May 10, Spansion Inc. ( successfully emerged from Chapter 11 after 14 months operating under Court supervision. John Brincko and Thora Thoroddsen were engaged as CRO and interim CFO respectively to analyze its financial operations, recommend fixes for the company’s significant losses, evaluate the management team and manage restructuring activities. Prior to filing Chapter …