Owners for Revel AC In (with its Company, "Revel"), located on the Boardwalk in Atlantic City, New Jersey, announced its "restructuring" plan to help reduce its debt load by over $1 billion through an exchange of debt for equity. Its plans is to recapitalize through a consensual prepackaged Chapter 11 reorganization.
Two women, mother and daughter, Gloria Walker, 51, and Krystie Tanner, 27, were sentenced to prison on Tuesday after being convicting them of kidnapping a Houston boy when he was 8 months old, hiding him for eight years before he was found.
Jodi Arias, the woman accused of the brutal stabbing, shooting and killing of her ex-boyfriend Travis Alexander, resumed on Tuesday after a 5-day absence. On Wednesday, for the first time, she began describing the day she killed him, claiming it was out of self-defense.
A federal jury awarded crime writer Patricia Cornwell approximately $50.9 million in her lawsuit against her former financial management company, and a former principal in the firm.
