• The week in reviews: Sam Sifton of the Times gives Danny Meyer's Maialino two stars; Steve Cuozzo of the Post heads to Maialino, too, giving it three stars; Gael Greene also covers Mayer's latest creation; Time Out's Jay Cheshes hits the Breslin; Alan Richman of GQ shares his passion for César Ramirez's work at…
• Olana on lower Madison Avenue is the latest restaurant to go bust. [Crain's]
• The UES fixture Gino's is still open, it may not be for much longer. [NYT]
• Café Habana's lawyer fired back today at the four ex-employees suing the restaurant. But now two other former servers are voicing similar complaints.
• Your…
Bookie Goes Bust
Off-Track Betting, the quasi-public agency that has provided so much joy to this city's population of gambling-addicted, alcoholic miscreants—and turned more than a few neighborhoods into cesspools in the process—has filed for bankruptcy protection and now plans to scale back operations. [NYT]
Trump's Ego Sustains Further Damage
Donald Trump and daughter Ivanka have given up on their bid to regain control of Trump Entertainment Resorts, the bankrupt company that controls the three crumbling Atlantic City casinos that bear the Trump name. In other not-so-encouraging news for the family, it's now considered "likely" that lenders will soon…
The Fall of Kent Swig
Is real estate mogul Kent Swig headed down the same path as Hassan Nemazee, the banker who stands accused of providing banks with false information to obtain nearly $300 million in loans? The Real Deal reported on Monday that Swig, who is facing a series of lawsuits over several real estate deals that have gone…
An Ominous Sign For the Weinsteins
Reader's Digest reported yesterday that it plans to file for Chapter 11 bankruptcy protection any day now. The firm that Reader's Digest retained back in June to try and restructure the company's debt so it could prevent a bankruptcy filing? Miller Buckfire, the same financial advisory firm now counseling Harvey and …
Lenny Goes Bust
Lenny Dykstra, the former member of the New York Mets who tried to pass himself off as all-knowing financial guru, real estate investor, and magazine entrepreneur in recent years, filed for bankruptcy protection today. [Reuters]
Pink Elephant Responds
The folks at Guest of a Guest forwarded us a statement from Pink Elephant regarding the bankruptcy filing we reported on earlier. They'd like to make it clear that it's just the Southampton outpost of Pink Elephant that filed Chapter 11. Since it's a franchise operation, the club in Manhattan (as well as the one in…
Pink Elephant Southampton Goes Bust
Looks like the party may be ending soon at Southampton's Pink Elephant. David Sarner's nightlife company filed for Chapter 11 bankruptcy protection yesterday, listing more than $2 million in debts, including $776,000 in back taxes. The crisis in clubland continues, clearly. You can peruse the bankruptcy papers—and…
Bauer Goes Bust
Eddie Bauer filed for Chapter 11 bankruptcy protection this afternoon. Not that you've ventured inside an Eddie Bauer store over the past decade or anything. But we thought we'd mention it anyway. Carry on. [CNN]
The Largest Bankruptcies Ever
With so many companies going bust these days—and with so many giant figures bandied about in the media—it's hard maintaining any perspective on what's happening in corporate America, isn't it? Fortunately, the good folks at GOOD magazine created a useful chart using little—or big!—boats in a selection of lovely pastel…
