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The New York attorney general's office issued subpoenas on Monday to two banks for records relating to the funding of several Trump Organization projects, 167

The chief financial officer for Bed Bath & Beyond says 40 of the business' stores will close this year, but 15 new ones will open.On the company's earnings call, CFO Robyn D'Elia said they are in need of more favorable lease terms with landlords.The goods retailer is based in New Jersey. In the last quarter of 2018, the company closed 21 stores and opened three, 381

The Boy Scouts of America urged victims to come forward Tuesday as the historic, 110-year-old organization filed for bankruptcy protection in the first step toward creating a huge compensation fund for potentially thousands of men who were molested as youngsters decades ago by scoutmasters or other leaders.The Scouts resorted to Chapter 11 in hopes of surviving a barrage of lawsuits, many of them made possible by recent changes in state laws to allow people to sue over long-ago sexual abuse.Bankruptcy will enable the organization to put those cases on hold for now and continue operating. But ultimately the Boy Scouts could be forced to sell some of their vast property holdings, including campgrounds and hiking trails, to raise money for a victims’ fund that could top billion.The Boy Scouts estimated 1,000 to 5,000 victims will seek compensation.“The BSA encourages victims to come forward to file a claim as the bankruptcy process moves forward,” the organization said in a statement.James Kretschmer of Houston, one of those suing, said he was molested by a Scout leader in the mid-1970s in the Spokane, Washington, area. The bankruptcy, he said, “is a shame because at its core and what it was supposed to be, the Boy Scouts is a beautiful organization.”“But you know, anything can be corrupted,” he added. “And if they’re not going to protect the people that they’ve entrusted with the children, then shut it down and move on.”More than 12,000 boys have been molested by 7,800 abusers since the 1920s, according to Boy Scout files revealed in court papers.Evan Smola said two new victims had already called his law office in Chicago on Tuesday morning, bringing the firm’s total to 319.“The opportunity to tell your story is a cathartic and healing experience,” Smola said. “It’s very painful when they actually do it, but getting it off your chest is a big step.”It will be up to the court to set a deadline for filing claims. The amount of money each victim will receive is likely to depend on what assets are turned over and how many people come forward.The filing in Wilmington, Delaware, sets in motion what could be one of the biggest, most complex bankruptcies ever seen, given the Scouts’ 50-state presence. The organization listed assets of billion to billion and liabilities of 0 million to billion.“We are outraged that there have been times when individuals took advantage of our programs to harm innocent children,” said Roger Mosby, the Boy Scouts’ president and CEO. “While we know nothing can undo the tragic abuse that victims suffered, we believe the Chapter 11 process, with the proposed trust structure, will provide equitable compensation to all victims while maintaining the BSA’s important mission.”The Boy Scouts are the latest major American institution to face a heavy price over sexual abuse. Roman Catholic dioceses across the country and schools such as Penn State and Michigan State have paid out hundreds of millions of dollars in recent years.The bankruptcy represents a painful turn for an organization that has been a pillar of American civic life for generations and a training ground for future leaders. Achieving the rank of Eagle Scout has long been a proud accomplishment that politicians, businessmen, astronauts and others put on their resumes and in their official biographies.“I’m sad for all the victims who were preyed upon by people entrusted with their care. I’m sad that no amount of money will undo their trauma,” said Jackson Cooper, an Eagle Scout who is now a prosecutor in Louisville, Kentucky. “Whatever consequences come for BSA are no concern of mine. I only hope, if they continue to operate, they build robust systems to protect the young people in their care.”The Boy Scouts’ finances have been strained in recent years by declining membership and sex-abuse settlements.The number of youths taking part in scouting has dropped below 2 million, down from a peak of more than 4 million during the 1970s. Its membership rolls took a big hit Jan. 1 when The Church of Jesus Christ of Latter-day Saints cut ties and withdrew more than 400,000 scouts in favor of programs of its own.The financial outlook worsened last year after New York, Arizona, New Jersey and California relaxed their statutes of limitations to make it easier for victims to file claims. Teams of lawyers across the U.S. have been signing up clients by the hundreds to sue the Boy Scouts.Most of the new cases date to the 1960s, ’70s and ’80s, before the Boy Scouts adopted mandatory criminal background checks, abuse-prevention training for all staff and volunteers, and a rule that two or more adult leaders must be present during all activities. Many of the lawsuits accuse the group of negligence and cover-ups.Wayne Perry, a member of the organization’s national board and past president, said Scout families won’t notice any differences as a result of the bankruptcy. He touted the protections now in place for young people.“Today, we are really, really good. Were we always good? No, nobody was good 50 years ago, 40 years ago, 30 years ago,” Perry said.Amid the crush of lawsuits, the Scouts recently mortgaged some of their major properties, including their national headquarters in Irving, Texas, and the 140,000-acre Philmont Ranch in New Mexico.One unanswered question is whether the Boy Scouts’ 261 local councils — and their campgrounds and other assets — will be dragged into the case, even though the Boy Scouts said the councils are legally separate entities and they were not part of the bankruptcy filing.Mike Pfau, a Seattle-based attorney whose firm is representing scores of men nationwide, said the plaintiffs may go after the local councils’ property holdings, too.“We believe the real property held by the local councils may be worth significantly more than the Boy Scouts’ assets,” he said. He said one question will be whether the Boy Scouts transferred property to their local councils to try to put it out of the reach of those suing.Perry said he hopes the court remembers that the Boy Scouts are teaching leadership and life skills to children. “You have to take into account the balancing of the victims, but (also) the fact that the kids today who are joining Scouting had nothing to with those bad behaviors of criminal acts of perpetrators who are long gone,” he said.Plaintiffs’ attorneys trace the Boy Scouts’ fall to 2010, when a jury awarded a former Scout nearly million in a lawsuit in Portland, Oregon. The trial led the Oregon Supreme Court to release 20,000 pages of confidential Boy Scout files on 1,200 people after The Associated Press and other news organizations fought for their disclosure.Until last spring, the organization had insisted it never knowingly allowed a predator to work with youths. But in May, the AP reported that attorneys for abuse victims had identified multiple cases in which known predators were allowed to return to leadership posts. The next day, the Boy Scouts acknowledged the truth.___McCombs reported from Salt Lake City. Associated Press video journalist John Mone also contributed to this story. 7147

The House of Representatives will not get President Donald Trump's financial records for now, the Supreme Court said on Monday.The ruling is a win for Trump, who is fighting on several fronts to shield the records from becoming public.In a brief order, the court granted the President's emergency request to block a subpoena from House Democrats to his long-time accounting firm from moving forward. There were no noted dissents.The justices set up an expedited briefing schedule to hear arguments from both sides on whether the court should agree to hear Trump's appeal this term. The President must file his opening brief on or before December 5.The House has said it could move forward with an impeachment vote by the end of December. 749

The Chicago police union again is calling for a federal investigation into State's Attorney Kim Foxx to determine the extent of her involvement with the Jussie Smollett case.Kevin Graham, president of the Chicago Fraternal Order of Police, said the demand is based on news reports about text messages between Foxx and an attorney about, according to him, "diverting the case from Chicago police department to a federal investigation."Foxx, the state's attorney for Cook County, recused herself from the Smollett investigation in mid-February.Graham, who spoke to reporters after prosecutors announced they were dropping charges against Smollett, said he originally made the request to the US Department of Justice last week. He also has asked federal investigators to look into a letter sent to Smollett days before he alleged he was attacked on a Chicago street."We're doubling down on that. We want to make sure that the Justice Department takes a very hard look with that case and what went on today," he said.Text messages obtained by CNN through an open records request show Smollett family friend Tina Tchen -- a former chief of staff for first lady Michelle Obama and a lawyer -- reached out to Foxx on February 1. Tchen wrote the family had "concerns about the investigation."Foxx emailed Tchen saying in part, "Spoke to Superintendent Johnson. I convinced him to (r)each out to FBI to ask that they take over the investigation. He is reaching out now and will get back to me shortly."Later another person, identified by Foxx's office as a family friend, asked the prosecutor whether they could talk on the phone. She says Tchen gave her Foxx's number.Hours later, Foxx texts the unidentified family friend that she "spoke to the (police) superintendent earlier, he made the ask. Trying to figure out the logistics."The person responds: "Omg this would be a huge victory."The text message exchange went back and forth with Foxx and the family friend until Feb. 13 and these messages are why Foxx recused herself from the investigation, Cook County State Attorney's Office spokeswoman Tandra Simonton said earlier this month.CNN reached out to Foxx on Tuesday but didn't get a response.Efforts to get a comment from the Department of Justice on Tuesday night were also unsuccessful. 2301