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22 Mar 2010, 1:22 pm
In addition, trustees manage these funds for a particularly sensitive and emotional event. [read post]
22 Mar 2010, 9:33 am
Let’s say that you’ve named a bank or trust company to manage your investment assets. [read post]
21 Mar 2010, 3:50 am
There was an agreement between the 1st petitioner and the 2nd respondent that the former would continue as the Chairman of the company and the later as the Managing Director of the company and that the profits of the company would be divided equally among the shareholders in the proportion of the amount invested by both the groups with 24% interest on the loans. [read post]
20 Mar 2010, 7:31 am
(2)The general superintendence, direction and management of the affair of the Board shall vest in a Board of members, which may exercise all powers and do all acts and things which may be exercised or done by the Board [read post]
19 Mar 2010, 3:02 am
In a February 22, 2010 opinion (here), Southern District of New York Judge Richard Holwell granted with prejudice the motion of defendants to dismiss the subprime-related securities class action lawsuit that had been filed against State Street Corporation, its management arm, and two executives and eight trustees of the management arm and one of the funds it managed, the Yield Plus Fund. [read post]
17 Mar 2010, 10:00 am
As long as the assets are managed properly and your clients’ trust bank is FDIC-insured…it won’t matter whether it fails or not. [read post]
16 Mar 2010, 7:34 pm
There are several sources of revenue for hospitals which include but are not limited to revenue for providing medical services, revenue for providing nonmedical services, investments, and donations and grants from individuals, foundations, and the government.[4] Operating revenue, or income earned by delivering patient services, is the primary way that hospitals generate revenue.[5] Hospitals rely directly on the patient or third party payers for reimbursement for their… [read post]
16 Mar 2010, 6:04 pm
" Management of US Fidelis improperly diverted "funds from Debtor to the owner-directors and their personal debts. [read post]
16 Mar 2010, 3:18 pm
On April 24, 2009, Bloomberg.com reported, “Yeshiva University’s trustees approved new conflict of interest measures after the school lost millions of dollars in the fraud involving Bernard Madoff, a former trustee. [read post]
16 Mar 2010, 6:08 am
Serving as a general partner, managing member, or trustee of a fund; note that merely serving as investment adviser to a fund, as long as the fund has independent management, does not appear to constitute “sponsoring” a fund Selecting or controlling (or having employees, officers, directors or agents who constitute) a majority of the directors, trustees or management of a fund; or Sharing the same name (or a variant) as a fund. [read post]
15 Mar 2010, 8:31 am
Parroting the Trustee and SIPC, Lifland did the same. [read post]
12 Mar 2010, 2:34 am
By way of comparison, after the New Century Financial bankruptcy examiner issued a report issued a report critical of company officials and the company’s auditor (about which refer here), the bankruptcy trustee filed a lawsuit (refer here) seeking to hold New Century’s auditors liable. [read post]
11 Mar 2010, 8:42 pm
Liquidating Trust, filed a motion with the bankruptcy court earlier today seeking the ability to serve document requests on Cerberus Capital Management, L.P. and asking the court to require Cerberus to produce discovery at the offices of counsel for the liquidating trustee, Bingham McCutchen LLP. [read post]
9 Mar 2010, 5:22 pm
The Trustees can operate the pool or they can select a management team to oversee the management duties of the pool. [read post]
8 Mar 2010, 9:31 am
They are responsible for electing directors and monitoring management as well as valuing companies through trades in a vigorous market. [read post]
6 Mar 2010, 11:50 am
However, as to payments made under qualified financial contracts, the general avoidance powers do not apply, and the FDIC, as receiver, is prohibited from recovering such payments unless they were made with actual intent to hinder, delay, or defraud the company, its creditors, or any receiver appointed for such company. [read post]
6 Mar 2010, 3:29 am
Recently, the March/April issue of the German law journal “Praxis des Internationalen Privat- und Verfahrensrechts” (IPRax) was published. [read post]
5 Mar 2010, 8:45 pm
Sincerely, Clay Holland Operations Manager 713Training.com info@713training.com 1-800-535-9984 Join our LinkedIn group: www.linkedin.com/companies/713training.com-llc DISCLAIMER: We at 713Training are not attorneys; any information provided by 713 Training should not be considered legal advice. [read post]
4 Mar 2010, 10:36 am
The draft would also prohibit banks and bank holding companies from engaging in proprietary trading.The draft defines sponsoring a hedge fund to mean serving as a general partner, managing member, or trustee of a fund or selecting or controlling a majority of the directors, trustees or management of a fund or sharing with a fund, for corporate, marketing, promotional, or other purposes, the same name or a variation of the same name.Proprietary trading is… [read post]
4 Mar 2010, 6:09 am
Exactly what Berle and Means had discovered a quarter century earlier: A virtually omnipotent management and an impotent shareholdership. [read post]
