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13 May 2009, 1:31 am
Even as the economy shrank, Washington's top-grossing law firms managed to make more money in 2008 than they did the year before. [read post]
12 May 2009, 3:43 pm
The incumbent directors agreed to do this as part of a partial settlement of this litigation, but the Note Trustee believes that the board should be precluded from granting such approval. [read post]
11 May 2009, 12:42 pm
EVALUATING WHEN FEES VIOLATE THE INVESTMENT COMPANY ACT Section 36(b) of the Investment Company Act Section 36(b) of the Investment Company Act governs the compensation or payments made to investment advisers of registered investment companies and imposes a fiduciary duty on those advisers in connection with their receipt of fees from the funds they manage. 15 U.S.C. [read post]
8 May 2009, 5:00 am
Black serves as a director to The Hearst Corporation, The Coca-Cola Company, the Advertising Council, she is a member of the Council on Foreign Relations, and is a trustee of the University of Notre Dame. [read post]
7 May 2009, 1:31 am
COURT OF APPEALS, SECOND CIRCUITBankruptcyPre-Petition Order Appointed Receiver, Manager; No Management Vacancy for Trustee to Fill In Re: Bayou Group LLC NEW YORK COUNTYCriminal Practice Court Dismisses Charges Against Cab Driver In Their Entirety For Facial Insufficiency People v. [read post]
6 May 2009, 1:07 pm
The SEC alleges that the Reserve Management Company (RMCI), its Chairman Bruce Bent Sr., its Vice Chairman and President Bruce Bent II, and Resrv Partners, Inc., failed to provide key material information to investors, the fund's board of trustees, and rating agencies as Lehman Brothers filed for bankruptcy protection on September 15. [read post]
6 May 2009, 5:49 am
About 90% of the fund’s assets have been returned, but its management has held back about $3.5 billion pending resolution of about 29 civil lawsuits filed by investors. [read post]
5 May 2009, 2:30 am
  According to the Seventh Circuit, mutual funds are more complicated and often require more work from advisors than simply managing the investments of institutional investors.Plaintiffs (petitioners) have until June 10, 2009 to file their brief with the Supreme Court. [read post]
30 Apr 2009, 8:31 pm
Official Comm. of Unsecured Creditors, 478 F.3d 452 (2007), where the Court wrote: The trustee is prohibited from such use, sale or lease if it would amount to a "sub rosa" plan of reorganization. [read post]
28 Apr 2009, 6:00 am
  Indeed, as the NYTimes reports, meetings between the Trustees and management are taking place. [read post]
24 Apr 2009, 2:59 am
The Trustee argued the company's petition to pay nearly $500,000 to a departed CEO and COO fell within the ambit of (c)(1). [read post]
23 Apr 2009, 8:25 pm
Banking institutions and investment companies all have their own rules and regulations for access. [read post]
22 Apr 2009, 8:00 pm
As trustees of corporate assets, are managers not exceeding their brief when they divert resources in this fashion and pursue personal passions with corporate resources? [read post]
22 Apr 2009, 6:53 pm
The trustees are also expected to announce on Monday that they have begun operating as Brando Enterprises, a business partnership designed to protect and manage the Brando brand, and have hired a Los Angeles licensing agency, Brand Sense Partners, to help them. [read post]
21 Apr 2009, 8:03 am
He represents debtors, creditors' committees, individual creditors, trustees and acquirers of assets of troubled companies in formal bankruptcy proceedings. [read post]
15 Apr 2009, 10:32 pm
An excellent article from Legal Times, “Dead Companies Can Tell Tales,” examines how the attorney-client privilege in a corporate context survives the bankruptcy or receivership of the corporation. [read post]