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3 Oct 2008, 6:33 pm
" • Several money market funds sponsored by the Reserve Fund Management Company "broke the buck. [read post]
30 Sep 2008, 8:04 pm
(4) If there are any changes in the bond coverage or the companies providing the coverage, the managing agent discloses that fact to the board of directors of each affected association as soon as practical, but in no event more than 10 days after the change [read post]
29 Sep 2008, 12:00 pm
  The common law underpinning of a derivative action is that a faithless trustee refused to bring the action on behalf of the business entity his or herself. [read post]
26 Sep 2008, 2:37 pm
Gregory Jordan, Chairman of our College's Board of Trustees, is Global Managing Partner for Reed Smith, LLP, one of the largest law firms on the planet. [read post]
23 Sep 2008, 9:54 am
Such suits, where trustees stand in the shoes of failed companies, have become a growing worry for law firms in recent years as trustees have grown more aggressive in pursuing claims.Though such suits against professionals are frequently barred on the grounds that company management is also to blame, Forlenza said many courts are following a trend of separating the interests of executives and companies.A large government role may not be all bad news for… [read post]
22 Sep 2008, 11:11 pm
Trustee - An individual or trust company that holds legal title to property for the benefit of another and acts according to the terms of the trust. [read post]
18 Sep 2008, 10:25 pm
., corporation, limited liability company [LLC]); or create a trust, for example, and have the Trustee hold property for the Trust. [read post]
17 Sep 2008, 3:09 pm
Clients holding such assets tend not to want a trust company to manage them, said Mr. [read post]
17 Sep 2008, 12:28 am
The Board of Trustees of The Reserve Primary Fund issued a news release today (September 16, 2008). [read post]
16 Sep 2008, 1:56 pm
  Here's the voluntary petition, showing the top thirty unsecured creditors at the holding company level range from an aggregate $155 billion in bond debt to about $3 billion in aggregate bank debt. [read post]
15 Sep 2008, 1:16 pm by Joe
Companies must qualify to be classified as a REIT. [read post]
6 Sep 2008, 4:00 am
The trust office shall keep a client acceptance file for every object company, for every sale of a legal entity, and for each trust for which the trust office acts as trustee. [read post]
2 Sep 2008, 10:34 am
-Collective claims should be subject to an enhanced form of case management by specialist judges. [read post]
25 Aug 2008, 3:54 pm
  “We have acted as financial advisor to the Company in connection with this transaction.... [read post]
19 Aug 2008, 4:00 am
If the bankruptcy trustee proves that improper management (during the three years prior to the commencement of bankruptcy) was a major cause of the bankruptcy of the company, the managing directors (and in addition the policy makers) can be held jointly and severally liable for the total remaining debt, i.e. the debt after the liquidation of all other assets. [read post]
16 Aug 2008, 9:33 pm
In addition, some participants noted that the proposed monitoring group does not include a regulator directly involved with small and medium-sized companies, for which the IASB is developing a separate IFRS.Also, many participants in the roundtable said that it must be made crystal clear that the oversight trustees are responsible for the governance of the IASB. [read post]
6 Aug 2008, 4:51 pm
The second party is the trustee who takes legal title to the property and manages it pursuant to a contract between the settlor/grantor and the trustee. [read post]
6 Aug 2008, 4:51 pm
The second party is the trustee who takes legal title to the property and manages it pursuant to a contract between the settlor/grantor and the trustee. [read post]