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The internal “corporate governance” staff typically is entirely separate from the portfolio managers and reports either to the general counsel or senior compliance officer of the investment manager, not to the investing function. [read post]
16 Mar 2010, 7:34 pm
”[11]  This is measured generally by comparing the hospitals total operating revenue against its total operating expense.[12]  A healthy operating margin for a hospital is 3 to 5 percent.[13] A negative operating margin means that the hospitals operating revenue is less than the operating expenses.[14]  A recent study of hospitals in 28 states indicates that more than half of them reported negative operating margins.[15]  This indicates that the declining economy… [read post]
9 Mar 2010, 12:20 am
Gropper granted the committee's request to convert the reorganization to a Chapter 7, and told the feuding parties he would appoint an independent trustee to oversee the liquidation. [read post]
Flynn stated the matter clearly in his book Corporate Democracy: Our corporate statutes assume that shareholders own the corporation, that the rights and powers of shareholders flow from their providing ”risk capital,” that directors shall manage the business, and that officers are agents of the corporation under the direction and control of the board, with a duty to manage the corporation for the benefit of all the shareholders. [read post]
26 Feb 2010, 3:45 pm
While there are extremely limited exceptions to both courses in certain situations such as exigent circumstances or the U.S. trustee’s determination that there are insufficient credit counseling agencies available, for the most part all people who intend to file bankruptcy must comply. [read post]
16 Feb 2010, 1:03 am by Kevin LaCroix
In an interesting February 11, 2010 decision (here), Southern District of New York Judge Victor Marrero allowed plaintiffs, whose subprime-related securities class action lawsuit Marrero had previously dismissed, leave to file a second amended complaint against Credit Suisse Global and certain of its directors and officers. [read post]
11 Feb 2010, 7:12 am by velvel
February 11, 2010Dear Colleagues: To prepare for a television show with Erin Arvedlund on the SEC Inspector General’s 457 page Report on the SEC’s malfeasance in the Madoff matter, I have identified what I think the most important excerpts from the Report. [read post]
10 Feb 2010, 6:02 am by Scott Sagaria
If you fail the “abuse under all circumstances” test, the Office of the U.S. [read post]
13 Jan 2010, 10:52 am by Scott Sagaria
Trustee’s Delaware office, would represent the shareholders, potentially allowing them to recoup some of the $7 billion that was lost when Seattle-based Washington Mutual filed Chapter 11 and closed its doors. [read post]
30 Nov 2009, 6:23 am
” [11] As for Medicare, the Medicare Hospital Trust Fund has reported that it will cover only 78% of hospital services. [12]  As a result, hospitals are experiencing higher deficits. [read post]