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13 Jul 2015, 7:00 am by Stephanie Leutert
It’s a beautiful day in Ukraine, not a cloud in the sky, and the atmosphere outside Mezhyhirya feels like it could be straight out of New York’s Central Park in the summer. [read post]
In the fall of 2008, Treasury Secretary Henry Paulson and New York Federal Reserve President Timothy Geithner demanded the permanent surrender of nearly an 80% stake in AIG as “security” for a usurious loan. [read post]
13 Jul 2015, 2:34 am by Alexandra Allan
In two recent decisions, the Federal District Court in New York (New York Court) and the High Court of Singapore (“Singapore Court”) reached opposing conclusions on whether interpleader proceedings relating to: (i) contractual (or ‘in personam’) claims; and (ii) maritime lien (or ‘in rem’) claims that were asserted against the vessels that had received the fuel, could be brought in those courts. [read post]
13 Jul 2015, 2:34 am by Alexandra Allan
In two recent decisions, the Federal District Court in New York (New York Court) and the High Court of Singapore (“Singapore Court”) reached opposing conclusions on whether interpleader proceedings relating to: (i) contractual (or ‘in personam’) claims; and (ii) maritime lien (or ‘in rem’) claims that were asserted against the vessels that had received the fuel, could be brought in those courts. [read post]
12 Jul 2015, 8:17 am by Jules M. Haas
Estate Administration in New York involves the collection and distribution of the decedent’s assets. [read post]
10 Jul 2015, 2:28 pm by Andrew Babb
Red Bank, New York — A man was sent to a hospital yesterday morning (Thursday, July 9, 2015) after a taxicab accidentally crashed into him in Red Bank as he was crossing the street. [read post]
9 Jul 2015, 1:51 pm by Andrew Babb
No names were released, but the critically injured pedestrian is a 34-year old New York man. [read post]
9 Jul 2015, 10:57 am by Tom Smith
Increasingly concerned that greater economic trouble lies ahead of them, and limited in how much cash they can take out of banks, Greeks have been using their debit cards to buy ovens, refrigerators, dishwashers — anything tangible that can hold its value in troubled times. [read post]
9 Jul 2015, 6:23 am by Suzanne Maloney
That agreement's relatively limited sanctions relief helped boost oil exports and some other sectors, but failed to generate substantial new investment or erode the broader sanctions regime. [read post]
8 Jul 2015, 2:29 pm by David Cosgrove
He’s accused of convincing four investors that they were investing in his businesses through the use of fraudulent documentation, and then spending the funds on personal expenses, including payments to a golf, hunting and fishing club, and $23,000 to a boarding school in New Hampshire.Late that month, the SEC filed fraud charges against an investment adviser and her New York-based firms accusing them of hiding the poor performance of loan assets in three… [read post]
7 Jul 2015, 1:44 pm by Kendal Sanders
Studies by the Federal Reserve Bank of New York have shown that people in debt who file for bankruptcy do better financially than those who do not. [read post]
7 Jul 2015, 9:19 am
In June, the New York Attorney General announced a widespread settlement with Aspen Dental Management, Inc. [read post]
7 Jul 2015, 8:49 am by Patrick Non-White
He has no business enforcing the law, much less making up new law of his own goonish devising. [read post]
6 Jul 2015, 5:08 pm by Kevin LaCroix
Walmex’s American Depositary Receipts trade on the New York Stock Exchange. [read post]
6 Jul 2015, 4:25 pm by Sabrina I. Pacifici
Twelve firms were required to submit plans on July 1: Bank of America Corporation, Bank of New York Mellon Corporation, Barclays PLC, Citigroup Inc., Credit Suisse Group AG, Deutsche Bank AG, Goldman Sachs Group, JPMorgan Chase & Co., Morgan Stanley, State Street Corporation, UBS AG, and Wells Fargo & Company. [read post]
6 Jul 2015, 12:49 pm by Paul Rugani
Bank, in its capacity as Trustee for the LXS 2007-7N Trust, filed a summons with notice in New York Supreme Court against Countrywide Home Loans (“CHL”), Countrywide Home Loans Servicing LP (“Countrywide Servicing”), and others, seeking to recover $178 million in losses over alleged breaches of representations and warranties made about the sold to the Trust. [read post]