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10 Jul 2017, 6:52 am by Elizabeth Dalziel
  However, evidence showed that Broidy did in fact charge the clients for his services as trustee. [read post]
28 Jun 2017, 6:58 am by Cathy Moran
Management can liquidate assets as far as feasible, and file bankruptcy thereafter to let the trustee mop up. [read post]
22 Jun 2017, 7:22 am by John Jascob
By Jacquelyn LumbThe Division of Investment Management advised that it would not recommend enforcement action against NWQ Investment Management Company, LLC if it continued to serve as an investment adviser to certain series of two Nuveen Investment Trusts under written sub-advisory agreements that were not approved by a majority of the outstanding voting securities of each series. [read post]
21 Jun 2017, 5:05 pm by Kevin LaCroix
A recent appellate question considered a variation of this question – that is, whether the exclusion precluded coverage for claims brought against company management by the trustee of a liquidation trust as an assignee of the company as debtor in possession. [read post]
21 Jun 2017, 5:05 pm by Kevin LaCroix
A recent appellate question considered a variation of this question – that is, whether the exclusion precluded coverage for claims brought against company management by the trustee of a liquidation trust as an assignee of the company as debtor in possession. [read post]
8 Jun 2017, 5:08 pm by Kevin LaCroix
An unfortunately frequent part of bankruptcy proceedings is the assertion of claims against the directors and officers of the failed company. [read post]
5 Jun 2017, 2:14 pm by Kyle Howard
(“Wells Fargo“) filed four third-party complaints against BlackRock Advisors, LLC, Pacific Investment Management Company, LLC, Teachers Advisors, LLC, TIAA-CREF Investment Management, LLC, and PGIM, Inc. [read post]
28 May 2017, 4:49 am by The Public Employment Law Press
A public officer may be removed from his or her office pursuant to Public Officers Law §36 Abolishing a position in the public service and the Doctrine of Legislative Equivalency Abolition of positions and the assignment of former teaching duties to other teachers Absence of any reference to the benefit claimed in the collective bargaining agreement defeats the employee organization's breach of contract allegation Absence of the individual who rated the employee unsatisfactory from the… [read post]
15 May 2017, 7:41 am by Greg Daugherty
In particular, the DOL alleges that the trustee made the following critical errors: The trustee engaged Willamette Management Advisors (the appraiser) as its independent appraiser and financial advisor, but this independence was compromised because the company previously engaged the appraiser to perform a preliminary valuation of the company as part of an ESOP feasibility study. [read post]
15 May 2017, 7:41 am by Greg Daugherty
In particular, the DOL alleges that the trustee made the following critical errors: The trustee engaged Willamette Management Advisors (the appraiser) as its independent appraiser and financial advisor, but this independence was compromised because the company previously engaged the appraiser to perform a preliminary valuation of the company as part of an ESOP feasibility study. [read post]
11 May 2017, 7:45 am by Elizabeth A. Khalil
This may not be desirable for an investor that prefers a more active management role, but it may be an option for others. [read post]
9 May 2017, 7:19 am by John Elwood
McCormick Foundation, 16-317, which raises (among other issues) the same question as Merit Management Group, LP v. [read post]
28 Apr 2017, 4:53 am by Carl Neff
 Only a member or manager may seek dissolution of a limited liability company under the Delaware LLC Act’s dissolution statute, 6 Del. [read post]
27 Apr 2017, 11:33 am by Kenneth Vercammen Esq. Edison
Clubs and companies are invited to schedule a free seminar. [read post]