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28 Apr 2022, 7:15 am by Zamansky LLC
For most GWG L bond investors, the most advantageous route will be to pursue a claim (or perhaps multiple claims) in FINRA arbitration. [read post]
23 Dec 2011, 8:57 am by Ryan McKeen
Attorney General George Jepsen today announced a $34.25 million multistate settlement with GE Funding Capital Market Services, Inc. [read post]
15 Oct 2013, 2:29 pm by Jay Salamon
This article was originally posted on Stock Market LossThe UBS Puerto Rico family of funds consists of 14 closed-end funds, sold exclusively through registered representatives and brokers with UBS Financial Services Inc. of Puerto Rico. [read post]
2 Jan 2017, 6:15 am by Christopher G. Hill
”  While properly drafted contractual “pay if paid” clauses are enforceable by their terms in Virginia, what has always been less clear is whether a bonding company can take advantage of such a clause when defending a payment bond claim. [read post]
27 Feb 2019, 7:40 am by ccollins
Among the largest holders of the bonds are institutional investors, including the states of Florida and Maryland, the US Federal Reserve, BlackRock Inc., and others. [read post]
17 Oct 2014, 10:12 am by Lax & Neville LLP
The original investment objective was to benefit from the tax advantages that these securities offer, but Puerto Rico’s economic woes have caused the devaluation of municipal bond funds generally. [read post]
11 May 2023, 1:41 pm by Bryan West
Initial Hearing Procedure Master Robertson acting as application judge (Avli BRC Developments Inc. v. [read post]
8 Oct 2013, 11:19 am by Adam Weinstein
  The commonwealth’s bonds are widely held by local mutual funds issued by Puerto Rico’s largest brokerage firms including UBS Puerto Rico, Popular Securities, Inc., and Santander Securities, Corp. [read post]
17 Jun 2016, 2:50 pm by Lawrence B. Ebert
See In re GPAC Inc., 57 F.3d 1573, 1577 (Fed. [read post]
7 Jan 2019, 6:00 am by Christopher G. Hill
This type of pitfall was illustrated in the case of InDyne Inc. v. [read post]
2 Aug 2007, 11:15 pm
As noted earlier here and here, the crunch in the credit markets has Houston-based Landry's Restaurants Inc scrambling to refinance about $400 million in bond debt this week. [read post]
21 Jan 2020, 9:41 am by Joy
… In my view, each advantage that one side can point to is effectively offset by an advantage on the other side. [read post]
3 Feb 2016, 10:42 am by Adam Weinstein
InvestmentNews recently published a list of 10 high yield funds that have a high level of exposure to distressed debt: Federated High Yield Service (FHYTX) Waddell & Reed High-Income A (UNHIX) Osterweis Strategic Income (OSTIX) Fidelity Advisor High Income Advantage A (FAHDX) Ivy High Income C (WRHIX) Third Avenue Focused Credit Instl (TFCIX) Artisan High Income Advisor (APDFX) American Funds American High-Inc A (AHITX) Western Asset Short Duration High Inc B (SHICX)… [read post]
9 Jun 2010, 7:00 am by Lucas A. Ferrara, Esq.
The New York City Industrial Development Agency Board also met and approved a $1 million tax incentive package for Rolling Steel Industries Inc. [read post]