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United Commercial bank's spectacular rise and fall
Now he's facing mounting legal problems that include Securities and Exchange Commission charges that he lied about the health of United Commercial Bank, which federal regulators shuttered in 2009 and is now in bankruptcy court.
Updated: 10/16/2011 11:02A
Herbert Smith LLP | Corporate update
By way of background, the issue of empty voting was discussed in February 2010 at the European Corporate Governance Forum. The Forum concluded that empty voting techniques increasingly exercise significant influence on listed companies and the key
Updated: 10/16/2011 10:57A
Nixon Peabody | Madoff feeder fund suffers defeat in effort to claw back
Judge Loretta Preska remanded approximately forty (40) suits that the joint liquidators (the “Liquidators”) of the massive BVI-based feeder fund, Fairfield Sentry Limited (“Sentry”), had filed in the US Bankruptcy Court for the Southern District of New
Updated: 10/16/2011 10:54A
Patterson, Belknap, Webb & Tyler | Patterson Belknap Webb & Tyler LLP
Gregory L. Diskant – Bet-the-Company Litigation; Commercial Litigation; Litigation – Intellectual Property; Litigation – Patent David W. Dykhouse – Bankruptcy and Creditor-Debtor Rights/Insolvency and Reorganization Law; Litigation – Bankruptcy Philip
Updated: 10/16/2011 10:51A
For the Record: Oct. 17, 2011
Kim Mogull of Mogull Realty represented both the tenant and landlord Hidrock Realty. The asking rent was $350 per square foot for the ground floor and more than $150 per square foot for the mezzanine.. CVS signed a lease for 10000 square feet at 420
Updated: 10/16/2011 10:24A
Treasury Department was skeptical of last minute Solyndra bailout
The emails shed new light on concerns by officials outside the Energy Department about the risk of the $535 million loan to Solyndra, which filed for bankruptcy on September 6, and was raided by the FBI. Republicans who are spearheading a probe of the
Updated: 10/16/2011 10:24A
Someone Please Forward This To Meredith Whitney
The big muni finance news this week was the bankruptcy declaration by Harrisburg, PA, which has long been at the vanguard of cities in financial distress. The fact that such a well-known big city filed for Chapter 9 has of course brought back all of
Updated: 10/16/2011 09:51A
Ford: Reduced Debt, Faster Growth Than Its Competitors
On the verge of bankruptcy in 2006, Ford's board of directors hired Alan Mulally as the CEO to turn the company around. He implemented the One Ford strategy to reduce cost and to focus on fuel-efficient vehicles. Under Alan's leadership, Ford reported
Updated: 10/16/2011 09:32A
Lazar launches counter-attack in the Senate
It is not too often one would expect to see a squabble between a failed concert promoter, a notorious bankruptcy adviser and a buyer of distressed mortgages get played out in the Senate - with the aid of parliamentary privilege.
Updated: 10/16/2011 09:28A
Swansboro has established a sound financial course
On the same day that the city of Harrisburg, Pa., filed for Chapter 9 municipal bankruptcy, Swansboro Mayor Scott Chadwick made a presentation to the Swansboro Area Chamber of Commerce on the town's municipal debt and reserves, which showed a town on
Updated: 10/16/2011 09:01A
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