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Gores' $1B Pep Boys Bid Undervalues Co.: Investor
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February 2, 2012 @ 3:11 pm |
A shareholder of Philadelphia-based automotive parts retailer The Pep Boys — Manny, Moe & Jack filed a putative class action in Pennsylvania state court on Tuesday, seeking to block a $1 billion proposal by The Gores Group LLC to take the company private....
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Forex Firm Principal Gets 17 Years For $17M Fraud
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February 2, 2012 @ 2:07 pm |
An ex-principal for a defunct foreign currency trading firm received a 17-year prison sentence Thursday in Illinois for operating a $17 million fraud scheme, learning of his punishment the day after his co-defendant was sentenced to 12 1/2 years for his role in the plot....
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Tribune Judge Mulls Lifting Stay Of LBO Clawback Suits
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February 2, 2012 @ 1:53 pm |
Tribune Co. lobbied a Delaware bankruptcy judge on Thursday to maintain a stay of dozens of lawsuits seeking to claw back billions from the media giant’s former shareholders, saying the litigation will distract from efforts to end its marathon stint in Chapter 11....
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Hedge Fund Sues Petters Over Polaroid Interests
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February 2, 2012 @ 1:19 pm |
A hedge fund sued Ponzi schemer Thomas Petters in Minnesota on Thursday for allegedly cheating it out of Polaroid Corp. security interests owed to the fund in exchange for $150 million it loaned to the company's Petters-owned parent, which went bankrupt....
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iShares Launches Five Global Commodity Producer Equity ETFs
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February 2, 2012 @ 8:57 am |
SAN FRANCISCO--(BUSINESS WIRE)--BlackRock, Inc. (NYSE: BLK) announced today that its iShares® Exchange Traded Funds (ETFs) business, the world's largest manager of ETFs, has launched five funds focused on commodity producers. The funds offer the benefit of access to companies involved in the production of the commodity without exposure to physical storage or other costs associated with commodity ownership. The new global equity-based funds, which are traded on the NYSE Arca, offer access to comm
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Right to Remain Silent in Offshore Asset Cases? NO Says Appeals Court!
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February 2, 2012 @ 8:22 am |
by Brian Mahany
Our 5th amendment privilege against self - incrimination is a basic fundamental right guaranteed by the Constitution. Americans can trace this protection from government abuse of authority all the way back to 1215 and the Magna Carta. Think of growing up watching TV shows and movies where the cops tell the bad guy that he “has the right to remain silent”. Many of us think that our Constitutional rights are absolute - unfortunately, our right against self-incrimination doesn’t always apply in case involving hidden offshore accounts.
Last ...
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A Personal Message From Bill Singer
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February 2, 2012 @ 8:00 am |
A special note from Bill Singer:Since I closed my own law firm in 2002, it has been quite the journey. In the ensuing decade, I've had the privilege of working with some truly phenomenal lawyers at several excellent firms. First and foremost, my former law partner Aegis Frumento, who recently hung out his shingle at Stern Tannenbaum and Bell in NYC. A former Harvard College / NYU Law School graduate whose stentorian tones and courtroom presence justify his amazing name. Not only a lawyer's lawyer but also one of the few class acts on Wall Street. Aegis is the livi...
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