Excerpts: “Global Crossing Explained.” The next CEO was Leo Hindery, another AT&T executive, who had joined the company a few months earlier as head of its webhosting division, GlobalCenter. In March 2000, the month Hindery took over, Global Crossing’s stock had reached a high of $61 per share. A month later, it had fallen to […]
Excerpts: “Accounting for Gift Cards: An emerging issue for retailers and auditors.” Perhaps the greatest benefit to retailers—and one that has distinct accounting implications—is that historical consumer behavior trends show that a portion of many gift card purchases will never be redeemed. The retail and banking industries recognize the tendency of consumers to leave gift
Hindery v. Adjei: Plaintiffs are directed to provide a copy of Mrs. Wheeler’s Facebook account
Excerpts: Hindery v Adjei, 2018 N.Y. Slip Op. 31741. Defendants OHENEBA BOACHIE ADJEI, M.D. (“Dr. Boachie”), HOSPITAL FOR SPECIAL SURGERY, and JOHN DOE, (“defendants”) move, by order to show cause, and pursuant to CPLR § 3025, for leave to amend their Answer to include as affirmative defenses (1) superseding, intervening, and independent causes, (2) CPLR
Morgan Stanley: If Chuck can get away, maybe I can get away with blowing ESPN off
Excerpts: “Ganging up on sports fees.” “A lot are ruminating, ‘If Chuck can get away, maybe I can get away with blowing ESPN off and let ESPN take the publicity hit,” said Morgan Stanley analyst Richard Bilotti. Several top MSO execs—even programmers Discovery Networks’ John Hendricks and MTV Networks’ Tom Freston—slammed YES and its chairman
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Excerpts: First Beverage Group John initially developed a strong interest in beverages during his college summers in Minnesota where he drove a beer truck for a Grain Belt distributor and then was a bartender at a leading local bar and restaurant. John is an investment banking veteran with over thirty years of experience in the
Proposed Investment in Hammes Partners III, L.P.
Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in Hammes Partners III, L.P. The New Jersey Division of Investment (“Division”) is proposing an investment of up to $50 million in Hammes Partners III, L.P. (“Fund”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9. The
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Proposed Investment in Onex Partners V LP
Memorandum to: State Investment Council From: Christopher McDonough, Director Subject: Proposed Investment in Onex Partners V LP The New Jersey Division of Investment (“Division”) is proposing an investment of up to $100 million in Onex Partners V LP (“Fund V”). This memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9.
Excerpts: A Note from former Apple CEO Michael Spindler Just watching TV and reading more of the local papers, it seems that the Internet revolution here is handled by much more seasoned people. Whether it is Terra’s acquisition of Lycos, or the merger of a British and a German auction site to fend off eBay,
Excerpts: Liberty Interactive Corporation, Schedule 13D/A Names of Reporting Persons: John C. Malone The Voting Agreement, dated as of April 4, 2017 (the “Voting Agreement”), by and among Liberty Interactive Corporation (the “Issuer”), General Communication, Inc. (“GCI”), John C. Malone (“Mr. Malone”) and Mr. Malone’s wife, Mrs. Leslie Malone (“Mrs. Malone” and together with Mr.
Texas Utility Giant EFH Poised To Exit Bankruptcy After Three Years
Excerpts: Texas Utility Giant EFH Poised To Exit Bankruptcy After Three Years Energy Future Holdings (EFH), the parent company of Texas utility giants Luminant and Oncor Electric, is winding down what has become one of the longest and most unpredictable corporate bankruptcies in recent memory. Its success now rests in the hands of Texas regulators.
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