Excerpts: Buying a Distressed Business: 10 Tips for Entrepreneurs As discussed below, it is generally advisable to purchase a distressed business after the target’s Chapter 11 filing pursuant to Section 363 of the Bankruptcy Code (a “Section 363 Sale”) due to its speed, benfits and flexibility. Do Your Diligence. A comprehensive due-diligence investigation is a […]
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Excerpts: “Laminate Companies: On the Move” As the East Coast braced for a winter blizzard of epic proportions, Park Electrochemical sent a cold shiver down the spines of more than a few industry observers with its announcement of a “strategic evaluation” of its core printed circuit materials business, one that could result in a sale.
Excerpts: Ex-MIT professor denies attempting to swindle family Prosecutors on Thursday announced that 75-year-old John Donovan Sr., of Hamilton, was indicted on several charges for allegedly forging his youngest son’s signature to gain title to at least four properties that had been left by him. That son, John Donovan Jr., died in 2015 at age
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Excerpts: Former MIT prof who staged shooting now accused of forgery John J. Donovan Sr., a 75-year-old who built a fortune in technology, was indicted by a grand jury in Salem on Thursday on seven counts of forgery, along with other charges including attempted larceny, witness intimidation and obtaining a signature by false pretenses. The
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Excerpt: Bennington College John Sheldon ’77: President of First Beverage Financial and leading investment banker who has honed his expertise in mergers and acquisitions, divestitures, restructurings, and strategic partnerships in top positions at Peter J. Solomon & Company, Lazard, and Goldman Sachs Source: Bennington College
Excerpts: “Hindery: Global Crossing Stiffed Me on Rent, Pay” Leo Hindery says he still has a gripe with his old company, Global Crossing – that it owes him rent for his Waldorf-Astoria apartment and a year’s back pay. Hindery headed the telecommunications company for two years, up to its peak in 2000 and left before
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
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
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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