Excerpts: Graciano Corp v Baronoff, 106 A.D.3d 778, 964, N.Y.S.2d 602. The plaintiff contractor performed certain masonry work on property owned by the defendants in Suffolk County. After a dispute arose, the plaintiff commenced this action, inter alia, to recover damages for breach of contract and in quantum meruit. The defendants moved, inter alia, for […]
Graciano Corp v Baronoff, 106 A.D.3d 778, 964, N.Y.S.2d 602. Read More »
Excerpts: Morgan Stanley Misses Deal Harmony With Colm Kelleher – Paul Taubman Clash Colm Kelleher and Paul J. Taubman, co-heads of Morgan Stanley’s biggest business, work on opposite sides of an ocean, disagree about strategy and share an enmity that has become the subject of company jokes. Neither Kelleher, 54, a gregarious former fixed-income salesman,
Excerpts: JPMorgan Called Tribune Debt Distressed Prior to New Loans JPMorgan Chase & Co. lowered its internal rating on Tribune Co.’s debt, labeling it distressed months before arranging new loans that funded the newspaper publisher’s 2007 buyout, e-mails made public in court show. Miriam Kulnis, a manager in JPMorgan’s distressed-debt unit, said in court testimony
Steve Baronoff: Please be advised that the following language should be added to our standard engagement letter boiler plate after the indemnification paragraph. The Company also agrees that no Indemnified Party shall have any liability (whether direct or indirect, in contract or tort or otherwise) to the Company or its security holders or creditors related
Excerpts: “Those Write-Offs At KinderCare” Watching with what must have been some nervousness were the principals of the Lodestar Group, an investment banking boutique that is underwriting an unusual recapitalization and split-up of the two companies. Lodestar could end up on the hook for up to $160 million if KinderCare’s share price falls below $5.75
Excerpts: “Under Siege: One CEO’s battle to save his small public company from a hostile takeover” Sitting in his 26th-floor office, high above the throb and pulse of midtown Manhattan, John Sheldon oozes self-assurance. The baritone timbre of his voice matches his assertive style of dress: dark-blue suit and brilliant-yellow tie offset by a pale-blue
The following quotes are excerpted from Hanson Trust PLC v. SCM Corp, (2d Cir. 1985) Citation Code 774 F.2d 47 Docket No. 412, Docket 85-7745 Hanson Trust PLC, HSCM Industries, Inc., and Hanson Holdings Netherlands B.V. (hereinafter sometimes referred to collectively as “Hanson”) appeal from an order of the Southern District of New York, 617
