Thursday, December 8th, 2011, 2:50 am
As Jon Corzine was directing his company to take more than $6 billion in bullish positions in risky European sovereign debt, the former MF Global CEO reportedly ignored prophetic warnings from his chief risk officer about the bet’s dangerous downsides. According to The Wall … Continue
Thursday, December 8th, 2011, 2:39 am
Dec. 7 (Bloomberg) — James Giddens, the trustee overseeing the MF Global Inc. brokerage liquidation, defended a planned transfer of $2.1 billion to U.S. commodity customers after receiving 18 formal objections and 43 letters querying the move. In the transfer, … Continue
Thursday, December 8th, 2011, 2:29 am
August 30, 2011- Lange v. Innova Capital Funding, LLC (In re Qualia Clinical Serv.), 2011 U.S. App. LEXIS 18020 (8th Cir. Aug. 30, 2011). In this case, Appellant Creditors, Inova Capital Funding, LLC and Innova Capital Funding, Inc. (collectively “Innova”) … Continue
Thursday, December 8th, 2011, 9:54 pm
By David S. Hilzenrath, Updated: Thursday, December 8, 4:40 PM Jon S. Corzine, the former U.S. senator and governor who presided over the collapse of the commodities brokerage MF Global, told lawmakers Thursday that he never intended to authorize a transfer of customer funds to … Continue
Thursday, December 8th, 2011, 2:32 am
(Reuters) – Three hedge funds run by New York financier and philanthropist Ezra Merkin won dismissal of civil lawsuits accusing them of being part of swindler Bernard Madoff’s massive fraud. In an order dated Friday and made public on Monday, … Continue
Saturday, April 23rd, 2011, 7:11 pm
March 21, 2011 — Irvin Picard, the Madoff trustee sued Fred Wilpon and Saul Katz, seeking the return of fraudulent conveyances of $1 billion, on December 2, 2010. Picard alleged that Sterling Equities, controlled by Wilpon and Katz should have … Continue
Thursday, December 8th, 2011, 12:19 am
The timing of preference claims is affected by 3 major factors: the statute of limitations; the desire of the debtor to re-establish goodwill (and trade credit) with the supply base; and the discontinuation of the debtor’s business operations. The Statute … Continue
Friday, October 14th, 2011, 12:58 pm
STARTING A HEDGE FUND By Leslie E. Fourton, Esq. Hedge funds often are compared to registered investment companies, unregistered investment pools, venture capital funds, private equity funds, and commodity pools. Although all of the these investment vehicles are similar in … Continue
Monday, November 8th, 2010, 1:41 pm
This week U.S. Bankruptcy Court Judge Christopher Sontchi is hearing on whether to approve that repayment by the financial firm Capmark Financial Group Inc. Continue
Thursday, December 8th, 2011, 9:42 pm
We successfully represented a plaintiff in a Securities Fraud and conspiracy matter whereby we were successfully able to give our client the option of moving forward with a default judgment.
Thursday, December 8th, 2011, 12:35 am
We represented a significant product liability matter involving a dietary supplement that was released into the stream of commerce as a defective product by a manufacturing company that subcontracted the actual manufacture of the substance without permission from the health … Continue
Wednesday, March 16th, 2011, 12:37 pm
Discharge Under Chapter 7 “Discharge” in the bankruptcy sense refers to clearing the debtor’s slate of all, or most, past debts. Although many people expect that filing for bankruptcy will wipe out all of their debts, that is not always … Continue
